Auction Sellers to receive full legal packs for auction with no upfront costs
Online auction platform LetsBid Property has partnered with conveyancing and legal solutions provider Movin Legal to provide estate agents with full legal packs with no upfront costs.
This aims to help speed up property transactions.
Movin Legal has developed a bespoke referral platform, allowing agents partnered with LetsBid to order a complete legal pack, so that their vendors can achieve a quick auction sale. The portal allows agents to do everything online, and provides real-time updates for the referrer.
Milton Rodosthenous, founder of LetsBid Property, said: “We’re always looking for ways to innovate and add value for our partnered agents.
“More importantly, we listen to what our agents want and have subsequently partnered with a leader in this space to help our agents obtain legal packs with no upfront costs.
“This will help agents to secure committed buyers for their clients.
“One of the biggest obstacles agents using our platform have encountered is asking vendors to part with hundreds of pounds to obtain a legal pack to sell via auction. We have now solved this problem.
“Not only do we continue to offer a free service for our partnered agents, we also do not charge any buyers’ fees, with our partner agents being remunerated by vendors.
“We are also in the latter stages of developing a canvassing tool for the residential auction market to help our agents attract listings which we hope to launch in the coming months.”
John Ahmed, CEO of Movin Legal, added: “This new offering will utilise Movin Legal’s easy-to-use online case-portal management, fast service systems and processes.
“Our instinctive processes and inventive technology allow us to provide estate agencies with the ability to offer a seamless conveyancing service that meets client expectations.
“The new conveyancing service for LetsBid agents will include dedicated case chasers, who will help safeguard a seamless home move while providing an efficient service.
“Here at Movin Legal, we work with all professional introducers including estate agents and mortgage intermediaries, delivering conveyancing services to thousands of satisfied clients every year.”