Proptech provider e4 Strategic has joined the Project 28 Charter, an industry initiative intended to reduce the time between a property sale being agreed and exchange of contracts to 28 days.
Landmark Information Group established Project 28 to bring together lenders, conveyancers, estate agents and technology providers in an effort to make property transactions faster and more certain.
The charter contains eight practical commitments designed to tackle delays and improve the movement of information between parties. These include instructing sellers’ conveyancers earlier, providing more upfront property information, improving access to trusted digital data and sharing key documents securely.
VERSA, e4 Strategic’s platform, was developed in consultation with UK lenders and conveyancers. It connects parties from mortgage offer to post-completion through structured digital workflows, shared case visibility and secure communications.
The company said the platform’s approach supported Project 28’s objectives for trusted data, improved information sharing and closer connections between property professionals.
Andrew Vaughan, head of customer management at e4 Strategic, said: “The 28-day target is ambitious, but that is exactly why it is useful. If we start from the assumption that transactions will always take three or four months, we risk designing improvements around the current process rather than questioning why it takes that long in the first place.
“One of the lessons from working closely with lenders and conveyancers is that delays rarely come down to one major problem. It is often the accumulation of smaller issues such as information being requested more than once, a query sitting unanswered, an update being missed or one party not knowing that another is waiting for them.
“The test should not simply be how many transactions reach exchange within 28 days. It should be whether we can remove enough wasted time and uncertainty from the process that taking more than 100 days becomes the exception rather than the norm.”
