New reports suggesting that the conveyancing system is “broken” have surfaced across industry press this morning.
Two articles published in Property Industry Eye and The Negotiator this morning have criticised the conveyancing process describing it as “shambolic”, “farcical” and “archaic”, according to the views of leaders in the mainly financial and estate agency sectors of the industry.
This latest outcry amongst industry figures to “fix the broken conveyancing process” have come about following reports of record times in property conveyancing, although the origin of these reports is unknown and no reference is made to them in the articles published this morning.
Comments from industry figures cite lack of innovation and use of technology as the main source of conveyancing problems, with one suggesting that ”urgent” use of blockchain will solve the problem.
Today’s articles follow previous criticisms of the conveyancing system, one of which was written by former estate agent Russell Quirk.
