Australian property company Pexa has chosen West Yorkshire as the base for a pilot working group initiative to streamline property sales.
The Future Property Transactions Group brings together stakeholders from across the market to accelerate the transformation and improvement of the UK home buying and selling process.
The Group wants to drive collaboration between key property market stakeholders in the region, including Leeds Building Society, Legal & General, West Yorkshire Combined Authority, Mortgage Advice Bureau, and Arch Law, as well as the Open Property Data Association to help make the property transaction process more efficient and seamless for all.
Hosting its inaugural meeting as part of Leeds Digital Festival, the initiative seeks to draw the best from the region’s key strengths in the financial, legal and property sectors, promising to enhance efficiency, reduce cost, save time, and cut the risk of fraud.
Joe Pepper, PEXA UK CEO, said: “PEXA’s mission is to help address the current issues within the property market. Transactions are often inefficient because of the siloed nature of each stage of the journey and, with an overarching view of the process and the proven ability to develop and implement technology to help drive change, we are in a prime position to help bring all stakeholders together and enable better collaboration to ease the issues being faced across the board. The launch of the Future Property Transaction Group supports this aim and we are excited to see the results it delivers for all.”
Richard Fearon, Chief Exec of Leeds Building Society, said:“Our purpose is to put home ownership within reach of more people. We welcome the launch of this group and look forward to working closely with others to create a quicker and simpler process that our members could benefit from.”
