1st April Stamp Duty Land Tax changes – no laughing matter
With all the publicity around the ‘stamp duty holiday’ extension and the debate around whether the tapered rates will only create a new cliff edge in Autumn, it might be possible to lose sight of another significant SDLT change coming into effect, as Joanna King, Product Manager at tmgroup explains. From 1st April 2021, a […]
OneSearch Direct urge conveyancers to be extra vigilant with lender handbook requirements
OneSearch Direct, the largest local search data company in the UK, has urged conveyancers to exercise caution when checking updates to Lender Part II enquiries, after it was reported that a significant number of changes were made to Lender requirements in the last year. In light of economic uncertainty, OneSearch believe a rise in unemployment […]
Enquiry handling in lockdown and beyond
Remote working, home schooling, furloughed staff and Local Authority delays are just a few challenges faced by conveyancers during the past year. This is set against a backdrop of growing caseloads, with HMRC figures showing a rise of 24% in property transactions compared with December 2019. On 3 March 2021, the same day as the […]
SearchFlow responds to the Land Registry’s House Price Index
Dr Tom Quirke, managing director of SearchFlow, the UK’s largest provider of legal due diligence data for residential and commercial property transactions, responds to the latest statistics that have been revealed in the UK Land Registry’s House Price Index: “Within the industry, it will come as no surprise to see that residential property transaction volumes increased by almost a quarter (24.1%) in January 2021, […]
Further digitisation of property data in Stockport will cut search times
Property professionals can now access new data on highway extent and tree preservation orders in Stockport Further digitisation of search data will cut search times from 20 days to one Number of residential property transactions in Stockport fell 28% over the last year, down to 2,930 in 2020 from 4,082 in 2019, driven by the […]
Electric vehicle parking should be considered in conveyancing
Law firm Coffin Mew is urging conveyancers to consider the provision of electric vehicle parking and charging as part of the conveyancing process. The lawyers warn that with the sale of new petrol and diesel cars banned from 2030 onwards the impact on property desirability and pricing will start to be seen within the next […]
HMLR Practice Guide update: PG80
Here are the latest practice guide updates issued by HM Land Registry. Coronavirus (COVID-19): useful information for conveyancers (PG80) Page summary: Information about pre-existing and new practice of particular relevance in the current circumstances (practice guide 80). Change made: Section 4.1 has been amended. The automatic filing extension granted by the Corporate Insolvency and Governance […]
