Regulated by the Council for Licensed Conveyancers, the firm is now working with agency partners to support buyers and sellers across the UK

New conveyancing firm Farringdon has launched in the UK residential property market, aiming to improve speed in property transactions through the use of artificial intelligence (AI).

Based in Central London and regulated by the Council for Licensed Conveyancers, the firm is now working with agency partners to support buyers and sellers across the UK.

JLL and Streets Ahead Estate Agency Group are among its first confirmed partners.

Farringdon was established by Ed Boulle, co-founder of Orbital.

Sue Bence is Farringdon’s COO. In addition, Sarah Debney joins Farringdon as head of legal practice.

Boulle said: Moving home should be one of life’s best moments, but the process of making it happen can be extraordinarily stressful and unpleasant.

Poor visibility, communication blackspots and bottlenecked information flows – all often created by the conveyancer’s lack of bandwidth – are problems buyers and sellers have come to expect as part and parcel of the process, he said.

At Farringdon, we’re throwing out those assumptions. We’ve designed our firm from the ground up around AI to prove that it is possible to deliver the same high quality experience consistently, regardless of the variables at play, he said.

He said: Our AI-led approach isn’t designed with only buyers and sellers in mind, but for the agents and advisers working with them too. No agent or adviser wants to be left in the dark or for their client to reflect on their property transaction with dissatisfaction; it’s bad for business.

Robert Aveling, deputy head of residential agency and development at JLL, said: A barrier for all agents to build business and win more sales is the amount of time and effort it takes to stay on top of current transactions and navigate communications between clients and conveyancers working on both sides of a deal.

He said: We’re looking forward to seeing how Farringdon can exploit AI efficiencies to deliver a consistent higher standard of service irrespective of their caseload or transaction complexity.