House prices reach new record
The latest LSL house price index reveals average house prices in November have reached the record high of £238,839. Prices were up £1,400 from October and were up £11,219 from November 2012. Increases were seen across all regions of the UK for the second consecutive month. The survey predicts that by the end of the […]
JL Homes Ltd v Mortgage Express & Anor [2013] EWHC 3928 (Ch) (10 December 2013)
Introduction This case highlighted again the dangers of failing to properly grasp the issue of an appointment of an LPA Receiver and the failure to understand some basic principles under the Law of Property Act 1925 (“the 1925 Act”). The Judge Mr David Halpern QC observed “…The more times a thoroughly bad point is […]
Number of valuations up by a third
According to chartered surveyors Connells Survey & Valuation the number of valuations has increased by 33% from last year. This increase was despite a small dip in valuations during November. John Bagshaw, Corporate Services Director of Connells Survey & Valuation, said:“Despite a slight monthly dip, progress since the start of the year has truly transformed […]
How to sell your house this Christmas
According to a recent survey from Move with Us, 60% of estate agents believe it is twice as hard to sell a property during the Christmas period. As many as 23% felt it was three times as hard and 12% believed it was four times harder. Move with Us believe the best strategy is to […]
No season of seasonal lull in London
The London market has shown no sign of easing off for Christmas with sales up 2% in November from October and 56% year-on-year. According to the latest figures from Sequence, London continues to move at a faster rate than the rest of the country with sales nationwide seeing a 32% year-on-year increase and 1% from […]
Supply problems continue to plague market
The imbalance between supply and demand continues to have a market impact on the market with 38% less properties available than in December 2007. The latest Asking Price Index from www.home.co.uk raises concerns about what continued levels of high demand and low supply will mean for the market in the coming months. Lack of supply […]
Convey Law Cap Successful 2013 with National Award
National Conveyancing specialists Convey Law have capped a hugely successful 2013 by collecting a coveted Sunday Times Conveyancer of the Year Award. 2013 has been a fantastic year for the South Wales based residential conveyancing specialists in which they have achieved the Legal Eye Quality Standard and been awarded the Alterative Business Structure (ABS) status […]
Ikbal v Sterling Law [2013] EWCH 3291 (Ch)
In the latest s.61 case, a firm of solicitors was found to be in breach of trust for parting with funds to criminals without effective completion. The Claimant (I) instructed Sterling Law (S) to act for him on the purchase of a property for £350,000. The transaction proceeded normally until, without any express agreement, S […]
Never a dull day in the 2013 conveyancing year
Stephen Murray, Business Development Director at PSG, talks us through the news and events that have impacted on our sector throughout the year. Well what a year 2013 has been for our sector. The housing market showing positive signs of recovery and growth, whilst most welcome, has only been one chapter in the story. A […]