Change in Government policy creates conveyancing risk.
SearchFlow last week reminded conveyancers that on the 30 June 2013, the ‘Statement of Principles’ between the Association of British Insurers and the Government, which commits insurers to continue to provide flood insurance under certain scenarios, is being withdrawn. This could leave property worth £214bn uninsured and potentially uninsurable. Should this happen many home owners […]
Large conveyancers increase their market share by 1/3 in 2011.
The impact of the continued pressure on conveyancers in 2011 is starkly revealed in statistics from Land Registry. Comparing the number of transfers for value registered by account holders at Land Registry there were 1299 fewer firms making applications in 2011 compared with 2010. So whilst there are over 10,000 solicitors practices and 700 licensed […]