Importance of pricing correctly revealed as just 36% of price drop properties find a buyer
Research has highlighted the importance of accurate pricing and that the strategy of reducing a property’s price doesn’t always guarantee a buyer as just 36% of all homes that have seen a price reduction in the current market have been listed as sold subject to contract. Comparison site GetAgent analysed current market stock levels looking […]
Large amount of planning applications refused despite housing crisis
Despite the ongoing housing crisis in the UK, London and the South East of England have the highest proportion of developer planning applications in the country, according to new data. Councils have warned they run the risk of going bankrupt in the next year. Property data provider Search Acumen has found that at least one […]
Transactions edge up month on month but 2023/24 a year to forget
Home moving transactions edged up 1% in March 2024 from 83,040 in February 2024 to 84,200 but remain 6% down on 2023 volumes. Meanwhile, annual volumes from April 2023 to March 2024 decreased 17% on the previous financial year to levels not seen since 2012/13. In 2022/23 there were 1,208,310 transactions; in 2023/24 this fell […]
MPs threaten rebellion over leasehold ground rents
Sky News reports that a faction of up to 30 Conservative Members of Parliament is poised to rebel against the government’s stance on ground rents for leasehold properties, as reported by Estate Agent Today. In a letter addressed to Chancellor Jeremy Hunt, these MPs highlight the Conservative Party’s 2019 manifesto commitment to implementing a peppercorn […]
King’s Award for Enterprise 2024 Awarded to Conveyancing Platform
King’s Award for Enterprise 2024 has been awarded to a digital conveyancing platform for its track record of delivering innovative technologies to the conveyancing profession. Legal technology provider InfoTrack has been selected to receive the King’s Award for Enterprise 2024 for Innovation, a remarkable achievement for the 9-year-old business. InfoTrack is one of only 59 […]
Housing Insight Report March: Demand increases within the residential sales sector
Demand increased within the residential sales sector, with the number of buyers registered and the number of viewings per property both increasing, according to Propertymark’s Housing Insight Report for March 2024. The average number of new prospective buyers registered per branch and viewing numbers increased marginally in March 2024, though the viewing numbers are broadly […]
TA form furore – stinging criticism of Law Society
The Law Society has come in for criticism for its handling of updates to the property protocol forms. The forms have been updated to include more information about the property that can be used for compliance with National Trading Estate and Letting Agency Team (NTSELAT) guidance on material information. At the time Law Society president Nick […]
Firms flag just 0.2% of transactions as suspicious
Law firms must continue to remain vigilant to red flags and suspicious activity in property transactions as research reveals the number of Suspicious Activity Reports (SARs) submitted by legal and conveyancing professionals has fallen by 13% year on year. The SARs Annual Statistical Report 2023 reveals the SARs figures for independent legal and conveyancing professionals […]
The Building Safety Act – what you need to know
In this latest episode of the Today’s Conveyancer Podcast host David Opie discusses the challenges firms face with the Building Safety Act (BSA). Liz Ramsden and Hannah Page, Senior Associate and Associate respectively at law firm Knights who have immersed themselves in all things Building Safety Act and now act on behalf of Knights in […]
