This story is sponsored by LCF Law.
The importance of using a quality conveyancing solicitor in a slowing property market by Lynn Wilkinson, a director at LCF Residential (pictured above).
It’s no secret that both house prices and sales activity in the property market are under pressure, predominantly due to rising interest rates pushing up the cost of borrowing.
However, the Bank of England’s recent decision to hold the base rate at 5.25% was a relief for mortgage holders and fuelled optimism that the market could see an autumn pick-up.
We work with homebuyers, sellers and estate agents throughout Yorkshire and beyond, as well as with nearly every UK mortgage lender, across all price brackets.
Although it’s certainly true that the market has been more subdued during 2023, and especially in comparison to the furore that we’ve seen in recent years around the pandemic, it’s not all doom and gloom.
Around Harrogate and North Yorkshire there has been less of a slowdown than in many other parts of the UK. Homes here are still selling and from what we’re seeing, interest rates are having less of a negative impact the higher up the market you go.
We’re still working on high numbers of transactions in the local area and in the same way that it’s often when market conditions become sticky that a good estate agent really adds value, the same can be said for a premium conveyancing service.
Where some conveyancers pile it high and sell it cheap, but often with lots of hidden last minute add-on costs, our clients continually tell us that they value having a named point of contact, local offices that they can visit and crucially price transparency, which is especially true during more uncertain market conditions, when every penny counts.
A deep knowledge of the local market also means we can provide valuable insights into current conditions, helping clients make more informed decisions. Plus, in a slowing market, the risk of a property not selling or the deal falling through can be higher. We help clients minimise this possibility by advising on contingencies and contract terms, as well as identifying and addressing any possible hiccups before they arise.
Ultimately, in more testing market conditions, the role of a conveyancing firm becomes even more critical in protecting clients’ interests and achieving a successful property transaction. It’s often our expertise, negotiating skills and ability to manage risks that make a significant difference to our clients.
Find out why clients value Harrogate’s leading conveyancing solicitors at LCF Residential. Click or tap here to speak to the team and get a quote today.
Why LCF Law has lawyers you will like to work with
This story is sponsored by LCF Law.
Here at LCF Law, we are lawyers you’ll like to work with. With offices located in Leeds, Bradford, Harrogate and Ilkley, we are an established member of the Yorkshire legal community.
We support all our colleagues in their career development to maximise their potential. Whether it’s members of legal teams or support staff, we aim to meet colleagues’ aspirations for personal and career development and place great emphasis on training.
We have developed a series of pathways – guides to behaviours and conduct that direct colleagues to what is expected of them to reach the next level of their career progression with LCF Law. We recognise that supporting development gives strength to the firm while helping colleagues to meet their ambitions and aspirations.
At LCF Law we look after the wellbeing of all our colleagues whether physical or mental. We have 12 trained and accredited Mental Health First Aiders throughout the firm as part of that support network. We recognise the vital role that the team plays in the development of the practice and its importance in supporting colleagues careers.
Staff benefits and a prestigious award
To further support staff wellbeing, we provide a number of benefits including the Westfield Health cash plan, Westfield rewards, a 24-hour advice and health line, seven hours of paid wellbeing hours, Perkbox membership, a wellbeing hub and a full day off for your birthday. Happy lawyers are better lawyers. Colleagues who feel respected and appreciated better support their colleagues and our customers.
LCF Law celebrating being listed as a Sunday Times Best Places to Work.
In May 2023, LCF Law was recognised as one of the top employers in the UK after being named in the new Sunday Times Best Places to Work Awards. The prestigious award ranking index anonymously surveyed the opinions of employees from hundreds of businesses operating in every industry sector across the UK.
The Sunday Times 26-question survey was completed by 87% of LCF Law’s team. It measured employee experience using six key drivers – reward and recognition, information sharing, empowerment, instilling pride, job satisfaction and wellbeing. An excellent rating of between 84% and 89% was received in all six drivers
This is what makes us lawyers you’ll like to work with. Our colleagues are the core of LCF.