Law Society responds to Spring Statement
Rishi Sunak, Chancellor of the Exchequer, delivered his Spring Statement in Parliament on Wednesday in what has been described as a “mini-budget”. The Chancellor brought welcome tax relief across several areas of the economy, though some have suggested the measures do not go far enough amidst the current economic climate. Announcements from Sunak included: The […]
The Climate Report launch event – Dye & Durham UK Insight & Data
Join us as we explore the first-ever Climate Report designed for homebuyers. Tuesday 12th April 2022, 10:00am – 10.30am The Climate Report is the first-of-its-kind tool that identifies a property’s future exposure to hazards arising from climate change such as soil-related subsidence, extreme wind events, coastal erosion, plus river, coastal and surface water flooding. All […]
HMLR practice guide updates – March 2022
HMLR practice guide updates: PG1, PG8, PG68, PG73, PG76, PG78, PG80 First registrations (PG1) Page summary: Guidance for conveyancers on how to register unregistered estates in land for the first time (practice guide 1). Change made: Section 4.4.4.1 has been amended to confirm that, when submitting a first registration application on the basis of copy […]
Legal Bricks case study: Jarmans Solicitors
Jarmans solicitors are a full-service law firm based in Kent. They have a busy conveyancing department servicing a wide range of clients. We talked to Jeni Niven, Conveyancing Co-ordinator at Jarmans Solicitors, about how they use the services of Legal Bricks and what benefits they have seen. Which of Legal Bricks’ services do you use? […]
Transaction figures reveal second busiest February in a decade
February’s HMRC monthly transaction data shows that while the number of residential transactions are down on the previous year, levels are still well above average activity. Provisional non-seasonally adjusted property sales were 96,250 in February, 20.6% lower than February 2021 and 15.3% higher than January 2022. HMRC has advised that the 20.6% year-on-year reduction should be “treated […]
ONS reveals £24000 annual house price increase
The latest house price data published by HM Land Registry (HMLR) for January 2022 shows that average house prices in the UK increased by 9.6% in the year to January 2022, down from 10% in December 2021. The average property in the UK was valued at £273,762 in January. On a non-seasonally adjusted basis, average house prices […]
Homebuyers call for gazumping to be made illegal
Property purchasing specialist, HBB Solutions, has revealed that the vast majority of UK homebuyers want to see the practice of gazumping made illegal, as one in 10 fell foul of the backhanded practice during their last house hunt. The survey of 1,000 UK homebuyers to have purchased in the last six months alone found that […]
Bumper year for HMRC as stamp duty receipts surge to record highs
Latest tax data released by HMRC reveals that stamp duty continued to perform strongly with receipts of £16.9bn in the year to February. This is a significant £6.1bn higher than in the same period last year and surpasses the previous high total for the 2017 – 2018 tax year of £16.43bn. Commenting on previous SDLT […]
Armalytix partners with Zeus Tech Solutions to offer Proclaim integration
Armalytix has partnered with Zeus Tech Solutions to offer Proclaim integration for law firms looking to utilise the market-leading SoF technology For legal and conveyancing firms, regulation and financial crime risk increasingly require source of funds (SoF) and wealth checks. Armalytix provides sophisticated checks quickly and simply with flexible questionnaires to provide all the information […]
Sunak delivers “underwhelming” Spring Statement
Rishi Sunak, Chancellor of the Exchequer, delivered his Spring Statement to Parliament on Wednesday. In what has been described as a “mini-budget”, the Chancellor brought welcome tax relief across several areas of the economy, though some have suggested the measures do not go far enough amidst the current economic climate of inflation, increasing house prices, […]
Learning the lessons from Australia – how will PEXA approach the UK property market?
In this episode of the Today’s Conveyancer podcast David Opie is joined by PEXA UK Chief Executive James Bawa and Heather Crichton, General Manager Industry Readiness. James and Heather discuss the impending launch of PEXA in the UK and the lessons learned in Australia that they bring with them to help facilitate a more streamlined […]