Coventry Building Society trial paperless mortgages and conveyancing with Land Registry and enact
Customers of Coventry Building Society have been amongst the first to use a new entirely digital conveyancing and mortgage system developed by enact and Land Registry. A small number of borrowers began using the system which includes legal online mortgages which are signed online before being made effective and submitted electronically for registration. The system […]
Estate agents fees rising faster than all other costs of moving except stamp duty
The average fee paid to estate agents has increased by a huge 60% since 2005. According to a survey by Post Office Money, the average fee paid to an estate agent is now £5,697. In the same period, the cost of a survey has risen 34% from an average of £470 to £627, with the […]
Number of transactions rebounds from sluggish April but could be feeling pre-referendum chill
There were 84,300 transactions for homes worth more than £40,000 in May according to HMRC, up by just short of 10,000 from April. The number of transactions is still significantly behind last May, which some are blaming on the upcoming EU membership referendum. However the effect of the referendum may be less than is evident […]
Understand new Guidance to protect your clients, warns leading drainage Barrister
Commercial lawyers gathered in the newly refurbished Salters’ Hall in Central London on 9th June to find about Sustainable Drainage Systems (SuDS), their priority within the latest drainage guidance and the implications for their clients’ redevelopment sites. Chaired by Stuart Pearce, Managing Director of GeoSmart, the seminar was opened by Dr Paul Ellis, our Innovation […]
SearchFlow comments on HMRC’s Property Transaction Data
HMRC transaction data reveals the number of residential property transactions increased by 1.5% between April 2016 and May 2016. The month’s seasonally adjusted figure is 11.9% lower compared with the same month last year. Greg Bryce, Managing Director at SearchFlow, comments: “Despite the modest growth this month and a decline when comparing this time last […]