CLC launches consultation in response to CMA recommendations
For recipients of legal services, clarity is important. Knowing what to look for when choosing a conveyancer is difficult for consumers, especially in a market which can be challenging to navigate. If someone is trying to decipher who would best meet their legal needs, they need to be able to compare options. As a legal regulator, ensuring that firms act in the best interests of consumers is vital to us. In the wake of […]
Just one in 300 overseas cash purchases trigger a red flag
According to a recent report, only one in every 300 property purchases by an overseas cash buyer triggers a ‘red flag’ with the National Crime Agency (NCA). This needs to be addressed according to anti-money laundering specialists, Fortytwo Data. In the year to March 2016, 26,400 homes were sold to overseas cash buyers in Britain, […]
Is the Government doing enough to provide additional homes?
The Tories have come under attack after it was revealed that Theresa May’s promise of a council house-building “rebirth” would only provide 25,000 additional homes over five years. Will this be enough to fix the drastic housing shortage? During the Prime Minister’s now infamous conference speech, Mrs May talked about the current housing shortage in […]
OneSearch Direct release groundbreaking two-part search with results from 24 hours
OneSearch Direct, the largest local search data company in the UK, has today launched a product that seeks to catapult the search industry into a new standard of higher efficiency, through the use of big data. OneSearch Duo is a new two-part Regulated Local search, which returns the majority of search results within just 24 […]
UK property market lacking momentum
The current property market is lacking momentum at a national level, according to a recent report. The latest RICS Residential Market Survey also predicts that this subdued picture is likely to persist over the coming months. The headline findings in the report indicate that: Both buyer enquiries and sales fell noticeably over the previous month […]
MP wants stamp duty switched from buyers to sellers
In advance of next month’s budget, Conservative MP John Stevenson has called for stamp duty to be paid by sellers. The idea, he believes, would help the Tories to re-engage with younger voters due to the beneficial effect on first-time buyers. Endorsing the idea in an article on the Conservative Home website, Mr Stevenson outlined […]
Transaction values falling in the London property market
A central London agent has said that the Government will have to address the woes of the housing market in the capital following gloomy reports from the property media.