Transactions broadly in line with previous years despite December drop
New data released by HM Revenue & Customs (HMRC) has revealed that although property transactions fell considerably during the usual December dip in activity, activity remains broadly in line with previous years. HMRC said the provisional non-seasonally adjusted estimate of the number of UK residential transactions in January 2023 is 77,390. This is 7% lower […]
A conveyancer’s guide to the Property Data Trust Framework: February 2023
The Property Data Trust Framework promises to be the enabler that finally enables a fully digital conveyancing process. Many other initiatives and products have promised that, and failed. Ed Molyneux, Technical Standards Lead for the Home Buying and Selling Group’s Tech Sub-group, explains why this time it’s different. This time it’s different. No, really “Impossible.” […]
Thanking the judges of this year’s British Conveyancing Awards
This year’s British Conveyancing Awards are now just 23 days away. In just over three weeks, the industry will come together to highlight achievement, recognise excellence, and celebrate the superheroes of the conveyancing industry. The event, brought to the industry by Today’s Conveyancer, would not be possible without headline sponsor Groundsure alongside networking sponsor Taylor […]
LawCare reports huge rise in legal professionals with career concerns
New research from LawCare has revealed a “dramatic increase” in the number of legal professionals reporting feeling concerned about their career. The mental health charity for legal professionals in the UK’s 2022 impact report shows that nearly a quarter (22%) of people contacting them for support were primarily concerned about their career in the law. […]
One in three homesellers being gazundered – study
Nearly a third of homesellers within the last six months have reported being gazundered by their buyer, new research from House Buyer Bureau has revealed. What’s more, for 33%, the gazundering – the practice of lowballing a seller once the sale progresses having previously agreed a higher price – happened within a week of their […]
Last chance to complete the wellbeing at work survey
Please take 10 minutes to complete the Conveyancing Foundation’s “Wellbeing at Work” survey. The purpose of the “Wellbeing at Work” survey is to ascertain how happy we are working in the property industry and what factors could/would improve our working lives. Hundreds of survey responses have already been received, but with a closing date of […]
Diary of a high street conveyancer: 27th February 2023
Conveyancers all have that one irritating thing that happens far too often. It may not be the same thing for all of us – it may even be something where others ask, “is that it?” I am sure that we all have one and when it happens, we have to count to 10 and remind […]
Confessions of a cyber conveyancer: ChatGPT and what it means for conveyancing
In the good old Wall Street days of “greed is good” and “lunch is for wimps”, there was a saying that “when taxi drivers start giving stock tips, you know we’re heading for a crash”. The markets, that is – not the cab, ideally. With mainstream media picking up on artificial intelligence (AI) and marketing […]
The Ombudsman’s Corner: February 2023
In my last column I set out details of the changes we are making to our Scheme Rules on 1st April 2023 with regards to the circumstances in which we can dismiss a complaint. This time, I am going to explain how we are changing our rules in relation to what happens at the end […]
New proptech start-up MoveGenius goes live today
Proptech start-up MoveGenius has officially launched today, with its founder calling for conveyancers to be involved earlier in the transaction to “iron out issues upfront”. Buying or selling a property can be a daunting task, with a seemingly endless list of paperwork and legal requirements to navigate. That’s where proptech start-up MoveGenius comes in. Founder […]
