Agents struggling with high rise properties after conveyancers pull plug

Rob Hailstone, chief executive of Bold Legal Group, says: “The Act is understandably worrying and confusing conveyancers with some not acting on leasehold properties as a result. Many chains will have a leasehold property within the transaction that is impacted by the Act, so this could result in the entire chain being negatively affected if there is a delay. Based on what I have seen, I think the coming months will see more and more transactions almost grind to a halt or collapse completely.”

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