Tough times – with some hope on the horizon?
It is with great dismay and despondency that I heard of the further interest rate rise to 4.5% on Thursday. Reckless and again unnecessary came into my thought process and further confirmed my resolution that this country is being poorly led and totally misguided by the Bank of England (BoE). Raising interest rates is inflammatory […]
Convey Law’s Jessie Bishop runs marathon in aid of Mind
Conveyancing Foundation Charity Grant Scheme provides funding for London Marathon runner Jessie Bishop in aid of the Charity Mind The Conveyancing Foundation, in partnership with its charitable partners, has provided the first in a series of grants to Jessie Bishop, a Post Completion Supervisor at Convey Law who participated in the London Marathon on 23rd […]
Government aborts plans to abolish leasehold
The government is no longer planning to abolish the leasehold system in England and Wales this year, it has been confirmed. Michael Gove, Secretary of State for Levelling Up, Housing and Communities, previously pledged to scrap the “outdated, feudal” system as part of the next phase of leasehold reform being introduced by the government. However, […]
Property industry pens open letter to Gove calling for help to speed up transactions
Several key figures from across the property industry have come together to call on the Government to support improving speed and efficiency in the home buying and selling process. In an open letter to Michael Gove MP, Secretary of State for Levelling Up, Housing and Communities, it is requested that the Government to work alongside […]
Skipton launches 100% mortgage product aiming to ‘break rental cycle’
Skipton Building Society has announced the launch of its new mortgage product that will allow homebuyers to borrow 100% of a property value to get onto the property ladder. The mortgage is aimed at those with a “strong track record of rental payments” who are without a house deposit, which Skipton says will “take away […]
Brighter future on horizon for property market, RICS suggests
While the property market has been “weakened” in the early part of 2023, the Royal Institution of Chartered Surveyors (RICS) has predicted a “brighter future” amidst a slow in the falling number of agreed sales. RICS’ Residential Market Survey for April 2023 revealed that twelve-month sales expectations “continue to depict an improved and steadier outlook […]
AI: What does it mean for conveyancing? | Orbital Witness
Having explored what artificial intelligence is – and its relevance to the legal sector – in the first iteration of AI: What does it mean for conveyancing?, the focus now shifts to the practical uses of AI in the conveyancing process. Through the lens of those at the cutting edge of innovation in this area, […]
New first-time buyers pay £200 more than last year – report
New data from Rightmove has revealed that new first-time buyers are now paying nearly £200 more per month on their mortgage than last year due to a new record average asking price and higher mortgage rates. Specifically, first-time buyers with a 15% deposit are now paying £1,056 per month compared with £865 last year. However, […]
Property experts give their top tips on how to win in a volatile property market
Major industry report “Back to the Future” explored the challenges faced by property professionals in what has become a volatile market, compounded by a rapid acceleration in the cost of living and rise in interest rates, that has left many in the industry feeling exasperated. The property industry discussion series, tm:tv, recently invited a panel […]
Free legal tech event in Birmingham: Join Clio for an evening of discussion and networking
Want to learn more about navigating digital disruption in the legal industry from expert speakers—and get the opportunity to network with other legal professionals? One upcoming event will deliver just that. This June 8th, you’re invited to an evening of discussion and networking in Birmingham, courtesy of global legal tech leader Clio. Your seat is […]
Cutting risk and reducing the time in conveyancing transactions
The conveyancing process still requires a raft of information to be collated and assessed, despite digital progress in other areas of law. At Veya, we aim to streamline the process. By assessing the complexity of a transaction before work is started and knowing the potential level of risk involved, files can be given straight to […]
HMLR practice guide updates: May 2023
HM Land Registry practice guide updates: PG41, PG56 Developing estates: estate boundary approval (PG41s1) Page summary: Service to compare the developer’s first site survey with the extent of the registered title (practice guide 41, supplement 1). Change made: Section 2 has been amended as a result of a new form we have created to enable […]
Firm with transaction timescales ‘half the industry average’ explains how to speed up conveyancing
National law firm Dutton Gregory Solicitors has called upon conveyancing firms to prioritise investing in their people to speed up transactions. The firm – which claims to have a transaction timeline “well below the industry average for conveyancing” – argues that investment in people is more important than additional technology enhancements. They claim that, while […]
First-time buyer enquiries spike as house prices level out, study shows
Legal & General has revealed searches of their SmartrFit platform made on behalf of first-time buyers jumped by 22% from February to March, making it the second most popular search term overall for the month. Total searches also increased in March 2023, with monthly searches topping January and February’s figures and reaching the highest level […]
Work life matters: Hybrid working
Law firms everywhere continue to grapple with how to make hybrid working work in their organisation. It’s certainly not easy. Back in lockdown-times, when there was no choice and people were duty-bound to work from home, that’s exactly what they did. They worked from home. Some people loved this. Some people hated it. Yes, there […]
