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Transforming the home buying process

17 January 2019 / Janet Paraskeva
Issue: 7824 / Categories: Features , Profession , Property
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Dame Janet Paraskeva assesses the potential digital future of the property world

  • Changing client expectation.
  • Digital transformation.

The government is pushing for change to the home buying and selling process against a backdrop of a new wave of IT innovation, artificial intelligence and digitised data.

What we don’t know is exactly what that change will be and when it will really start to be felt. But it will be different from past waves of IT development. They have left the property buying and selling process substantially unchanged, but this next wave will undoubtedly deliver that change. A summary of some of the changes are discussed below.

Better informed choice

A key transformation is the provision of better information to potential clients as they choose their conveyancer.

Along with all the other legal sector regulators and in close coordination with them we have developed new rules and guidance on information that must be made available to consumers as they shop around.

Inevitably a lot of the conversation

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MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
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