Property Management, House Builders, Probate, Estate Agent Network, Conveyancing

LPE1

Our new property sales process will reduce leasehold transactions by between five and 10 days and save UK consumers a combined total of over a million days each year* through a simple form we have initiated in consultation with major industry bodies.

LPE1
 
As the home of the UK’s largest network of independent estate agents and one of the largest conveyancing panel managers, it is vital for us to ensure that our agents and conveyancers are provided with the right tools to reduce transaction times for all property sales. 
 
The enquiry process previously adopted for leasehold properties was an unnecessary burden for agents and conveyancers alike who are increasingly under pressure to complete sales quickly, especially in an improving property market where delays in transaction times are being reported. 
 
By creating an approved set of enquiries for leasehold properties both landlords and managing agents can introduce systems to collate the information safe in the knowledge that both the buyer’s and seller’s conveyancers will accept it saving an estimated five to 10 working days on average. Consumers will also save money as the additional requests for information will only be required where an issue is revealed which requires further investigation.
 
With almost five million leasehold titles registered in England & Wales, this new form, the LPE1, will have wide reaching benefits. It is likely there will be one leasehold property somewhere in every chain of transactions.
 
Please contact us for more information or you can download the form in the documents section to the right of this page.