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In this insightful CPD session, Megan delves into the critical topic of "When Buyers Fail to Complete: Managing Legal, Financial, and Reputational Risk in Residential Conveyancing." Key topics covered in this video include: - **Understanding Buyer Failures**: Learn about the alarming statistics of post-exchange failures, where around 1 in 2,000 transactions collapse, and the profound impact this can have on sellers who have already committed financially to onward purchases. - **Legal Consequences**: Explore the remedies available under the standard conditions of sale, including the notice to complete and the potential for retaining the buyer's deposit. Understand the complexities of pursuing damages and the limitations of specific performance. - **Financial Risks**: Gain insight into the cascading financial implications a seller faces due to a buyer's failure, including lost costs, potential lower resale prices, and the emotional toll involved in starting the sale process over. - **Reputational Impact**: Discover how a buyer's failure can affect your standing as a conveyancer, even when you have executed your responsibilities correctly. Proactive communication is emphasized as a key strategy for managing client expectations. - **Mitigation Strategies**: Familiarize yourself with emerging products designed to protect sellers from financial loss, including sale guarantee options that ensure sellers receive their full sale price even if the buyer defaults. By the end of this session, you'll be equipped with actionable insights on how to effectively manage the risks associated with buyer failures, enhancing your client's experience and your professional standing in the process. Join us to fortify your understanding of these critical issues in residential conveyancing.https://143603494.fs1.hubspotusercontent-eu1.net/hubfs/143603494/clozesure-cpd-1-conveyancers.mp41181nono2026-06-10https://www.clozesure.com/meet-the-team/stuart-newton-tyers2026-04-07