iamproperty has launched a new conveyancing service that it hopes will lead to speedier property transactions.

The new conveyancing option is available within iamproperty’s movebutler solution, and is designed to ensure properties are exchange-ready faster.

The new service will enable agents to gather all legal information upfront and address standard enquiries earlier in the process.

Ben Ridgway, co-founder at iamproperty, commented: “There is now no reason why an agent should see drawn out transaction times on any sale, which ensures happier customers, more repeat business and a much more efficient business model.

“With our exchange-ready premium conveyancing service, all the legal information, including a pre-sale title check, legal searches review, and raising and addressing standard enquiries are completed upfront, minimising unnecessary delays and helping to reduce the chances of a sale falling through.

“We anticipate that this will be a very welcome update as consumers are becoming more aware of the value of material information. Our own research found that 92% agree that having material information provided upfront would greatly improve the home moving experience.”

An 18-month pilot was conducted involving several estate agents who executed over 150 sales, with a typical completion being delivered in 79 days, according to Ridgway.

He added: “From day one, our mission has been to modernise the property market by pioneering new methods and bringing much-needed speed and security to the industry. We’ve dominated the Auction market over the last 15 years, seeing agents and consumers benefit from faster and more secure transactions partly down to the provision of comprehensive Auction Packs with more information upfront. This helps agents get paid quicker with exchange-ready clients.

“It’s been a huge goal for us to bring these benefits to the wider sales market to give all parties the best possible chance of a speedier, smoother, more successful sale. Now, with the upcoming change to the stamp duty threshold, there’s more pressure to complete sales so that buyers can secure the current rate and savings.

“If a vendor’s circumstances aren’t quite right for Auction but speed and security are still important to them, our exchange-ready Premium Conveyancing can offer them a solution. We’re constantly developing our ecosystem of solutions to help agents stay one step ahead.”