Data shows property transactions up
Latest figures released by HMRC has revealed that property transactions are unsurprisingly higher as a result of the pent up demand the market was experiencing. The headline figures released by HMRC show that the provisional seasonally adjusted estimate of UK residential transactions in December 2020 is 129,400, 31.5% higher than December 2019 and 13.1% higher […]
Moneypenny launches outbound calling service for law firms
Leading outsourced communications provider Moneypenny has launched an Outbound Calling service for the legal sector – to help firms save time and capture more leads. The new service can be used to qualify conveyancing enquiries, handle inbound leads for personal injury and other claims, and contact wills and probate and lasting powers of attorney clients […]
MP disappointed petition debates suspends
Labour MP Catherine McKinnell has expressed her disappointment that government won’t debate the many online petitions that have reached the threshold, including the stamp duty land tax (SDLT) extension petition which has received over 118,000 signatures – and still climbing. Catherine McKinnell, Labour MP, said: “On behalf of the millions of people waiting to have […]
AML guidance shake-up to help conveyancers
The Legal Sector Affinity Group (LSAG), which includes all UK legal sector professional bodies and supervisors, has completed an extensive revision and redraft of its anti-money laundering (AML) guidance. This replaces previous versions of the guidance and is currently pending approval by HM Treasury, although the guidance is currently available in draft form. This draft […]
The UK’s Residential Property Sector advocates greater adoption of the UPRN
Greater adoption of the Unique Property Reference Number (UPRN) will deliver substantial benefits to UK society. On 12 January, a cohort of the most prominent bodies in the UK’s Residential Property Sector (RPS) sent an open letter to Robert Jenrick MP, Secretary of State for Housing, Communities and Local Government (MHCLG) – highlighting ways in […]
The cladding issue must be addressed immediately
The Grenfell Tower tragedy horrified Britain. Subsequent enquiries have highlighted issues with materials used, construction standards and supervisory roles, to name but a few, and enquiries are on-going. In the meantime, people are living in multi-story buildings with no clear resolution to the issue of cladding on buildings. Future plans are on hold for some […]
FTBs aren’t as reliant on Bank of Mum and Dad
Recent figures suggest that first-time buyers (FTBs) are no longer as reliant on financial gifts from family members, usually parents, commonly known as the Bank of Mum and Dad (BoMaD). Data from the English Housing Survey, shows that the proportion of FTBs who had financial help from their family and friends in the 201-20 financial […]