Conveyancing Hit Four Year High And Seven Year Low In Q1
Search Acumen Conveyancing Market Tracker – Q1 2020 edition 236,641 transactions registered in England and Wales during Q1 2020, up 5% from 226,444 in Q4 2019 – helped by a brief post-election bounce – but down 8% year-on-year January recorded the greatest number of monthly transactions (104,325) since April 2016 March saw just 55,381 transactions […]
Diary Of A High Street Conveyancer – Monday May 18
Monday As days disappear and the old days really do seem like the good old days, I think it is a good opportunity to think about how conveyancing is done. And take the time to reassess our office processes and how we can make life better not only for each other but for our clients […]
Assistance For Firms In The Property Sector Impacted by Covid-19
It’s almost impossible to escape the impact of COVID-19, particularly for firms within the property industry. The entire sector has been significantly affected, from property investors, construction companies and developers, to estate agents and conveyancers. With many construction projects on pause and estate agents and housebuilders having closed their sales offices, the industry is undoubtedly […]
Purchase Mortgage Searches Increase By 109% In 4 Weeks
Over the past four weeks, the number of searches for purchase mortgages has increased by 109 per cent as the reopening of the property market stimulates buying and selling. According to mortgage data from Twenty7Tec, both weekly and daily figures have increased significantly. Daily figures for mortgage searches have increased by a fifth (22.36 per […]
Countrywide Begins ‘Phased’ Re-Opening
Countrywide have announced they are beginning a ‘phased’ approach to re-opening their branches, after the Government gave the green light for the English property market to re-open after weeks of reduced activity in lockdown. The large corporate agent, however felt the need to defend it’s position in the way it was opening it’s branches, when […]
RICS April Sentiment Highlights Severity Of Lockdown Uncertainty
What a difference a week makes! It has been seven days since the property market was released from the lockdown and early indications suggest that market activity is buoyant and constantly increasing. However, eight days ago the sentiment was very different and the RICS Residential Market Survey for April highlights the precarious and damaging situation […]
Post-Lockdown Property Market Bouncing Back
Recent Rightmove data indicates that the property market needs to prepare for an immediate surge in demand after home-mover visits to the site exceeded 5.2 million on Wednesday 13th May. This figure represented a 4 per cent increase on the same day in 2019 with indications suggesting the market is reacting positively to the governmental […]
Payment Holidays Prevent Rising Mortage Possessions
Homeowner mortgages in arrears increased slightly between the final quarter of 2019 and the opening quarter of 2020. There were 72,380 homeowner mortgages in arrears of more than 2.5 per cent in the opening quarter of the year according to UK Finance. This figure represented a 6 per cent fall in mortgage arrears from the […]