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ULS to launch online conveyancing platform for customers

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  • 03/12/2018
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ULS to launch online conveyancing platform for customers
ULS is launching a digital conveyancing platform in January which it believes could take weeks off the home-moving process.

 

The customer-focused online platform Digital Move will allow buyers to communicate with their conveyancer in a digital environment.

The conveyancing technology firm also said it had seen further growth in its market share, particularly for the remortgage sector and is planning to move into the new build conveyancing market.

In its interim results for the six months to the end of September the firm saw revenue increase by 3% to £15.8m with underlying profit before tax up by 6% to £2.9m.

It also confirmed new conveyancing services contracts with Hunters Estate Agents and Which? Mortgage Advisers.

The conveyancing process has been one of the key targets for improvement in the homebuying process with many concerns raised across the industry that it takes too long and is too complicated.

ULS chief executive officer Steve Goodall (pictured) emphasised in the interim report that the firm was focusing on digital developments.

He said: “The group has always been innovative. However, during this year we have significantly increased resource in our product development team as we look to accelerate delivery of new products.”

“This will accelerate the launch and development of Digital Move, as well as other new products for lenders and new build, without compromising enhancements to our existing comparison platforms.”

Goodall added that the firm was pleased with its performance in the first half of the year.

“We once again outperformed the market in both transactional and re-mortgage volumes.

“We also increased our sales resource during the period and have concentrated both on increasing the number of advisers who use our systems and how often they use them.

“We will continue to focus in this area over the coming months and expect these efforts to continue to deliver new contract wins.”

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