Over half of homeowners would pay for a HIP to avoid fall-through – study
A new study has revealed over half of homeowners (53%) would be prepared to pay for a home information pack (HIP) if it meant avoiding a fall-through. This comes according to digital property pack provider Moverly, whose survey of homeowners also revealed 39% of homebuyers would pay for a HIP if it simply meant a […]
ALEP sets out expectations for leasehold reform
Members of the Association of Leasehold Enfranchisement Practitioners (ALEP) have set out their predictions for the next phase of leasehold reform, with legislation now expected to be introduced in the next parliamentary session. In February 2023, Housing Secretary Michael Gove announced the Government’s intention to abolish leasehold altogether, stating that he wanted to introduce legislation in […]
Average five-year fixed mortgage rate surpasses 6%
The average five-year fixed mortgage rate has surpassed 6% for the first time since November, according to data from Moneyfacts. Specifically, the average five-year deal now sits at 6.01%, and the average two-year fixed deal now stands at 6.47%, up from 6.42% on Monday. It’s said the increase in rates for fixed-rate mortgages has pushed […]
Buyers’ awareness of leasehold issues rising, study finds
New research has revealed potential buyers of leasehold properties are now more alert to the issues that may arise, with agents subsequently finding such properties harder to sell. This comes according to agency membership body Propertymark, who surveyed their members in a new report named Leasehold 2023: Has anything changed? It found consumer knowledge of […]
Conveyancers: Are you up for the challenge?
Join conveyancers and property professionals from across the UK for Aconveyancing’s first ever charity and networking event, taking place later this month. The It’s a Knockout afternoon will take place on Tuesday 25th July and bring together industry partners, friends & firms to meet and raise vital funds for Samuel’s Promise, a charity set up to […]
Transaction tracking platform adoor partners with LEAP
Home buying and selling ecosystem adoor has announced a partnership with LEAP, one of the UK’s leading practice case management system providers. adoor connects all stakeholders involved in a transaction, from home buyers and sellers to conveyancers, estate agents, and mortgage brokers, allowing everybody to see the progress of the entire chain online. This is […]
Buying a home less than half as affordable as it was in 1990s, study finds
New research has revealed that housing affordability – measured by comparing average earnings with average property prices – is less than half of what it was in the 1990s. According to House Buyer Bureau, whose data is adjusted for inflation, house prices now sit at 8.8 times the average earnings. Homebuyers – who “have never […]
Transactions down more than half so far this year – report
Analysis of HM Land Registry data has revealed transactions so far this year are down 54% on the second part of last year. The 147,223 homes that have sold across England and Wales have been bought for a value of £52.5 billion in total, a 57% drop since last year. This comes according to estate […]
‘Plug and Play’: More firms set to gain access to LMS tech through their own CMS
More conveyancing firms are set to be able to access LMS’ range of digital tools through their own CMS platforms following the launch of a new “Plug and Play” solution. LMS say the technology, developed in conjunction with Xperate, “is tackling the problem of tech accessibility across the industry, opening up possibilities for firms of […]
PEXA: UK-specific route to digital conveyancing needed despite Australian success
Lessons learned from the digital transformation of conveyancing in Australia are valuable, but we need a local approach in the UK, says James Bawa, UK CEO, PEXA Australia’s conveyancing sector has come a long way from the days of queuing at the land registry to update a title. In today’s tech-first world, it’s hard to […]
Interview: Nick Hale, CEO at ONP Group
In the latest Today’s Conveyancer podcast host David Opie is joined by Nick Hale, CEO of ONP Group. In a wide-ranging interview Nick discusses his introduction in to the conveyancing world since his appointment in April 2022, and the journey he and ONP Group have been on. The opening part of the discussion explores the […]
Law Society sets out its vision for legal sector’s role in AI advancement
The Law Society of England and Wales has set out its vision for the “important role” that the legal profession must play in the advancement of artificial intelligence (AI), including the implementation of standards and regulation. “We encourage the Government to adopt a nuanced, balanced approach to the development and use of AI with the […]
