Conveyancers urged to prepare for challenging times ahead
Conveyancing firms are warned to ‘prepare for the worst’ with a significant fall in work volumes expected with the predicted economic crash imminent. An ‘advisory note’ has been issued by the Council for Licensed Conveyancers (CLC) recommending that the firms it regulates should get ready for a 40% fall in property transactions and stress test their businesses. The changes in the economy, which remind us of the Global Financial Crisis in 2008 when deals fell by nearly half, mean that conveyancers are likely to see…