Month: December 2018

Conveyancing

A Review Of The Conveyancing Sector In 2018

It seems like only yesterday that we packed away the decorations and made the treacherous post-Christmas trip back into the attic to house our festive paraphernalia until next year. Within the blink of an eye we are here again; suffocated by additional lights, decorations and overly vibrant Christmas jumpers. Now that you have sent your […]Read More

Fraud

Four SMEs Will Fall Victim Of Cyber Criminals Every Two

Cyber crime has the potential to cripple a business. Within the last year, data breaches have caused reputational damage to a multitude of businesses including British Airways, Morrisons and the NHS. Additionally, the legal sector has faced record financial losses through cyber crime and attempts to steal data through data breaches are at an all […]Read More

Conveyancing

Only 2% Of Private Renters Understand Their Rights

Despite the fact that a fifth of the UK population, or over five million people, currently privately rent in the UK, the majority of tenants are oblivious of their rights. According to a recent report of over 1,000 people, carried out by Just Landlords, almost all tenants are dangerously uninformed over their rights when it […]Read More

Conveyancing

Number Of House Hunters In November Hits Six Year Low

Within the property market, 2018 will be remembered for a time of uncertainty and the slow deterioration of property prices. The NAEA Propertymark housing report for November has corroborated other figures and statistics which suggest the market is struggling as December comes to an end. Although November and December are slow months as home buyers […]Read More

Fraud

HomeOwners Alliance Mail Distribution List Hacked

The HomeOwners Alliance have been reassuring the members of their mail list throughout this week following a cyber criminal hack to their Mailchimp newsletter distribution list. Instead of receiving their usual newsletter communication, the recipients were sent an unexpected invoice asking for a payment of £285 from the hackers. Although the system was hacked, and […]Read More

Conveyancing

Southern Buyers Prosper Most From Stamp Duty Exemption

Data released from HMRC has highlighted that Southern first-time buyers (FTBs) are more likely to benefit from Stamp Duty Land Tax exemptions because more northern properties fall below the £300,000 threshold set out in the November 2017 budget. HMRC had reported that 58,800 FTBs claimed first-time buyer relief (FTBR) in the third quarter of 2018. […]Read More

Conveyancing

Foreign Buy-To-Let Investor Market Shrinking

At the start of October, Theresa May used the Conservative Party Conference to announce plans to increase the Stamp Duty Land Tax on foreign buyers. The policy aims to increase the current additional tax from 1% to 3%. During the unveiling of the new tax, the Prime Minister claimed that 13% of London based homes […]Read More

Conveyancing

Home Ownership Aspirations Declining In Young Adults

In many ways advancements in technology has made the lives of young people a lot easier, better connected and well-informed. However, as house prices have escalated at a faster pace that wages have grown, acquiring a property has been a very difficult proposition. A recent study of 1,000 Brits, by MoneySuperMarket, has identified the modern […]Read More

Conveyancing

More Firms Looking For Specialist Regulation

In October, we revealed that three firms had taken advantage of the lapsed SRA indemnity insurance run-off requirement by moving from the Solicitor Regulation Authority (SRA) to the Council for Licensed Conveyancers (CLC). Conveyancing specialists Fidler & Pepper Lawyers, AV Rillo and Clutton Cox all made the move to the CLC, citing the specialist regulator […]Read More

Conveyancing

HMLR Hit With Widespread Digital And Phone Technical Issues

HM Land registry (HMLR) have boasted that their digital, holistic Local Land Charges (LLC) system will reduce official search times from “8 weeks to 8 clicks.” Unfortunately, the digital system that was supposed to avoid unnecessary and avoidable delays was blighted with ‘technical issues,’ disrupting its online and phone service for over 24 hours. Although […]Read More

Conveyancing

Conveyancing Firms Fall To Lowest Levels Since 2011

According to Search Acuman’s Conveyancing Market Tracker quarter three statistics, active conveyancing firms operating in England and Wales have fallen to their lowest levels since records began in 2011. In particular, the number of smaller conveyancing firms that are able to process and complete up to twenty-five cases per month have dropped by 10% in […]Read More

Conveyancing

Political Uncertainty Impacts Mortgage and Remortgage Completions In October

This week our nation has witnessed a Government in chaos; the Withdrawal Agreement vote in Parliament was cancelled which triggered a vote of confidence and a third of the conservative party in disagreement with their leadership. It is therefore little surprise that the property market continues to struggle amidst such overwhelming Brexit related uncertainty and […]Read More

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