ID in 90 seconds: Lightfoots unveils app to speed up conveyancing
UK - MortgageFinanceGazette
Lightfoots Solicitors is launching a digital ‘facial recognition’ ID service for clients in a move aimed at speeding up the conveyancing process. The solicitors’ practice said it is the first UK legal firm to offer this form of verification to clients through a bespoke app.
It claims the process will take around 90 seconds to complete and can be carried out wherever the client has their smart phone or tablet.
How it works
As soon as a client instructs Lightfoots to act on their behalf, they will be emailed an invitation to download the app from the relevant app store. Once downloaded, the client is taken through the simple step-by-step process and identification is verified by using facial recognition AI. Developed by Onfido, the app compares the facial features of an applicant to their nominated document such as a passport or driving licence.
MortgageFinanceGazette
Powering ahead after lockdown
South Africa - Property360
Agents pleasantly surprised by the volume of inquiries regarding sales and rental properties now that the industry is back to work in level 3 It has been all systems go for the real estate industry since it reopened at the beginning of this month, with demand for homes picking up where it left off before lockdown.
The first week back saw a number of inquiries from buyers and tenants, some of whom wanted to view properties physically and the rest wsatisfied with virtual tours.
In KZN, agents have been “very busy” scheduling viewings with buyers who physically wanted to view properties, says Daphne Rhodes, regional sales manager at the Rawson Property Group.
Property360
Work begins on property logbooks to speed up conveyancing
UK - LawGazette
Property logbooks could be introduced to the home buying and selling process to speed up conveyancing.
The Home Buying and Selling Group, which comprises various representative groups including the Law Society, has set up a working group to look at how to securely provide a logbook, which would be a digital file containing the key data needed to complete a property transaction.
The logbook would be transferable between homeowners. The information, which would grow over the life of a property, would be formatted so that it could be integrated into other digital systems run by estate agents, local authorities and conveyancers. The government has already indicated that it would support property logbooks.
Solicitor Andrew Garvie, joint head of real estate residential at JMW, said a logbook might help to create an upfront picture of the property for a potential buyer with the aim of reducing the time from offer to exchange and completion.
LawGazette
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