Mortgage offers frequently withdrawn due to ‘lethargic’ conveyancing process - IPAV
Estate agents are calling for urgent reform of the system, which they say has not been improved since 2015
Estate agents have called for urgent reform of the conveyancing process after a survey found that delays resulted in mortgage loan offers frequently being withdrawn.
The agents surveyed were critical of a “lethargic” conveyancing process - the legal transfer of property title from seller to buyer - which the vast majority said had not improved since an initial survey was conducted in 2015.
The responses were contained in a survey of 534 estate agents, conducted ...