Lloyds, Connells and LMS launch digital homebuying service welcomed by government

Lloyds Banking Group, estate agency Connells and conveyancing firm LMS have launched a fully digital homebuying service aimed at cutting UK transaction times from the current average of around 22 weeks. The Government has welcomed the move. For buyers and sellers, faster digital transactions could mean fewer fall-throughs and shorter chains. The shift is gradual — only one lender, one agency group and one conveyancer are signed up so far.