New free legal advice for people facing eviction or repossession
A new government-backed scheme providing free legal advice to help 38,000 people a year at risk of losing their home has launched this month. The advice will be available from the moment a written notice is received by a tenant or homeowner, which could be in the form of an email from a landlord or […]
A new era for digital conveyancing?
The Land Registry kicked off August by announcing the formation of the Digital Property Market Steering Group (DPMSG), a new coalition of key property industry players designed to lead the drive towards digital conveyancing. The announcement has, however, sparked new questions. What is immediately obvious is that the group intends to push for a digital […]
Majority of conveyancing firms reduce fees based on competitors’ prices – study
The majority of conveyancers believe their firm tends to reduce prices based on what competitors may charge to at least some extent, thus engaging in a “race to the bottom”, a new survey has found. Of 70 respondents to a pricing survey conducted by Big Yellow Penguin and Bold Legal Group, 35 said their firm […]
Have your say: What are the challenges facing frontline residential conveyancers in 2023?
What are the challenges facing frontline residential conveyancers in 2023, and what is the profession – and those that look out for its interests – doing about it? The formation of the Digital Property Market Steering Group marks the latest step in the move towards digital conveyancing and upfront information. Parties to the group include […]
Flaws in conveyancing firms’ call handling revealed by ‘mystery shopping’ study
A new “mystery shopping” study of 230+ law firms offering conveyancing across the UK has revealed the ways in which firms can improve their call handling to avoid missing out on work. The study – performed by Conveyancer Insights (CI) – was conducted by making a direct phone call to firms, from which over 3,500 […]
Housing market ‘losing ground to higher rates’, says RICS
A new report has suggested the housing market is “continuing to lose ground to the effects of higher mortgage rates” with new buyer enquiries and sales declining in July. The Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey for July 2023 found a net balance* of -45% for new buyer enquiries, a marginal […]
Housing legal aid ‘critical’ as repossessions rise, says Law Society
The Law Society has described improved access to housing legal aid as “critical” amidst rising repossessions and landlord evictions. According to quarterly statistics from the Ministry of Justice for April to June 2023, mortgage possession claims increased by 15% and landlord possessions (evictions) increased by 24% compared to the same quarter last year. All landlord […]
HMLR customer satisfaction ‘falls for second time in two years’
A regular survey carried out by Ipsos Mori has revealed that levels of customer satisfaction with HM Land Registry (HMLR) have fallen for the second consecutive year, as reported by The Law Society Gazette. HMLR says it will improve service speed after the survey findings which appeared in their latest annual report. A quarterly survey […]
Mortgage-backed sales down 42% so far this year – report
New data has revealed the number of property transactions fuelled by the mortgage sector has fallen by 42% so far this year. The research from Octane Capital shows that, so far this year, 87,686 property sales have completed across Britain with the help of the mortgage sector. This marks a 42% drop versus the backend […]
Logbook ‘ecosystem’ emerges as RLBA Register gathers momentum
An “ecosystem” around property logbooks is said to be emerging with two new technology providers signing up for integration with the Residential Logbook Association’s Register of Logbooks this week. A digital property logbook aims to consolidate all the relevant information and data about a property all in one place. This will then remain with the […]
AI: What does it mean for conveyancing? | Conveyo
By putting those at the cutting edge of innovation in the artificial intelligence (AI) arena under the microscope, a clearer view of how AI might influence conveyancing both now and in years to come will emerge. Here, we look at Conveyo. Who are Conveyo? Conveyo stands for the new way of home buying and selling! Conveyo prepares […]
