According to the most recently published reports making a startling appearance in the UK’s property industry press, property completions take on average 156 days. Despite a pandemic-induced mini-boom, the housing market started slowing down, and it has become apparent that conveyancing as a process is in dire need of reformation. There seems to be only one solution following the changes…
Amy Simmons, the CEO of WeCOMPLETE talks to David Mintz of Kerfuffle, a property expert with over 24 years of experience, about the updated achievements of WeCOMPLETE, which are breaking barriers of property transactions. Estate agents, conveyancers and mortgage brokers who adopted WeCOMPLETE as their digital conveyancing platform benefit from: 42% faster property completions Fall through rates reduced by…
Uberisation is perhaps the very last term one would associate with conveyancing and property completions. Yet, with new technology advancements within the legal and proptech space, the term slots in very comfortably indeed. What is uberisation? In short, it’s using technology, such as online and mobile applications, to aggregate and innovate transactions between clients/consumers and providers of a service. The…
Why is it so important to talk about innovation in the world of remortgaging? As reported by Financial Reporter, the Intermediary Mortgage Lenders Association, a trade association representing the views and interests of UK mortgage lenders and mortgage brokers, predicts that in 2021 we will hit £285bn in mortgage lending – the highest since 2007. This highlighted an array of…
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…