As the June Stamp Duty holiday deadline fast approaches and more buyers rush to complete their house purchase, the pressure is mounting on the conveyancing process which has increased by 12% since last year.
CLASSIC FOLIOS has partnered with WeCOMPLETE to produce a new conveyancing tool, SPACIABLE LEGAL which has launched this week.
SPACIABLE LEGAL is a new feature which uses ground-breaking technology to take the conveyancing process online, improving efficiency and transparency, and reducing completion times. The platform has enabled cases to complete on average 28% faster than the national average with many taking as little as 28 days and has reduced fall-throughs by 75%.
With SPACIABLE LEGAL, developers and private landlords can sell their properties and nurture customer relations under their brand from reservation to completion, actively speeding up the process, with the ability to complete in just seven days on a single online platform which provides a complete a full end-to-end solution to the buyer’s journey.
David Graydon, Managing Director of CLASSIC FOLIOS, said: “With the risk of sales not being completed by the stamp duty deadline and the pandemic highlighting the need for conveyancers to digitalise their processes, SPACIABLE LEGAL was created as an effective solution to relieve some of the strain that the housing market is facing in these challenging times.
“The platform provides both housing providers and customers with an optimal five-star customer service experience at a time where face-to-face interaction can be difficult to achieve, offering everything required for a seamless journey at their fingertips. Our partnership with WeCOMPLETE will strengthen our offering and we look forward to helping developers speed up their reservation to completion process.”
Developers can invite buyers to SPACIABLE at reservation or even earlier, so they can work through the various stages from the comfort of their home, freeing up valuable space and time in the sales office on site. Spaciable is a user-friendly platform with built-in notifications, FAQs, How To articles and videos, snagging and defect reporting tools which help buyers become self-sufficient and proactive, minimising site visits and repeated calls to the sales team.
The workflow of Spaciable Legal has been built for flexibility from the outset where it is capable of accommodating schemes such as Help to Buy, chains, part-exchange, and shared ownership.
SPACIABLE LEGAL offers buyers 24/7 access to the various stages on the conveyancing process where they can find the best legal team for their needs, minimise costly delays caused by slow responses to legal queries all on one streamlined platform where everything from queries, quotes, anti-money laundering checks, contract exchanges and payments can be stored. With automation built-in, such as instant title information and far quicker return of searches and saves significant time to reach exchange of contracts sooner.
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