Digital homebuyer service launched by Lloyds Banking Group
Lloyds Banking Group, LMS and Connells Group have launched a fully digital home buying service, which the partners say will reshape the way homes are bought and sold across England and Wales.
The digital homebuyer service has been developed to eliminate the points of frustration and cut weeks of waiting and uncertainty from the process, the partners say.
Mike Ward, chairman at Armalytix, said: “Anyone who’s bought or sold a home will recognise the frustration of being asked for the same documents again and again, especially when it comes to proving where your money is coming from. What often slows things down is that these financial checks happen later in the process, after an offer is already on the table.
“What’s interesting about this pilot is the move to complete those checks earlier and share them across the transaction. If done at scale, that could make home moving faster, reduce the risk of deals falling through, and create a much more straightforward experience for buyers and sellers.”
