A quarter of residential sales don't end up completing. The average cost of a failed transaction is about £740 for the buyer and seller, separately.
25% don't complete
Residential sales have increased from 1,429,000 in 2013 to 2,060,000 in 2017 in England & Wales. Yet, systems and procedures haven't been updated, they're old-school and highly manual.
We live in a world with same-day delivery and one-click purchases. Yet, the conveyancing process still takes more than 11 weeks, even for the most basic sales.
11 weeks process
47% says conveyancer responsible
About half of those experiencing delays in conveyancing hold a solicitor/conveyancer responsible for the delay (e.g. unresponsive, not transparent, unhelpful).
38% buyers and 42% of sellers report having to fork out extra costs as a result of conveyancing delays.
4 in 10 say delays costs them
39.5% experience delay
Out of 2000 home-buyers and sellers surveyed, 39.5% experienced a delay in conveyancing, usually in the period from offer to contract exchange.
LET'S TAKE A QUICK LOOK AT THE STATS
LEARN MORE ABOUT US
The Brass Tacks is the first ever direct to consumer platform that is automating the processes behind buying and selling homes in the UK. Unlike traditional legal providers, we focus on solving existing problems in a way that suits you using both tech and people. We offer access to our in-house property lawyers to take you through all the crucial bits of a sale process accompanied by the lightning speed of AI solutions.
There is not one beautiful, secure, simple automated solution that has revolutionised the legal process for buying and selling in the UK yet, until The Brass Tacks.
THAT'S WHAT WE BELIEVE
SECURE & SIMPLE TO USE
We run ID verification checks online, so you can get started with us, anywhere at anytime, without ever comprising on security.
SOME OF OUR UNIQUE FEATURES
We've automated the manual tasks, so now we can perform property checks and do all your filings much quicker and with no room for human error.
A NEED FOR SPEED
ACCESS TO OUR OWN
We've handpicked UK qualified top-notch property lawyers to oversee your transaction. They're here to help, even after 5pm, at a time that best suits you.
We'll tell you exactly what you're paying for and why we recommend certain checks tailored to your property.
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