Rise In Homemovers For The First Time In Three Years
The number of people moving home has risen in the first half of 2019, despite deposits remaining at record highs. The research by Lloyds Bank found that there were 160,540 homemovers in the first half of 2019, up by 810 (1%) compared with the same period in 2018. The number of first-time buyers increased at […]
Expert Comments On Contracting PII Market And Law Firm Implications
The second largest global insurance broker, Aon, announced their partial withdrawal from the Professional Indemnity Insurance (PII) market this summer leading many to speculate on the future of the insurance market for solicitors. Aon’s Maven scheme, providing PII for smaller law firms with between one to three partners, will not renew policies when they end […]
Public Call For Downsizing Stamp Duty Exemptions
Swathes of the population are calling for the Government to offer more incentives which would entice older homeowners to move and ultimately free up vast quantities of family homes. 44% of respondents believe that more help should be offered older home movers, according to recent research from McCarthy & Stone. The UK developer, specialising in […]
Safeguard Client’s Money In Conveyancing Transactions
Friday 30th August is expected to be the busiest day of the year for conveyancers as over 6,500 Brits are expected to move home on that day alone. Cyber criminals will prey on firm’s vulnerabilities in the hope that the stresses and excitement of this particular day will distract conveyancers enough to intercept emails and […]
Our New Today’s Family Lawyer Publication Has Launched!
Are you a professional working in the family law sector? Following the success of our other Today’s publications, Today’s Wills and Probate, Today’s Conveyancer and Today’s Legal Cyber Risk launching last year, Today’s Family Lawyer aims to inform the family law sector about the changes that are happening in the market and to be a […]
Bank Of Mum And Dad 11th Largest UK Mortgage Lender
The Bank of Mum and Dad (BoMaD) are now the 11th largest mortgage lender in the UK, eclipsing the Help to Buy schemes in helping younger buyers gain a foothold on the property ladder. In total, the BoMaD will lend almost £7 billion to potential homeowners this year, a 10% increase on 2018 despite the […]
Government Pledge To Help Lower Income Families Purchase Property
The Housing Secretary has announced plans to stimulate home ownership amongst lower income households through a number of reformed measures. The Government has pledged to reform the shared ownership model, allowing for buyers to step up in 1% increments as opposed to the current model which restricts buyers to purchasing a minimum of 10% at […]
Searches UK Announced As Gold Sponsor Of LFS Annual Awards
Searches UK is delighted to be a Gold Sponsor of the 2019 Law Firm Services Conveyancing Conference, which takes place in September. Now in its eighth year, the LFS Conference is the largest, most respected and most prestigious event in the conveyancing calendar, featuring innovative ideas, exhibitors and speakers from business and media who will […]
Persimmon Settle Cardiff Development Mis-Selling Accusations
A major UK house builder was put under the microscope this weekend, accused of mis-selling leasehold property to their customers. Persimmon reached an out of court settlement with their customers in a Cardiff development after it emerged the company failed to adequately inform the buyers they were purchasing a leasehold property. Homeowners in the St […]
Scottish Property Transactions Flourish Whilst UK Flounders
Whilst many areas of the UK property market flatten, Scotland’s market is flourishing with transactions reaching an 11-year high. Despite the impending Brexit deadline of 31 October, research, conducted by Aberdein Considine’s quarterly property monitor, found that the opening half of 2019 has been the most buoyant property period since 2008. The 25,806 sales completed […]
54% Of House Hunters Say Private Garden Is A Must Have
The number one priority for UK house hunters is outdoor space, for both leisure and practical purposes, followed by a parking space. Hard landscaping manufacturer Marshalls asked 1,000 people for the most important features they look for when deciding on a new property. Over half of respondents said that a private garden was the most […]
Webinar: Why choose the Groundsure Avista?
Geodesys are holding a free webinar, ‘Why the Groundsure Avista report saves you time and money on every transaction.’ In this webinar we will explore the content and added value provided by the Avista report and will discuss how Avista keeps your transaction moving faster with Avista Action Alert, combined with clear navigation, layout and […]
Thirdfort And Lawyer Checker Join Forces
Industry leading risk tool Lawyer Checker is delighted to announce a tie up with ID and source of funds provider Thirdfort. From this week Lawyer Checker customers will be able to access Thirdfort’s next generation client verification app directly from their account. Launched in April 2019, Thirdfort’s first product has made waves in the industry, […]
Homeowners Downsizing To Help Offspring Get On The Property Ladder
Recent research has found that home owners are more likely to spend their extra cash getting their kids on the housing ladder, rather than supporting them through education. The full service estate agency Yopa conducted a survey of 1,000 homeowners aged 55 and over. The survey found that only 6% would use the money from […]
Government Invest £600 Million In New Build Infrastructure Projects
£600 million has been promised to support the building of 50,000 new homes and the infrastructure to support them by the Chancellor, Sajid Javid. The money will help fund five new projects in London, Bedfordshire and Essex which are considered areas of greatest housing need. The fund will help to secure the infrastructure in places […]
Potential Property Fraud Crisis in the UK
Research has found that the UK Land Registry receives twice as many property fraud claims that they are able to prevent. Property fraud is a serious ongoing issue in the UK, with millions lost each year. ABC Finance have looked at a freedom of information request into the UK Land Registry and have found that […]
Inbound Enquiries To Skyrocket Tomorrow
Conveyancing departments need to prepare for their most chaotic week with tomorrow set to become the busiest communication day for inbound enquiries to law firms. Call volumes will increase by 10% on the day following a bank holiday with consumers eager to discuss their home move, according to Moneypenny. The data looked at the Tuesday’s […]
Conveyancers Warned Of Impersonation Fraud Invading The Sector
Multiple legal regulators have warned that impersonation fraud and spoofing using highly detailed and sophisticated social engineering techniques is rife in the legal sector at the moment. In the past week both the Council for Licensed Conveyancers (CLC) and the Solicitors Regulation Authority (SRA) have sent out scam alerts warning firms to be on the […]
10% Conveyancing Dip Blamed On Brexit
Recent figures show that Brexit is plaguing the conveyancing market, as the UK is experiencing the slowest quarter for two years. Search Acumen have analysed Land Registry data to track the market. It has been revealed that quarterly conveyancing volumes between April and June dropped below 230,000 cases for the first time in two years. […]
Exodus Continues As Another PI Insurer Escapes Hardening Market
Law firms and abandoned solicitors have been left reeling after their Personal Indemnity Insurance (PII) provider made the decision to leave the PII sector six weeks before many pending policy renewals trigger. Aon notified their customers via a letter on August 30th, leaving few reasons why they were stopping their PII cover. Instead, the company […]
