Speeding up the Conveyancing Process

A recent article in Today’s Conveyancer highlights a major challenge faced by the industry: delays caused by unnecessary or repeated enquiries.

According to Landmark Information Group’s research, the average time to respond to enquiries has doubled from 26 days in 2007 to 52 days in 2024.

In response, Landmark has developed a new tool, the Contract Pack Vault. This is designed to make the conveyancing process more efficient.

The tool aims to:

• Reduce the number of avoidable follow-up enquiries
• Shorten the time it takes to receive and respond to enquiries

Contract Pack Vault provides a platform for sellers’ solicitors to prepare and share contract packs with the buyer’s conveyancer in a clear and consistent way, reducing delays and confusion that can arise from missing or incomplete documents.

It uses artificial intelligence to check, review, and verify uploaded documents. These verified documents can then be shared with other stakeholders involved in the transaction, keeping the process moving.

Importantly, this platform supports the digitalisation of conveyancing, something the industry is always striving toward. By introducing these automated checks and a centralised way to manage contract documents, tools like this help reduce the reliance on paper and enable quicker decision-making.

By cutting down on unnecessary back-and-forth and improving the quality of shared information, Contract Pack Vault offers a smarter, faster way to handle transactions, benefitting conveyancers, clients, and everyone else involved in the conveyancing process.

You can read the full article on: https://todaysconveyancer.co.uk/new-conveyancing-tool-aims-reduce-unnecessary-enquiries/