Will the cost of living crisis curb the post pandemic property boom?
While the latest House Price Index from the Land Registry shows the property market is still flying high above the rest of the economy, many experts are calling time on the property boom with inflation expected to hit an alarming 11% by the end of the year and concerns over the rising cost of living […]
Climate change: 7.65 million homes could be exposed to subsidence risk by the 2080s
Data models from Dye & Durham provide predictive environmental hazard insights to homebuyers and property, financial and insurance professionals Data analysis from Dye & Durham has identified that more than 7.65 million properties in Great Britain could be exposed to medium or high risk of soil subsidence by the 2080s – an increase of over […]
Buoyant residential sector sees instructions soar at property search specialists
Legal residential property search, compliance and IT risk solutions provider Index Property Information West Midlands, has reported a surge in instructions and completions. “2022 has got off to a record-breaking start,” says the company’s MD Kate Bould. She continued: “We have recorded a record-breaking number of instructions and fast-paced completions, which are on a par […]
“Party’s not over yet” as transactions bounce back in May
Monthly transaction figures published by HM Revenue & Customs (HMRC) on Tuesday revealed that the number of UK residential property transactions in May was 2.0% lower than May 2021, though had risen 1.6% from April 2022. The provisional non-seasonally adjusted estimate of sales in May 2022 is 100,870, rising from 97,970 in April but beneath […]
Bank of England withdraws key mortgage affordability test
Following its latest review of the mortgage market, the Financial Policy Committee of the Bank of England has confirmed that it will withdraw its affordability test Recommendation. This will come into effect from 1st August 2022. Introduced in 2014, the test specifies a stress interest rate for lenders when assessing prospective borrowers’ ability to repay […]
Three-year anniversary of the Women in Law Pledge: a reflection
Law Society of England and Wales president I. Stephanie Boyce reflects on the Women in Law Pledge, which currently has 46 signatories. I am delighted to mark the three-year anniversary of the Women in Law Pledge, which was launched by the Law Society in partnership with the Bar Council and the Chartered Institute of Legal […]
Government sets out plan to overhaul data laws
Tougher fines for firms hounding people with nuisance calls and a clampdown on bureaucracy, red tape and pointless paperwork are part of reforms to transform the UK’s data laws announced by the government on Friday. The government is publishing its response to a consultation which aims to harness the power of data to help British […]
New website launched to capture Severn Valley flood data
The Environment Agency has launched a new crowd reporter website to enable Severn Valley residents to share details of flooding in their communities. The Severn Valley Water Management Scheme (SVWMS) Crowd Reporter is a crowd-sourced mapping tool which can be used to submit descriptions and pictures of localised flooding. Residents are encouraged to use the […]
