As the Stamp Duty Land Tax reduction, better known as the SDLT holiday, came to an end, we would like to express a tremendous and heartfelt well done to the UK’s property industry: conveyancers, estate agents, mortgage brokers, and lenders who have tirelessly worked to push the cases over the line in the past weeks. SDLT holiday, introduced by Chancellor…
Referral fees from conveyancing are one of the most popular ways estate agents create revenue for their business. In most cases, they are a “finder’s fee” received by the agents for recommending a third-party service to the buyer or seller. In practical terms, referral fees are the most common business arrangement between estate agents and conveyancing firms. In the past…
Over the years, you’ve tirelessly worked to establish the reputation of your estate agency, and it’s only natural you want to protect it. Most home sellers will shortlist estate agents based on brand, reputation, and recommendations. Familiarity with your agency increases valuation leads, wins instructions, and ultimately drives revenue; the recognition and credibility your brand has built over the years…
With the real estate industry flooded with completion tracking systems, we have decided to ask one fundamental question: what problems does the tracking actually solve? We have looked at several platforms, and the answer has become apparent: apart from keeping people up to date – not many. Property completion tracking has become one of the manual data entry jobs, and…
Have you ever wondered how much revenue does your agency potentially miss out on? In the world of property, the combination of fall through rates and completion times can make or break an estate agency. The number of completions of residential property transactions is a key driver of income for estate agents. As we’ve mentioned previously, 1 in 4 of…
In recent months the property industry experienced the levels of growth like never before. According to the official HMRC figures, between January and February, transactions rose by 23% compared to previous years. Still, at the same time, it’s been reported that the time from sale to completion has increased by 12%, and 1 in 4 property transactions fell through. Could…
When the average property completion time is going up, is it possible that agents can achieve faster completions when the average is 118 days? More and more estate agents ask themselves what can they do to reduce completion times and turn to technology for answers. But can technology really help? With the progressing digital transformation of the property industry, estate…
PropertyMutual has partnered with WeCOMPLETE to produce a significant and financially beneficial offering to their agents. A live connection between the portal and agents’ own WeCOMPLETE branded conveyancing application is now available from the portal driving traffic, revenues and relationships to the agents directly. Unlike other portals who aspire to remove ancillary earnings from agents, PropertyMutual recognises revenues from conveyancing…
EDIT: Since publishing this article yet another case of a residential resale property has completed in a remarkable timescale of just 16 working days. WeCOMPLETE reports that through its platform, launched in September, buyers and sellers are completing in 28 days, over halving the time of what would be considered a best-case scenario. Amy Simmons, CEO of WeCOMPLETE says, ‘we…
Coast To Castle is a new estate agency based on the Isle of Wight and has reported that it has doubled its agency revenue in the first month following onboarding with the WeCOMPLETE platform. The independent, family-owned estate agency led by husband and wife team, David and Laura Priddle, while relatively new to the island they’re not new to estate…