Within this report tmgroup's CEO Joe Pepper, takes an in-depth look at the events that are shaping the UK property market and driving the development of new technology to meet its ever-changing needs.
Here are some highlights
- Change can't come quickly enough, with poor communication routinely being blamed by all parties for property transactions falling through.
- Lenders and surveyors are already using new decision-making engines to make risk-based decisions - often within 30 seconds.
- A shared transparent view of the current status of any property transaction is helping speed things up.
- The market is very close to being able to work within a digital framework and take advantage of digital vaults and digital property log books.
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