Commercial Property Owners to lose out on tax relief
According to capital allowances tax specialists Catax Solutions, commercial property owners are set to lose more than three quarters of a billion pounds in unused tax relief over the next few years. The 2012 Finance Bill will come into force on 1 April 2014. On this date all unclaimed capital allowances relief must be identified […]
Homeowners save £1098 per year
According to new research from property website Zoopla.co.uk owning a property instead of renting saves £1,098 per year on average. The average rental payment on a two-bedroom flat across the UK is £8,258 per year, £1,098 less than the cost of servicing a 5% interest-only mortgage on a similar property, which currently stands at £7,160 […]
Land Registration transactions data shows change at the top
The Land Registry has released the latest figures for those organisations that hold accounts with them, showing their activity for August 2013. Information relating to applications for transfers for value (i.e. an approximation of purchase activity) showed the number of total firms making applications fell only slightly from 4579 to 4389 between August 2012 and […]
Searches UK proudly sponsers ABS (up to 50 employees) award at Modern Law Magazine’s awards evening!
Searches UK, one of the leading providers of searches to UK conveyancing practitioners, were proud sponsors at the inaugural Modern Law Awards 2013 which took place last week in the truly exquisite surrounds of The Dorchester in London. The Awards were attended by some of the biggest, best and most respected law firms in […]
Further Expansion at Convey Law National Conveyancing Specialists continue to expand their legal team.
Convey Law, one of the largest specialist residential conveyancing companies in the UK, continues its expansion this year in hiring three new Conveyancers. The company, based in Newport, South Wales has enjoyed a successful year, comfortably growing their client and introducer base throughout the period. This latest recruitment drive follows a similar expansion earlier […]
Firms fail to secure insurance
According to the Law Society Gazette almost 70 firms have failed to secure indemnity insurance before the renewal deadline closed last Monday. Firms were given an additional five days by the SRA to inform them of their plans so this figure may have changed. Last year, 29 firms applied to go into the former assigned […]
Rowlinsons shortlisted for top award
Frodsham based law firm Rowlinsons Solicitors has been shortlisted in the Practice Management category at the Law Society Excellence Awards. The award is given to firms who hold the Law Society’s coveted Lexcel quality standard and show new and innovative ways of implementing Lexcel. Andrew Graves, Director, Rowlinsons Solicitors said: "We are delighted to be […]
Land Registry update: new paper applications procedures
On 1st October the Land Registration (Proper Office) Order 2013 came into place changing the process for paper applications. You will now be able to send your paper applications to an office based on your location, rather than that of the property concerned. This should simplify the process as you can send all applications to […]
SRA appoints new Chief Executive
The Solicitors Regulation Authority (SRA) has announced Paul Philip will join as their next Chief Executive on 1st February 2014. Mr Phillip is currently the Deputy Chief Executive and Chief Operating Officer of the General Medical Council, the regulator of doctors in the UK. There is he is responsible for over 1,000 staff and an […]
PC renewals deadline reminder from SRA
The SRA has issued a warning to that there are just 28 days remaining for firms and individuals to complete this year’s PC renewals exercise. They say that less than a fifth of the regulated community has created or submitted an application. The deadline for PC renewals is Thursday, 31 October. The revocation process will […]
CLC publishes business plan for next year
The Council for Licensed Conveyancers published yesterday its high level business plan to 2014, revealing that it will play to its strengths in property law. The business plan is designed to cope with the changing demands of regulating the sector whilst retaining a key focus on the organisations strengths. Chair, CLC, Anna Bradley said: “The […]
Estate agent predicts 10-15% increase in transactions
haart estate agents has predicted that the second phase of the Help to Buy scheme will cause a substantial uplift in the housing market. They believe that both first time buyers will ripple up the housing ladder helping to ease the log jam resulting from a shortage of property to sell that exists presently. Paul […]
Last chance to enter the Estate Agency Events Conveyancer of the Year Awards 2013
‘I think winning the award at an Estate Agency ceremony is particularly important because obviously we are serving not just the customer who is buying the house but also the agents to whom we feel we are part of the team as well.’ — Paul Fenton, Cunningtons Solicitors, winners 2012. Are you looking to increase […]
Mutual lending increases 32%
In August gross lending by mutuals increased 32% to £4bn, up from £3bn in August 2012. According to the latest figures from the Building Societies Association (BSA) gross lending by mutuals for the first eight months of the year stands at £26.1 billion, 30% higher than same period in 2012. One in three new loans […]
