Orbital Witness becomes first Generative AI provider to guarantee its AI output with insurance

A tech start-up has announced a new ‘pioneering’ partnership to propel them further into the world of generative AI. Orbital Witness, a UK-based LegalTech start-up that specialises in Generative AI-driven due diligence for real estate transactions, has announced a pioneering partnership with First Title Insurance plc, part of the First American Financial Corporation (NYSE: FAF) group, […]

Average house price across the UK rose again in the year to April – up 1.1%.

The average house price across the UK rose again in the year to April – up 1.1%, according to Office for National Statistics recent House Price Index for April 2024. The average house price was £326,248 yet average price for first-time buyers hit £235,851. New-build price rises continued to outstrip existing properties. Up 15.3% compared […]

Homeowners ‘held to ransom’

With inflation now nearly at the 2% target and after years of high interest rates, Homeowners Alliance have urged the Bank of England to “stop holding homeowners to ransom and cut interest rates now”. The hikes in the cost of borrowing is putting household finances under enormous strain, they have said. If you’re remortgaging, the […]

‘Leasehold issues are far from over’ as sparring parties mention reform in pledges to public

In their general election manifestos published this week, each of the three main parties made a commitment to leasehold reform with the Tories pledging to cap ground rents at £250, Labour calling the current system ‘feudal’ and the Lib Dems have committed to abolishing residential leaseholds altogether.  Rumblings amongst legal professionals have questioned that manifesto […]