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Winterthur develops system to speed up home buying process


Winterthur has developed a computer system which it believes will speed up the process of buying a home.


The system called &#39Winteract&#39 aims to cut two weeks off the whole house buying process which Winterthur says currently takes an average of about 80 days from viewing to completion.


The system removes the need for lengthy form filling as all the transactions are completed on screen. It can provide instant decisions on life assurance and acceptance in principal on mortgage applications.


Winteract will be installed in Winterthur&#39s network of 1,000 estate agents.

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