DDM Residential
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Latest property news
Simple idea that can speed up conveyancing by 14 days
The conveyancing process can be speeded up by two weeks on average if vendors are asked to fill in the standard questionnaire about their property before going to market, says conveyancing software firm The Conveyancing Partnership (TCP). TCP supplies over 100 branches with its white-labelled product, which enables independent agents to offer their clients an in-house conveyancing process instead of handing it over to a third-party solicitor. Vendors are then invited to fill in the detailed property questionnaire at the beginning of the process, which subsequently outputs a property report featuring the agent’s branding. This includes details of any boundaries, leasehold issues, disputes and complaints or planning issues affect the area or property and fixtures, plus the fixtures and fittings included in the sale. One of the agent’s using TCP, Graham Wilson of Grimsby-based DDM Residential (pictured, left), says he reckons 60% of his vendors fill in the form early and that among those who do, there has been a 15% drop in the number of sales falling through – his latest figures for May show. As well as working for DDM since he led a buyout of the company when he was 24 years old, Graham is also a…
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Latest property news
Entrepreneurs behind IAM Sold launch online conveyancing ‘disruptor’
An online conveyancing system has been launched that enables small and medium-size agents to offer their own in-house branded service and take on the corporates. Ben Ridgway and Jamie Cooke (pictured, below) whose company Intelligent Services Group also owns IAMSold, has launched The Conveyancing Partnership (TCP), a free service for agents. TCP works by prompting vendors to start the initial stages of the conveyancing process prior to an offer being made and is claimed to improve relations between agents and solicitors, and speed up conveyancing by up to seven days, one agent trialling the system claims. TCP acts as a way to persuade vendors to use the agent’s own solicitors, and then enables agents to offers their own branded ‘in-house’ conveyancing service to progress the sale. If the customers then go on to use TCP’s no-sale, no fee service run through a panel of local solicitors picked by the agent, then branches can expect referral fees of between £100 and £225 per case, TCP says. At the beginning of the process vendors are asked to fill in a Law Society-approved online questionnaire which prompts them for the details they would normally only provide once the conveyancing process start. This includes the…
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