Plans to digitalise key property data to speed up home buying The Government is planning to digitalise data shared during property sales to tackle hold-ups in transactions and streamline the house-buying process.
He said the company’s latest data shows it takes five months on average from having an offer accepted to moving into a home, on top of the initial two months it usually takes to find a property and agree an offer.
Rightmove said it takes five months on average from an offer being accepted to moving into a property, and that “digitising” the property market is key to helping speed this up.
A “fully digitalised” home buying and selling process would mean mortgage companies and surveyors can access the information they need immediately with identity checks only carried out once, the Ministry of Housing, Communities and Local Government said.
Rightmove chief executive Johan Svanstrom said: “Digitising the property market is key to helping speed up the moving process.
