Property law and speed aren’t always things that go hand in hand.
When things go right, you can buy and sell in weeks. When things go wrong, things can take several months. A local estate agent is currently quoting 5 months. Yet, our case management is currently suggesting it’s taking us an average of 8 weeks (it’s important to note this is an average and some are quicker or slower).
Before I let you into our secret, it’s important to note two things;
- despite what you may read, property law is complex and some cases will always take longer to deal with due to foreseen or unforeseen circumstances
- 3rd parties will always have the ability to slow a transaction — it’s difficult to control this but there has been an improvement with technology.
With the above points in mind, as a pessimist, you could argue there’s little that can be done to mitigate the speed. As an optimist, I’m looking at the areas we can control and how we can speed them up.
We’ve made changes throughout the process recently but the game changer has been client onboarding. If you think back to the original process, it involved paper, first-class post and bringing your ID to the office.
For now though, and for those that want to, we can offer a fully digital onboarding service. The result has been onboarding takes days rather than weeks; the record is 30 minutes from sending documents to receipt of completed.
If you don’t believe me, give it a try for yourself or contact me for a no-obligation demo.