Southern Property Investors Focus On Yield | Homebuyer ConveyancingWritten by homebuy1
Southern Developers begin to catch a cold as more and more investors focus on yield. Time to open up a northern office.
Conveyancing Market Shifts
The conveyancing market is shifting. Over the past few years the Southern Conveyancers were placed next to the high demand Southern Property Developers stock.
They provided a nominated, preferred route for Southern Developers to keep control of their New Build Sales, albeit not as independent as it should be for their Buyers.
Now with leasehold issues coming to the market, that decision for Developers to push Buyers to use their Solicitors will now prove to be an issue.
To make matters worse the sales momentum for Southern Developers is reducing and the much needed pre sales from Investors is no longer a certainty. The Investor market is shifting.
What will happen Now
The southern Conveyancing firms will need to act fast as their cost base will be too high without the certainty of local New Build sales.
They may consider taking conveyancing work on at a lower rate to supplement their base line work. A difficult choice as that can cause issues with their existing Clients that are willing to pay their standard fees.
Some Southern Solicitors are already merging or opening up an office in the North.
Logically this situation is forcing all Solicitors to spread their financial risk, which can only long term strengthen their position.
Southern Property Developers
Southern property Developers need to act fast to lock down their stock with firm Buyers. Some have advised that Stamp Duty will be paid. Sounds good. Massive mistake. Under the CML (Council of Mortgage Lenders) rules that will need to be noted and the property will be valued at the market price minus the stamp duty. This impacts what the lender will lend and the Developer will be left with the Buyer having to walk away as the Buyer will not get the funding that they had hoped for.
Non disclosure of the Stamp Duty Gift isn't an option
Southern Developers need a Sales action Plan
We Help You Too Ltd has the sales software to provide control for Developers to use at a nominal cost. This provides Developers with a controlled way of sending stock to new sales outlets. The Homebuyer panel provides the impartiality for the new Buyers and Investors. A win win as Buyers have conveyancing choice and Developers can keep control of their Sales.
Buyers - Thinking Ahead
If you are Buying New Build then please do be careful on the value of incentives being provided.
This may cause an issue with your Mortgage Lender.
The best scenario is that you try and get your white goods included and maybe a discount on the advertised price.
Negotiate hard as fast exchanges for the Developer gives them certainty that a sale will proceed.
New Build Investors Buyers and New Build Homebuyers can compare quotes online from the national Homebuyer panel without entering any personal details.
When ready they can take a quote away and schedule a call to discuss their conveyance.
Please do call on 0345 463 7664
If you need that supporting, helping hand to find your independent Conveyancer.
Latest from homebuy1
- Costs And Fees For Conveyancing Calculated Online : Local Solicitors Quotes
- Conveyance Comparison Quotes For Moving & Remortgaging | Fast Solicitor Finder
- Quotes For All Types Of Residential Conveyancing | Local Solicitors Fees
- Homebuyer Quote Comparison For Moving House | Conveyancing Solicitors Fees
- Best Online Quotes From UK Conveyancing Solicitors | Homebuyer Conveyancing
New Homebuyer Scottish Conveyancing panel
Why Choose Us
The Homebuyer Conveyancing panel provides you with the conveyancing calculation search filters to match your specific legal needs, when it comes to selling, buying and remortgaging residential property or buy to let investments. Our Lender Conveyancing Solicitors panel cover England and Wales. Your remortgage, sale and purchase conveyancing prices are fully itemised. No hidden extras. Free No Obligation Advice
First Time Buyer? Need Conveyancing Advice? – Prepare your conveyancing legal question and book a timed call back from your chosen Conveyancer.
Alternatively please call us on 0345 463 7664. We are here to help you.
Find your best Lender panel approved Conveyancing Solicitors quote for your residential New Build, Sale and Purchase, Moving House or Remortgage. Use our free independent Conveyancing Solicitors near me comparison service.
Our Service Promise
- Price Comparison quote service - No personal details
- Conveyancing costs - Fully itemised quote - Include legal fees and disbursements
- Book a call from your Conveyancer at your requested time
- Professional Solicitors and Licensed Conveyancers that understand your needs
- Please call us on 0345 463 7664 We will help you find your best conveyancing quotes
- The Homebuyer Conveyancing Panel are monitored for on time call backs and service delivery. They adhere to a Customer Charter. We value Customer feedback and act on it
- SRA Regulated Solicitors and CLC Licensed Conveyancers
- Homebuyers can add the Flexi Smart Contingency House Insurance
Find out about Buyers Protect Insurance.
Conveyancing Service Promise.
Conveyancing Direct Service
The conveyancing costs Process Explained
Homebuyer Survey Costs
Click the link - SURVEY Finder
Order your Homebuyer Survey and Valuation
Is your new property in good order and worth what you are paying for it.
You can get a discount on the following reports.
RICS Condition Report - Property Condition
RICS Homebuyer Report - Property Condition and Valuation
RICS Premium Building Survey - Property Condition, Valuation with approximate urgency with cost