Wed 18 Nov 2020 View all news articles
Like the rest of the country, the housing market is in unprecedented times right now with significantly high activity levels recorded since the first lockdown. This was echoed by Rightmove who recently announced an increase of over 67% in pending transactions than at the same point last year. Their data shows that there are around 650,000 transactions being handled right now and have labelled this a ‘Conveyancing Tsunami.’
At any point this would cause a strain on the system but when you consider the significant impact COVID-19 has had on resourcing in all elements of the conveyancing process – financial advisors, lender, solicitors, surveyors, local authorities, removal firms – you begin to appreciate the reason for the process being more drawn out than usual.
Here at Karl Tatler we are working tirelessly to help all of our sales move as quickly as possible and to support our Clients. We have recently added an extra three members to our Sales Progression team to help deal with the volume of enquiries they are receiving and to maintain our high levels of customer service.
The positive news is that we are seeing far fewer sales fall through than we would typically expect; a great sign that despite the prolonged process, everybody is committed to their sales and purchases. You will get there, it may just take a little longer than normal.
Thank you again for your patience.
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