Online conveyancing and property search provider eConveyancer has secured an investment from mid-market private equity firm LDC.

Online conveyancing and property search provider eConveyancer has secured an investment from mid-market private equity firm LDC.

Founded in 2003, Oxfordshire-based eConveyancer claims to hold a 2 per cent share of the UK online conveyancing market and aims to achieve 10 per cent in the next two years, according to a LDC statement. The investment will enable eConveyancer to target major mortgage lenders and legal services providers as additional clients. The amount invested has not been disclosed.

eConveyancer’s software allows mortgage applicants, lenders, financial advisors and estate agents to search for and instruct a conveyancer online, and gives solicitors the option to compare prices for property-related searches.
 
Nigel Hoath, managing director of eConveyancer, comments, ‘We have recently won some high profile contracts with major lenders that will facilitate further expansion.’