By Legal Futures’ Associates Teal Compliance
We are heading towards the end of our first month in lockdown with more to come. The impact of Covid-19 on the property market has already been felt across the country with many transactions failing and many more being put on hold.
Some people predict that, going forwards, we may face cyclical lockdowns, or phased relaxing of the rules. If this were to happen then what will it mean for conveyancing? What risks
should we be considering, and how do we mitigate these risks?
One of the main unanswered questions currently is what happens post–furloughing? With an average timescale for conveyancing of five months, we face a ‘danger-zone’ where firms will be expected to continue to operate and progress transactions after financial support from the Government is withdrawn, but before transactions re-start to complete and therefore cashflow returns.
Teal will be running a free Webinar on Thursday 23rd April 2020 at 12pm-1pm with Amy Bell and Teal’s Sally Holdway. Sally is a LawTech Strategist and Director at Teal Legal, our R&D division.
Amy and Sally will be taking a detailed look at the impact of Covid-19 on the property sector over the short, medium and long term and will be discussing strategies which firms can be putting in place now to help them navigate these difficult times ahead.
The Webinar will cover areas including:
- Current predictions of what the property market will look like for the rest of 2020 and beyond, both in the UK and the rest of the world;
- The stress points within the current conveyancing process and how Covid-19 will impact these;
- The steps which can be taken to get completions and cashflow in conveyancing departments moving again.
Places are limited and can be booked here: