Research suggests ‘dire picture of homeownership in the UK’ for young
Almost 2 million aspiring homeowners do not think they will be able to follow in the footsteps of their parents as the generation gap worsens. The latest research by HomeOwners Alliance suggests that for many young people, homeownership has ‘become an impossible dream’. According to the survey 1.9 million aspiring homeowners do not think they […]
PEXA: February update
By-To-Let mortgage processed in record time In collaboration with Shawbrook Bank, we achieved a landmark success: processing a Buy-to-Let (BTL) mortgage through the PEXA platform in just over 36 working hours. This has enabled us to highlight our platform’s efficiency whilst demonstrating our commitment to collaboration within the industry. Find out more about this on […]
Digital divide grows in conveyancing despite firm increasing tech use, new study reports
Almost one third of conveyancing firms have achieved a digital maturity score of 60% or above revealed a new report from leading legal technology provider InfoTrack. The Digital Conveyancing Maturity Report 2024 launched this week, unveiling the latest insights into how conveyancers are using digital tools. Assessing areas including client onboarding, pre completion, post completion, […]
Law Society frustrated and concerned
Following the third reading of the Renters Reform Bill on Tuesday this week, Nick Emmerson, President of the Law Society has shared his thoughts. “We have been increasingly frustrated by the government’s delays in reforming the rental market and are disappointed with the obstacles being placed in the way of implementing the abolition of no-fault […]
Rightmove calls for stamp duty reform
Rightmove has outlined three areas of reform it would like to see the government introduce in next week’s Spring Budget to support people moving home. The latest data from Rightmove highlighted the disproportionate effect of stamp duty in some regions of England compared with others, due to every area having the same zero tax charge […]
Confessions of a cyber conveyancer
When it comes to understanding and measuring risk, I’ve always said that technology beats humans every day of the week. Machines don’t suffer from a bad night’s sleep, being lectured by a client for being too slow or face the wrath of the other side for daring to raise enquiries, resulting in rushed decisions. That […]
£154.7bn worth of property was sold in 2023, an annual reduction of £141bn
New research has revealed that while £154.7bn worth of property was sold across England in 2023, slower market conditions saw this total fall by -48% when compared to 2022, a difference of £141bn. eXp UK analysed sold price data from the Land Registry (Jan to Dec 2023 – latest available) looking at all homes sold […]
