First-time buyers hit seven year high
First-time buyer sales have climbed to their highest since the economic recession, according to new figures. July saw the number of first-time home buyers reach 30,000, which is the highest since August 2007 and a quarter more than 24,100 a year before. The data also revealed that the average first-time buyer deposit fell ten per […]
Property transactions decrease
Property transactions decreased from June to July, according to the HMRC’s property transaction report. The provisional seasonally adjusted UK property transaction count for July 2014 was 101,190 residential and 9,330 non-residential transactions, a decrease of 1.3 per cent on the seasonally adjusted estimate of the number of residential property transactions. However, the month’s figure is […]
Legal Services Board approves 2014/15 funding requirements
The Legal Services Board (LSB) has approved the regulatory funding requirements for 2014/15, including practising fee levels. The coming year’s individual fees have been set at £320, down £64 from £384 for 2013/14, while firm’s practising fees are dependent on turnover. The Compensation Fund contribution, paid by those that hold client money, will reduce from […]
House starts see zero per cent change
Seasonally adjusted house building starts in England have seen a zero per cent change in the June quarter and are at estimated at 36,230, according to the house building figures released by the Department for Local Communities and Government (DCLG). However, the figures revealed there was some growth on an annual basis, with the seasonally […]
Chair of Legal Services Consumer Panel on providing open data
The chair of the Legal Services Consumer Panel, Elisabeth Davies, has released her latest blog post, where she talks about the commitment of organisations to ‘providing open data and putting a core and reusable set of minimum data in the public domain.’ Here is the blog in full: Back in April I wrote a blog […]
Land Registry and Ordnance Survey set out policy on boundaries
A policy paper released by the Land Registry and Ordnance survey has outlined the key roles each organisation plays in displaying and indicating land ownership through boundaries. The Land Registry’s role has been set out as ‘showing the extent of the land in a registered title by a red line on the title plan. Where […]