Proptech digital solutions provider e4 Strategic has joined the Project 28 Charter, an industry-wide initiative established by Landmark Information Group. The Charter supports efforts to create faster and more certain property transactions.
Project 28 brings together various parties, including lenders, conveyancers, estate agents, and technology providers. Its ambition is to reduce the period between a sale being agreed and exchange to 28 days.
The Charter outlines eight practical commitments designed to address delays and enhance information movement between parties. These commitments include earlier instruction of seller-side conveyancers, increased provision of upfront property information, improved access to trusted digital data, and the secure sharing of key documents.
Andrew Vaughan, head of customer management at e4 Strategic, described the 28-day target as ambitious but useful. He noted that delays often stem from an accumulation of smaller issues, such as repeated information requests or missed updates, rather than a single major problem.