X-Press Legal Services is announcing a bumper year at the end of 2020 despite the pandemic, as it pivoted to keep property sales moving during the pandemic.
X-Press Legal Services has a national network of 26 offices providing over 500 solicitors and conveyancing professionals with a complete range of property searches and reports. The firm acts as a ‘barometer’ for housing market activity when a solicitor is instructed on a property purchase and searches are requested.
The housing sector was one of the first to be hit by the lockdown announcement in March 2020 with property viewings and valuations having to switch to virtual and online as face-to-face contact was disallowed. However, X-Press saw a 40% increase in instructions year on year in July as the property market reawakened as lockdown laws were relaxed.
This aligns with the legal sector recording its second-highest July revenue figure on record as it continued to recover from the impact of COVID-19, according to data from the Office for National Statistics.
Lynne Lister, Managing Director at X-Press comments: “Nobody expected the events of 2020 but as an agile business we had already anticipated the move to more secure online processing of property search transactions as the housing market and conveyancers embrace new digital technology.”
X-Press flexed its conveyancing search technology adding secure remote onboarding and identity checks to its existing ICOS platform to keep the home buying process moving – albeit remotely. The firm is also the only property search firm in the UK to have achieved the government backed Cyber Essentials Plus accreditation, the highest standard achievable following assessment of their systems and procedures against cyber-attacks.
Lynne Lister, Managing Director at X-Press comments: “I’m incredibly proud of our hardworking teams across England and Wales, who have worked continuously during the lockdown to meet the demands of a pent-up property sector.
“We expect a busy start to 2021 as more home buyers flock to make Stamp Duty savings early in the New Year and will be working closely with our conveyancing clients to process these as efficiently as possible.”