Sydney fintech HashChing just digitised conveyancing

Online mortgage marketplace HashChing has announced a new partnership for digital conveyancing.

The Sydney fintech is now offering the services of electronic conveyancing marketplace Titlexchange, with the pilot limited to Victoria for now before a general rollout later.

HashChing chief information officer Atul Narang said that the legal paperwork can be a bottleneck in the traditional home purchase process.

“Borrowers are at the mercy of conveyancers, who can sometimes drag the process out unnecessarily and worse – charge more for their own delay,” he said.

The integration into the HashChing platform allows users to access fixed-price conveyancing through Titlexchange without having to go offline to provide ID and personal data.

“We connect users with a local conveyancer the same way we connect them with a local mortgage broker,” Narang said.

“Since the whole procedure is completed online, it minimises the manual processes and paperwork associated with property exchange.”

Conveyancing packages accessed through HashChing are 10% cheaper than the standalone Titlexchange prices, with off-the-plan purchases and family transfers charged at $490.50 plus disbursements, and buying and selling existing properties setting users back $738 plus disbursements.

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Source: Sydney fintech HashChing just digitised conveyancing | Business Insider