New Lloyds announcement to 'change the way' homes are bought and sold

New Lloyds announcement to 'change the way' homes are bought and soldIt has created a new partnership aimed at making the process less stressfulCommentsMoneySteven Smith Content Editor12:47, 21 Apr 2026View 3 ImagesLloyds’ partnership aims to help limit the number of home transactions falling through(Image: Stefan Rousseau/PA)A partnership to help take the headache out of the home-buying process has been launched by mortgage giant Lloyds Banking Group, estate agency Connells Group and conveyancing provider LMS (Legal Marketing Services). Those behind the announcement said it will reshape the way homes are bought and sold across England and Wales, with customers benefiting from a simpler process.‌The digital home buyer service has been developed to cut “points of frustration” such as duplicated checks and long waiting times. Customers should experience a smoother journey with fewer questions and less chasing, according to those behind the initiative.‌The service aims to tackle issues with checks taking place earlier and information shared digitally between relevant parties using LMS’s property transaction network, a shared data-exchange platform. It also aims to tackle the issue of repetitive requests for identity verification and minimise “late surprises” about properties.‌View 3 ImagesBuying and selling homes is notoriously difficult(Image: d3sign via Getty Images)The service runs on residential sale and purchase transactions within England and Wales, involving Connells branches, LMS‑panel conveyancers, and Lloyds Banking Group as the lender.Housing Secretary Steve Reed said: “Too many people who have bought or sold a home will know this feeling all too well – months of waiting, chasing and worrying, with sales liable to fall through at any moment. It can quickly become a living nightmare. It doesn’t need to be this difficult and that is why we have set out bold proposals to shake up the home-buying and selling process.‌“I’m pleased to see Lloyds Banking...