Conveyancers dismiss claims they must hurry up to prevent estate agencies folding
A claim that conveyancers must hurry up in order to avoid estate agencies going out of business has been met with widespread rejection and disdain from those within the profession. It was suggested on Thursday by Paul Sams, Partner and Head of Property at Dutton Gregory Solicitors, that many of the firm’s peers were “taking […]
Transactions taking nearly a third longer than pre-pandemic, study finds
The process of buying a home from instruction through to completion took nearly a third (28%) longer in 2022 than it did in 2019 prior to the pandemic, new data has revealed. In a report authored by Landmark Information Group, Why are property transactions taking so long?, it’s revealed that the average time from instruction […]
TM Group acquired by European investment firm
Key conveyancing data and technology provider TM Group has announced its sale to European investment firm AURELIUS. AURELIUS, which is set to provide further investment to support TM Group’s growth, describes itself as having a “global reach focused on private equity, private debt, and real estate”. The sale will conclude the undertakings entered into following […]
New buyer enquiries hit eight-month low as market battles rising rates
RICS’ latest UK Residential Market Survey suggests a deterioration in sales activity is on the horizon as June saw new buyer enquiries slip to an eight-month low in the face of rising mortgage rates. As borrowing costs continue to rise, many of June’s survey results have fallen deeper into negative territory in terms of net […]
Coadjute launches Digital Property Data Packs in bid to streamline transactions
Property technology provider Coadjute has announced the launch of its Digital Property Data Pack service, which it says is set to significantly cut transaction times. Designed to simplify property transactions by automatically collating data from a wide variety of trusted sources, Coadjute say the Digital Property Data Pack enables sellers to complete the form and […]
PSS search capability integrated into Denovo Case Management Software
Denovo Business Intelligence, a leading Glasgow-based software company specialising in fully customisable legal case management and accounting software, is excited to announce its integration with Property Searches Scotland, the fastest growing search company in the Scottish market. This integration is expected to provide a seamless and efficient property search experience for Denovo users. The integration […]
Conveyancers must hurry up to avoid putting agents out of business, says law firm
Many estate agencies are at risk of going out of business due to the amount of time conveyancers are taking to complete property transactions, one law firm has claimed – and conveyancers have responded en masse. Dutton Gregory Solicitors say many of their peers are taking too long to raise enquiries and progress cases collaboratively, […]
4 in 10 landlords planning to buy more property in next year – survey
More than four out of 10 buy-to-let landlords (41%) are planning to buy more property in the next 12 months, a new survey has revealed. The main reason for considering buying by 35% of respondents is the increase in the number of tenants – up from 30% of respondents in the Q4 survey. While 33% […]
Scapegoats: Inexperience alone does not slow down transactions
In response to the number of conveyancers leaving the industry over the last 10 years, many firms have excelled in establishing facilities and programmes that are dedicated to finding, training and advancing the carers of future conveyancing talent. As we really start to reap the rewards of those programmes and see numbers replenish, in the […]
