The UK residential property market is an active one, supporting more than 100,000 transactions a month. But it is also notoriously slow, complicated, inefficient and expensive, with multiple intermediaries extracting transaction costs - guaranteeing anybody who offers to digitise the process a warm welcome from house-buyers and sellers. Counter-intuitively, all those intermediaries - estate agents, conveyancers, lawyers, surveyors, mortgage brokers, lenders, data vendors and government offices – also have much to gain. Dan Salmons, CEO of Coadjute, a start-up whose purpose is to digitise the UK housing market, explained to Future of Finance co-founder Dominic Hobson why it also makes sense for intermediaries to welcome greater efficiency.
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Where Finance Finds Its Future