Although the majority of lawyers fear their property finance knowledge is out of date, more than a third have failed to partner with advice firms to help solve the problem, according to research by Key Partnerships.
More than two-thirds (71%) of lawyers worry their knowledge of expanding property finance options is out of date, while nearly half (49%) fear the advice they are being asked for goes beyond their core expertise. Despite their worries, two out of five (39%) admitted they do not work with financial advice firms on mutual clients. The research found lawyers are coming under increasing pressure for advice on property finance. More than half (51%) of the 103 respondents said inquiries about using property to boost retirement income has grown in the past year, while slightly less (47%) sai...
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