Britain improves the house buying: Britain to digitize property sales for rapid transaction. World News – The Times of India

UK government is planning Digital property sales data To House shopping speed And reduce the delay, the guardian report.
The 12-week initiative has been initiated to make standardized rules for sharing data between the convenors, lenders and others involved in the transaction.
Currently, most of the process depends on paper documents or chronic systems, causing delays. The purpose of change is to improve information sharing and make the process more efficient.
“We are streamlining the cumbersome homebuying process for the 21st century, so that it is fit for the 21st century, helps homebuilders to save money, get time and reduce stress, while home sales number Cutting into, “Housing and Planning Minister Matthew Penicuk was quoted according to The Guardian, saying this.
This initiative is part of a comprehensive housing improvement scheme, including changes in plan rules, construction of 1.5 million houses, and leasehold improvements.
Long home process in Britain
Buying a house in the UK usually takes months in months, due to convention, property search and document retrieval.
According to the UK’s largest online real estate portal, Wright Mov, it takes an average of five months to go from offer acceptance.
Rightmov CEO Johan Swanstrom reported that it follows the initial two -month period for the selection of property and the proposal. He said: “The current process also contributes more than one in more than one out of five domestic sales, and is expected that a better process can also help reduce it.”
The Ministry of Housing, communities and local government say that complete digitization will allow immediate access to information for hostage providers and surveyors with single identity verification.
Right now, important documents such as building control and highway records are mostly on paper. There is also a delay because there are no standardized protocols to access and verify electronic data.
To improve this, working with the ministry Hm land registry (HMLR) and experts at the Digital Property Market Steering Group.
HMLR will lead a 10 -month pilot projects with councils to test digital data sharing. Plans are also included Digital identification verification To speed up transactions.
The new leasehold law lease holders will be more controlled on service fee costs and will remove their obligation to pay freeholder legal fees for right-to-maanese claims.
These changes can save leaseparts at legal costs up to £ 3,000 and reduce the landlord’s strategy of obstruction.
Penicuk said that improvement will help leaseplace to control the buildings more easily and cheaply, which they live and clamp into allegations of inappropriate or forced recovery. “