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Clare and Steven George-Hilley (pictured) paid a £25,000 fee to secure a new home. But the deal was delayed allowing the seller to seek a better offer.
Clare and Steven George-Hilley (pictured) paid a £25,000 fee to secure a new home. But the deal was delayed allowing the seller to seek a better offer.
Pressure on the conveyancing system and property sellers need for security has led to the creation of reservation agreements, according to Gazeal.
The conveyancing system could be more effective if it mirrored some of the best practice from the lettings process, according to digital estate agent platform Gazeal. Gazeal suggests that the additional pressure on the conveyancing process caused by the stamp duty holiday has highlighted its shortcomings and that evolution is urgently needed. Bryan Mansell, co-founder of Gazeal, said: “During the homebuying process, once the offer has been accepted, buyers and sellers go off independently which is where many of the problems start. “Of course, the lettings process will always be faster tha...