Lawtech ‘reduces fall-throughs to 5%’ as more services are launched to aid sales
Summary
LawtechUK and several proptech firms are promoting upfront, digitally enabled conveyancing models intended to reduce delays and fall-throughs in residential transactions. The article cites Conveyo data from 500 transactions in England and Wales, reporting fewer than 5% fall-throughs and faster exchanges where legal work begins at the point of listing rather than after an offer is accepted.
Why it matters
Residential surveyors are often involved in the early flow of property information, and these models could change how material information, searches and legal documents are assembled and shared. Faster, more structured pre-sale processes may reduce transaction friction, but they also increase the importance of accurate upfront property data and coordination with conveyancers and agents.
Key points
- Conveyo starts legal work when a property is listed, not after an offer is accepted.
- Across 500 residential transactions, fewer than 5% fell through, with faster exchange times reported.
- Hiizzy is trialling a transaction-ready model in Manchester, Liverpool and Leeds.
- Government reform plans are pushing more information upfront, greater digitalisation and standards for AI use in conveyancing.
- LawtechUK says earlier structured information can reduce stress, delays and repetitive due diligence.
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