Are you making any of these six dangerous accounting mistakes?
As a legal business, do you update your “books” manually or rely on accounting software? DIY accounting might save you the immediate expense of a professional accountant or bookkeeper, but could be costing your business more in the long run. Accounts, including those produced by software, are only as accurate as the figures fed into […]
Is your firm prepared for its regulatory review?
Headlines of dirty Russian money swishing around the London property market, UK Government fast-tracking long overdue legislation, lawyers complicit in a London laundromat for dirty money, and the UK listed at Number 2 in the Hall of Fame for the amount of money laundered, only serve to heap more focus on what was already a […]
How to know how much SDLT you’ll pay in 2022
Almost every single person looking to work out how much Stamp Duty Land Tax (SDLT) applies to a purchase has turned to the online SDLT calculator since the tax was introduced nearly two decades ago. Consequently, this SDLT calculator has served as the benchmark for buyers, estate agents, mortgage brokers, and solicitors. But how accurate […]
Another Proclaim user firm selects VirtualSignature to automate its claims process
Personal Injury law firm Jones Kinvig Lawyers has selected VirtualSignature as the company continues its investment in technology to provide clients with a responsive, efficient service when dealing with their RTA, accidents at work, trips and slips and housing disrepair claims. Birkenhead-based Jones Kinvig Lawyers has more than 25 years’ experience serving the market for […]
A remote training contract after 11 years in another career – a unique path to law
Rowlinsons Solicitors recently announced that Nicky Jones has completed her legal training and has qualified as a solicitor, joining their Commercial Property team. Nicky’s path to this position was, however, unorthodox. “My first career was with in the Criminal Justice Service as a Youth Offending Officer,” said Nicky. “I managed a cohort of young offenders, […]
Rightmove HPI: prices now £55,000 higher than pre-pandemic
The average price of property coming to market has hit a new record for the fourth consecutive month, rising to £367,501. This month’s increase of 2.1% (+£7,400) is the highest at this time of year since May 2014, and marks a national jump of £55,551 in asking prices in the two years since the housing […]
First-time buyers could take out insurance to secure a mortgage
New plans being drawn up by Michael Gove, secretary of state for Levelling Up, Housing and Communities, could see first-time buyers take out insurance against default to allow them to secure a mortgage. The plans would see those with a smaller deposit be able to secure a mortgage with a lower rate, thus making homeownership […]
Rallying cry for wider adoption of UPRNs
The adoption of Unique Property Reference Numbers (UPRNs) presents an opportunity to simplify and speed up the conveyancing process, according to Geodesys. Momentum is steadily growing behind the wider adoption of UPRNs across the property industry. Currently, the main barriers to adoption are awareness and the availability of using the UPRN through a transaction with […]
UK HPI: prices pause in March
Latest ONS figures show that the average house price remained at a record high of £278,000 in March, up £24,000 in a year. Average house prices were up 9.8% in the year, down from 11.3% in February, and show a reduction since peaking at 13.3% in June last year. Detached house prices were up 13.7%, […]
Dye & Durham instructed to divest tmgroup acquisition
Following an in-depth Phase 2 investigation, the Competition and Markets Authority (CMA) announced last week that it has provisionally found the acquisition of tmgroup by Dye & Durham to substantially lessen competition in the supply of property search services, and has now instructed Dye & Durham to divest the business. Dye & Durham, an international […]
Fixing cladding on mid-rise buildings could cost £5.3bn
A report from the Department for Levelling Up, Housing & Communities (DLUHC) has found that the cost of remediating unsafe cladding in mid-rise buildings could reach up to £5.3 billion. There are between 74,000 – 82,000 mid-rise residential buildings in England. It is estimated that between 6,220 and 8,890 of the buildings require remediation, partial […]
Empowering professionals: Inspire Legal Group goes live
A new-breed law firm that gives lawyers the tools to build their own practices and develop related ventures, such as technology offerings, goes live today. Inspire Legal Group is the new name for Foster Clay, a virtual law firm that launched in March 2020, as the UK went into lockdown. It already has 23 lawyers […]
The Conveyancing Climate Change Conference
The Conveyancing Climate Change Conference, hosted by Groundsure. In this inaugural and exclusive event, hear from leading lawyers, policymakers and experts across the industry and gain practical guidance on how to advise your clients about the impacts of climate risks on residential and commercial property transactions. Do you understand the impacts climate change will have […]
