ULS, the parent company of leading conveyancing comparison website e-Conveyancer says its new venture DigitalMove has already shortened the house sales process by two weeks.
DigitalMove is a new platform that ULS says will transform the entire home moving and home owning process for consumers. The group plans to spend millions further developing it following its sale of Conveyancing Alliance (CAL), one of the UK’s leading conveyancing broker panels used by thousands of agents.
The sale to O’Neill Patient raised £27.3 million, and ULS chairman Martin Rowland says, after paying off its £5.75 million overdraft, much of the remainder will be used to develop and grow DigitalMove.
It’s a centralised digital conveyancing platform that helps everyone involved in the conveyancing process to communicate and collaborate, including agents. National chain Andrews is currently piloting the service.
ULS says it has already pushed some 20,000 house sales instructions through the platform via its existing e-Conveyancer business.
“We have received a lot of great feedback from consumers and we are cutting around two weeks from the start of the process,” says Rowland (pictured).
“We are still in the early stages of the DigitalMove journey with much more we want to achieve. The sale of CAL provides us with the funding to significantly accelerate that journey.
“We are currently formulating our plans to broaden our digital platform and look forward to providing an update once these have been finalised.”