Head of Sales and Operations
Transact with speed and certainty with our search data and insurance pack for conveyancers and cash-only clients.
5 minutes on...
the Cash Buyer's Market
Will the UK cash buyers market continue to increase?
How can conveyancers help prospective cash purchasers reduce risk?
Robin Wells, Head of Sales for OneSearch details how current trends are impacting the market, the importance of search data across all transactions, and what options are available to assist cash buyers diligence without sacrificing speed.
Cash Buyer Express fills a crucial gap in the market by providing peace of mind to property investors and non-mortgage purchases. The No-Search insurance policy will compensates cash buyers for the difference between the price paid and any loss of value resulting from previously unidentified issues.
Rapid Turnaround Time
With every residential property transaction, speed is of the utmost importance, especially with cash purchases. Our streamlined approach ensures lightning-fast results, providing cash buyers with essential information typically within 24 hours.
OneSearch is a leading provider of property data and search information to solicitors and conveyancers. Cash Buyer Express is designed to suit the demands and desires of the industry we know inside out, providing cash buyers with the necessary tools and insights to stay ahead of the competition.
OneSearch is the only company to hold a national database of most of the available local authority data on every property in England and Wales. With Cash Buyer Express, you'll be provided with up to 70% of the information you would normally get from a local authority.
...it's become quote a polarised market; the real dampening effect has come from an increase in the cost of debt, so the market has become much harder for mortgage buyers, and so we've seen a drop off, particularly in the number of home movers. First-time buyers have been a little bit more resilient, and there's been a drop off in mortgage buy-to-let activity.
But where we have seen more activity has been from Cash Buyers; they've increased their share, comprising about 46% of all transactions in April and that's up from around 34% in late 2022. So whilst that the activity dropped in other parts of the market, we've seen cash buyers remain pretty resilient.
Director, Residential Research, Savills