Quality Conveyancing could be the difference to prevent abortive home moves
A recent report on 15th July 2011 shows a 29% fall through in property transactions in the first half of this year – up from just 21% three years ago.
Whilst a buyer and seller may not be totally honest as to why they choose to withdraw, a simple change of mind is often a reason. Economic uncertainty is the speculated major reason with fears over finances and job security with a reported one in ten sales falling through because of lack of mortgage finance.
Of course adverse survey reports are also reported as a continuing factor.
But with ‘cheap conveyancing’ littering the internet, and many Corporate Estate Agents referring every customer they can get their hands on to use their preferred conveyancers despite many having a very poor reputation – the quality of a buyer or seller’s chosen conveyancer will also play a major part in whether a transaction unnecessarily aborts.
Clearly those conveyancers who are prompt in their dealings and who bring their client to an exchange without undue delay will help minimise the chance of either party getting cold feet. At Bennett Griffin, we pride ourselves on providing a fast and efficient service where all our conveyancers are approachable and experienced Solicitors and act solely in our Client’s interests rather than our own or indeed anyone else’s.
Our standards of practice has been approved by Lexcel www.lawsociety.org.uk/productsandservices/lexcel.page