SearchFlow and DUAL Asset partner to empower effective risk mitigation
SearchFlow has partnered with Legal Indemnity supplier, DUAL Asset, to provide a comprehensive and streamlined approach to risk mitigation for conveyancers. SearchFlow’s customers will now benefit from being able to provide their clients with a choice of indemnity quotes and policies for any risks flagged via DUAL Asset’s My Legal Indemnity Shop. The portal also […]
Practice guide updates: PG56, PG19 and PG25
Rentcharges (PG56) Page summary: Guidance on a variety of points which commonly arise in rentcharge applications, including formal apportionment and redemption (practice guide 56). Change made: As a result of customer feedback, we have added a paragraph to section 4 about our long-standing practice on informal apportionments and exonerations. Time updated: 6:00am, 26 February 2024 […]
CMA finds fundamental concerns in housebuilding market
The Competition and Markets Authority (CMA) has published its final report on the housebuilding market in Great Britain – finding that the complex and unpredictable planning system, together with the limitations of speculative private development, is responsible for the persistent under delivery of new homes. The study also found substantial concerns about estate management charges […]
Property Insights Round Up: 26th February
The UK housing market is witnessing a subtle shift in mortgage rates, according to recent data. The average five-year fixed mortgage rate has seen a slight increase to 4.72%, up from 4.62% just a year ago. Similarly, the average two-year fixed mortgage rate has climbed to 5.08%, marking an increase from the previous year’s 4.95%. […]
UK tax receipts dip amid changing property market dynamics, figures reveal
The latest financial figures reveal a notable decrease in overall tax receipts, with a £4.1 billion shortfall compared to the previous year, totalling £12.7 billion from April 2023 to January 2024. This downturn primarily reflects the evolving landscape of the UK property market, influenced by various factors including the COVID-19 pandemic and changes in Stamp […]
Scrapping Stamp Duty for downsizers would save them £5,000 on average – analysis
Downsizers in the UK stand to save almost £5,000 – rising to £16,000 in London – if the Government succumbs to pressure to scrap Stamp Duty for downsizers in the upcoming Spring Budget on 6th March, according to Reallymoving. Reallymoving has analysed downsizer sale and purchase prices over the last year to reveal the average […]
Don’t miss out: British Conveyancing Awards 2024 booking deadline
The British Conveyancing Awards, sponsored by Groundsure, returns in just 2 week for the 4th edition of the prestigious ceremony. The ceremony will be hosted at 8 Northumberland Avenue, London on 12th March. The deadline for tickets is 9am on Tuesday 27th February. The shortlist was formally revealed earlier in the month following an extensive […]
Registration open for National Conveyancing Week 2024
The full line up of events are now available to register for ahead of National Conveyancing Week 2024, which begins on Monday 11th March and runs through to Friday 15th March. A series of discussions, debates and educational presentations are being delivered across topics covering material and up front information, digitisation, mental health and wellbeing […]
Scotland’s property transactions faster than England, data shows
In the UK, purchase transactions have taken 23 days longer to get to the point of exchange than in 2019 – from 92 to 115 days – a 25% increase over four years. HM Land Registry completed 1,883,137 applications in January compared with 1,335,792 in December and 1,777,649 last January 2023, of which: 298,750 were applications for register updates compared with 257,519 in December […]
Building Safety Act: A review of the Law Society Guidance
The Building Safety Act 2022 became law on the 28th June 2022 with the aim of preventing any repetition of the Grenfell disaster and or releasing leaseholders from the potential or actual burden of service charge for remediation work relating to fire risk or the risk of collapse. The six parts of the Act, five […]
Are We Forgetting The Homeowner?
The property industry has taken so long to get digitised, that it now has an opportunity to learn from other sectors and to leapfrog whole generations of digital innovation. Unfortunately this doesn’t seem to have been appreciated by those people in charge of large parts of the property sector’s data and system development. This is […]
