Month: January 2016

Conveyancing

Law Society sets out five year vision for Legal Services

The Law Society has published a report outlining how it sees the legal profession changing between now and 2021. The report titled “The Future of Legal Services” outlines five drivers of change: global and national economic developments; how the public and corporate clients buy services; technology and process innovation; new entrants and wider political agendas. […]Read More

Conveyancing

Price rises accelerate despite winter slowdown

House prices increased 1.2% from November to December according to Land Registry’s House Prices Index (HPI). This marks an acceleration from November’s month-to-month increase of 0.4%. The rise puts the average house price in England and Wales at £188,270, up 6.4% on twelve months ago. Regionally, prices in the capital rose fastest, up 2.1% and […]Read More

Firms & People

Convey Law look to expand staff with 25 new trainee

Specialist conveyancing firm, South Wales-based Convey Law are set to expand with openings for 25 recent law graduates and paralegals looking to become conveyancers. The Newport-based company was recently voted “one to watch” in the Sunday Times Best Companies to Work For in 2015 and also recently received the Gold Investors In People accreditation. The […]Read More

Fraud Technology

Cyber insurance & social engineering loss

Cyber security has become an increasingly important discussion point for those responsible for managing risk within legal service providers over the past twelve months. With more and more publicity surrounding the vulnerability of technology, risk averse firms are increasingly resorting to cyber liability mitigation and insurance products as a key component of their risk management […]Read More

Organisations

CML lenders handbook updated

The Council of Mortgage Lenders have updated their handbook from 1st February. The update is to clause 10 of the Lenders’ Handbook is “designed to reflect the introduction of a requirement, as the result of the Mortgage Credit Directive, for mortgage customers to have a ‘reflection period’, of at least seven days before accepting a […]Read More

Environment Firms & People

New partnership provides risk assessment solution to tackle UK’s ground

Terrafirma Mine Searches Ltd (Terrafirma) and Geoterra Ltd have announced a new partnership to extend their mine and mineral extraction search and investigation services to the UK’s property and construction sectors. Terrafirma, experts in mine and mineral extraction search reporting and Geoterra, industry leaders in subsurface laser scanning surveys of voids, cavities and sink holes, […]Read More

Property Market

Target for housebuilding missed by nearly 25%

7% more houses were built in 2015 compared with 2014 but totals are still well below government targets for housebuilding, according to the National House Building Council (NHBC) In total, 156,140 new homes were registered last year according to the NHBC’s annual statistics, far short of the overnment’s own 200,000 target. Despite rocketing property prices […]Read More

Fraud

Conveyancing cybercrime – Are you as safe as houses?

Cybercrime among conveyancing transactions is on the rise, with fraudsters using ever-more sophisticated ways to trick unsuspecting house buyers and even professional conveyancers out of hundreds of thousands of pounds. Conveyancing is seen as a lucrative target by criminals, as intercepting just one transaction can reap high rewards. The main activities used against conveyancers and […]Read More

Property Market

Mortgage approvals up 24% for December, say BBA

The number of mortgages approved in December was 24% higher than the same period a year ago, according to data published by the British Banking Association (BBA). The report also states that mortgages for house purchase are up 19% and remortgages up 31%. The data also states that the use of credit cards decreased, with […]Read More

Property Market

House prices up 0.3% in January, say Nationwide

House prices have increased by 0.3% this January, according to Nationwide’s House Price Index. It marks the seventh consecutive increase according to the building society’s estimates and puts their estimate of the average British house price at £196,829. The pace of growth has slowed, however with growth hald a percent down on December’s 0.8%. Commenting […]Read More

Organisations

Payment Systems Regulator brings in new Head of Policy

The Payment Systems Regulator (PSR) has appointed economist Paul Smith as Head of Policy. Paul Smith has previously worked at Ofgas (Now Ofgem) beofre moving to Postcomm (Now Ofcom). He was recently Chief Executive of the Australian Energy Market Commission (AEMC) having been promoted from the position of Senior Director, Strategy and Economic Analysis. He also […]Read More

Firms & People

Blackstone Solicitors appoint new Commercial Property Partner

Cheshire-based property and litigation firm, Blackstone Solicitors, have appointed Nick Jackson as Commercial Property Partner.Nick Jackson has previously worked at Halliwells LLP and Myers Lister Price Solicitors over his 13 year career which has included sales, purchases, site set-ups, lettings secured lending transactions, retail and student accommodation. According to Blackstone, “Nick specialises in working for […]Read More

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