Assured Sale and Progression (ASAP) has launched a proposition guaranteeing no-sale, no-fee on all legal costs and disbursements, including searches.
The service reduces the average transaction time from sale agreed to exchange to 77 days on average – seven weeks faster than the industry average.
Having tested the proposition, the business is now rolling out the offer to all estate agents, IFAs and brokers in England and Wales.
Lester Hurst from Hunters Estate Agents said: “Working with ASAP Ltd we have seen our average transaction times fall to their lowest ever level, providing immediate positive results for our house sellers and buyers.
“The no-sale, no-fee searches proposition helps us protect our customer and gives us and our clients peace of mind that buyers won’t have to stomach any upfront costs.”
ASAP’s approach means that searches are ordered on the same day a homebuyer instructs one of their recommended solicitors and then will only pay for them if the purchase completes.
Across the market homebuyers are subject to £300-£500 up-front legal costs, including items such as searches, irrespective of whether their purchase completes.
With ASAPs offer these costs are only liable providing the sale goes through.
