The residential platform has launched Spaciable Legal to accelerate the conveyancing process and cut completion times by more than a quarter.
Created in partnership with completion platform WeComplete, Spaciable Legal takes conveyancing online, offering buyers a single platform where they have access to each stage of the process, thereby minimising what can be costly delays.
Queries, quotes, anti-money laundering checks, contract exchanges and payments can all be stored and accessed on the platform. With in-built automation, the platform offers instant title information and a quicker return of searches to fast-track conveyancing from start to finish.
Spaciable said the software has enabled cases to complete on average 28% faster than the national average, with many taking as little as 28 days, and reduced fall-throughs by 75%.
David Graydon, managing director of Classic Folios, the company behind Spaciable, said: “With the risk of sales not being completed by the stamp duty deadline and the pandemic highlighting the need for conveyancers to digitalise their processes, Spaciable Legal was created as an effective solution to relieve some of the strain that the housing market is facing in these challenging times.
“The platform provides both housing providers and customers with an optimal five-star customer service experience at a time where face-to-face interaction can be difficult to achieve, offering everything required for a seamless journey at their fingertips. Our partnership with WeComplete will strengthen our offering and we look forward to helping developers speed up their reservation to completion process.”
The addition of Spaciable Legal bolsters the platform’s digital concierge style service for the residential customer journey. Spaciable provides services for both property professionals and residents, with specific features for homeowners, landlords and tenants, estate and managing agents and developers. The platform holds plot-specific data and support features, including a bespoke document library, FAQs, articles, email updates and a key contact directory.