Collaborators claim 90% market share will create ‘significant opportunity’ to improve interoperability
Four PropTech providers have announced a collaboration to help lenders and conveyancers access and share trusted information more easily across the home buying process. LMS, Landmark Information Group, InfoTrack and Decision First (the business which operates Lender Exchange) collectively claim between them to support over 90% of UK lenders and residential conveyancing firms; which in […]
SME developers show ‘concerning’ decline in confidence, HBF research shows
Small and medium-sized home builders are experiencing a sharp deterioration in confidence, new research suggests. The Home Builders Federation’s (HBF) second quarterly SME Developer Sentiment Survey, in partnership with Quantum Development Finance (QDF), shows expectations for land purchasing, housing starts and housing market conditions have all weakened. The survey tracks changes in the confidence of […]
Buyers pay £4,000 more for higher EPC rating, Nationwide research reveals
Buyers will pay on average 1.6% more for a home with an Energy Performance Certificate (EPC) rated A or B compared to a D-rated home, new research reveals. Nationwide’s analysis of the latest English Housing Survey data found that buyers will pay on average £4,500 more for an EPC above B, based on the average […]
New-build buyers ‘rely on AI tools for reassurance’
New-build buyers are increasingly relying on artificial intelligence (AI) when making purchasing decisions, a conveyancing firm has warned. Buyers are increasingly using AI tools to review legal reports, generate additional enquiries and seek reassurance before exchanging contracts, according to RG Law. Holly Meek, auditing manager and new-build supervisor at RG Law, said: “We are seeing […]
What the FCA’s mortgages and Open Finance Policy Sprint taught us about the future of home buying
The Financial Conduct Authority’s (FCA) Mortgages and Open Finance Policy Sprint brought together lenders, regulators, technology providers and representatives from across the mortgage and property sectors to explore how trusted financial data could improve outcomes for consumers. Digital conveyancing company PEXA UK explains what that means for the future of home buying. The recent […]