New conveyancing firm LPL plans to launch an eight-week exchange guarantee.
Exchanging contracts on a property is a crucial part of any transaction, setting in place a legal obligation to continue with the sale or purchase, so buyers and sellers alike want to reach this stage as quickly as possible. Too often conveyancers drag their feet, with delays putting the transaction at risk.
However, LPL staff are targeted to an eight week exchange date, and the firm aims to put in place a guarantee to reach exchange within eight weeks on cases which fall within certain criteria. LPL is currently trialling this guarantee with an estate agent partner ahead of full rollout.
Fiona Greenhalgh, Head of Conveyancing at LPL said: “We want to push the boundaries. We believe that by offering a guarantee on how quickly the transaction will reach exchange it demonstrates to clients our proactive attitude and how determined we are to deliver a fast, satisfying experience. There are invariably cases which are delayed due to complex issues and chains, and those cases will be managed accordingly. But we know that cases which fall within our criteria can reach exchange within just eight weeks.”
LPL launches in August. For updates on the firm’s launch, check out the LPL website. —
