Small Conveyancing Firm of the Year 2018

Winners of the prestigious award for Small Conveyancing Firm of the Year 2018

Gaddes Noble Property Lawyers are very proud to announce that they have won the prestigious award for Small Conveyancing Firm of the Year 2018.

The LFS Conveyancing Awards are the largest and most prestigious event in the conveyancing calendar.  At this national event, over 700 solicitors, licensed conveyancers and conveyancing professionals enjoyed an evening of entertainment, a three course gala dinner and a nervous wait with other finalists to see who would be crowned winners.

Small Conveyancing Firm of the Year 2018

The award that we have won was available to all Small Conveyancing Firms. It gave us the opportunity to enter for offering a first class service but without having the large marketing budgets of our larger rivals and to compete against each other on a level playing field.

The judging process was over five stages and comprised of:

  1. Completion of an application so that the judges could make an initial assessment.
  2. A mystery shopping exercise to obtain a conveyancing quote. This process was scored on both the quality of the phone call and the subsequent quote pack that they received.
  3. A compliance check undertaken by Legal Eye. They requested several documents and policies and a score was given to each firm.
  4. A telephone interview by one of the judges.
  5. Shopper Anonymous undertook a client survey based on a net promoter score.

Managing Director, Lee Gaddes, commented ‘to win this highly acclaimed award is an honour and a testimony to our fabulous conveyancing team.

We all enjoyed the evening with our fellow finalists in Birmingham and never expected to win. The award now takes pride of place in our reception area in our offices in Huddersfield and will be our benchmark for the years to come’.

Small Conveyancing Firm of the Year North win 2018

Gaddes Noble Shortlisted Small Conveyancer of the Year

Shortlisted for the prestigious award for Small Conveyancer of the Year 2018

Gaddes Noble Property Lawyers are very proud to announce that they have been shortlisted for the prestigious award for Small Conveyancer of the Year 2018.

The LFS Conveyancing Awards are now in their seventh year and are the biggest and most prestigious event in the conveyancing calendar.

The award that we have entered was available all Small Conveyancing Firms. It gave us the opportunity to enter for offering a first class service but without having the large marketing budgets of our larger rivals and to compete against each other on a level playing field.

We have been part of a five-stage judging process, comprising of:

  1. Completion of an application so that the judges could make an initial assessment.
  2. A mystery shopping exercise to obtain a conveyancing quote. This process was scored on both the quality of the phone call and the subsequent quote pack that they received.
  3. A compliance check undertaken by Legal Eye. They requested several documents and policies and a score was given to each firm.
  4. A telephone interview by one of the judges
  5. Shopper Anonymous undertook a client survey based on a net promoter score

Managing Director, Lee Gaddes, commented ‘to be shortlisted for this highly acclaimed award is an honour and a testimony to our fabulous conveyancing team.  We are all now looking forward to attending the awards dinner later this year in Birmingham’.

Blockchain and bitcoin property transaction

Blockchain and Bitcoin, the Future of a Conveyancing Transaction?

Blockchain and Bitcoin

Blockchain

A continuously growing list of records called blocks which are linked and secured using cryptography.

Bitcoin

A worldwide cryptocurrency and digital payment system called the first decentralised digital currency.

A property lawyer is responsible for millions of pounds of client money each year ensuring funds are protected and then transacted to complete a property transaction.  The current payment process is through our banking system in the UK mainly using the CHAPS method of payment.

Will what we do and how we transact be revolutionised by blockchain technology?

The simplest way to explain the technology is thinking back to when HTML became the visible layer of the internet allowing it to be navigable and appealing to non-engineers.  Blockchain technology is similar to HTML and will become the invisible piece of software behind highly trusted transactions like the ones we transact every day in conveyancing.

In October 2017 a dentist based in Swansea was the first property buyer in the UK to exchange contracts digitally in a process which its promoters claim has the potential to remove the need for solicitors in transactions. The buyer acquired a £700,000 commercial property in Trowbridge in an online deal secured by blockchain digital encryption technology.

Blockchain is also being investigated by law firms and insurers as a way of creating ‘smart’ contracts, the terms of which are activated automatically on receipt of trigger information. Blockchain could transform the process by securing all details of the transaction in a tamper-proof form.

So blockchain is potentially a game changer and we are closely monitoring its development and its implementation worldwide.  Anything that will make the conveyancing process more efficient is a win-win for the client and the solicitor.

A legal title will still need to be checked and searches will still need to be carried out, but this may eventually be undertaken at the very outset when a property seller is ready to put their house on the market. A digital file would be created and verified without the need for a property lawyer to check it several weeks into a transaction being instructed.

Payment using Bitcoin

In terms of payment, many people worldwide hold Bitcoin as a digital currency and they exchange Bitcoin for other currencies, products and services.

Bitcoin could be used to purchase a property.

In September 2017 a property seller in Dubai listed the first property development ever to be offered for sale using the virtual currency.

The discussion around blockchain and bitcoin will continue and considering the government’s current consultation on improving the home buying and selling process, if greater efficiencies can be created whilst saving time and reducing costs, this can only be a good thing.

At Gaddes Noble Property Lawyers, we will embrace all positive changes and technological enhancements ensuring that cost savings are passed directly to our clients.

Buying or Selling a Property at Auction

Buying or Selling a Property at Auction

Property Auctions give buyers and sellers a different way to buy or sell a property.  There are two methods available and here we discuss both, with our comments on the legal side and the legal implications of each method.

The Modern Method/Online Auction

This is a popular way of selling a property and is often termed as the ‘Modern Method of Auction’.

This is conditional when an offer or winning bid has been accepted.  A buyer pays a fee of usually 3.5% or £5000 to secure the property and then the buyer has 28 days to exchange contracts and often a further 28 days to legally complete.

Traditional Method

This is also a popular method of selling a property and is often termed as a ‘Traditional Auction’.

This is unconditional so when the gavel goes down, contracts are exchanged at the auction and in the contract, there is a legally binding completion date, usually 28 days later.

However, we have seen contracts exchanged unconditionally at auction with a completion date only 14 days later, this is often when the seller is a mortgagee in possession.

Selling a Property at Auction

We prepare the auction pack for both methods of auction.

Our work on your behalf work does not alter whichever method you choose.

We ask you to fill in a Fittings and Contents Form and a Property Information Form, we also ask you for any guarantees/warranties and any other documents that you have regarding the property.

For registered land we download your title deeds from Land Registry and prepare the contract for sale.

In an auction pack the seller provides the searches so we also ask you for search fees so that we can obtain searches in advance on your behalf.

Once we have prepared the auction pack we usually upload the pack electronically through your providers portal together with providing all parties (buyer’s solicitor, agent and client) copies by email.

Our pre-auction service does not stop there.

We are available by telephone and email to answer any questions that any prospective purchaser may have and any questions that may arise from a buyer’s solicitor reviewing the auction pack.

Once the property has sold at auction we see the conveyancing through to completion.

Buying a Property at Auction

If you see a property at auction that you would like to purchase, we would happily review the auction pack documents on your behalf and have a detailed discussion by telephone appointment or face to face meeting.

We do not charge for this service on the basis that we would charge you a normal fee for your conveyancing if you are successful with your bid at auction.

Please feel free to contact us prior to choosing to sell or buy at auction.

We are familiar with both methods and we have acted for many clients with different scenarios and needs.

We have acted for clients selling and buying residential and commercial properties at auction and we have also acted for clients buying at selling land at auction.