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Your Conveyancer reports sales rise

  • 30/06/2008
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Scottish conveyancing firm Your Conveyancer has reported a 24% increase in new instructions for residential sales, purchases and remortgages for the first quarter of 2008 compared to the same period last year.

The figures have been released by Your Conveyancer – formerly known as PSM Direct – to coincide with the announcement of its new name and a £150,000 investment in its technology development programme.

Your Conveyancer, whose clients include Nationwide, Abbey and HBOS, also reports that the number of cases completed during the first quarter had increased by 17% compared to the first quarter of 2007. This activity has resulted in turnover for the first quarter of 2008 up 6.7% with an 11% increase in profit.

Kyle Peddie, chief executive of Your Conveyancer, said its growth in the first quarter of this year was thanks to investment in technology which has made its business much more capable of handling a higher volume of transactions more effectively and efficiently. He explained: “Despite the downturn in the economy, the number of transactions we are processing – particularly in remortgage business – is well up on previous months, as consumers look for better offers and move on from long term fixed price deals.”

Your Conveyancer will differentiate itself in the marketplace with the launch of new, more advanced, online systems enabling lenders, other institutional clients and their customers to track cases online and obtain other online services via a secure file share.

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