Angela Rayner confirmed as new housing secretary
As Labour came into power today it has been confirmed that MP Angela Rayner has been confirmed as the new Housing Secretary. The newly re-elected Rayner has been officially appointed as secretary of state for levelling up, housing and communities. Housebuilding and enabling affordability for first time buyers has been central to Labour’s campaign, with […]
The Revolution will be Digitised
Calls to modernise the UK’s ‘siloed and fragmented’ property-buying process highlight how the industry has been left behind. Last month, giving evidence to the Commons Select Committee, the chair of the Open Property Data Association had some forceful points to make. Run by the Department for Levelling Up, Housing and Communities, the Committee was seeking […]
Q2 sees biggest boost to buyer demand levels since interest rates started to rise
The latest Homebuyer Hotspots Demand Index has revealed that buyer demand levels climbed significantly between the first and second quarters of this year, marking the largest quarter to quarter jump since interest rates started to climb in December 2021 and the third consecutive quarter of positive growth. GetAgent’s Hotspots Demand Index monitors homebuyer demand across […]
Mortgage transactions drop by 25% – statistics reveal
Housing market activity has been “broadly flat” over the last year, with the total number of transactions down by around 15% compared with 2019 levels, according to Nationwide’s House Price Index. Transactions involving a mortgage are down even more (nearly 25%), reflecting the impact of higher borrowing costs. By contrast, the volume of cash transactions […]
SLC writes to Angela Rayner
The Society of Licensed Conveyancers (SLC) has written to the Deputy Leader of the Labour Party, Angela Rayner, about the recently enacted Leasehold & Freehold Reform Act (LFRA) and its implementation. Leasehold expert, SLC Board Member and past Chair John Clay has set out why the provisions of the Act should be made operational as […]
Conveyancing Association launch Leasehold and Freehold Reform Act 2024 summary guide
The Conveyancing Association has launched a Leasehold and Freehold Reform Guide for 2024 which will come into force on July 24th. The trade body for the conveyancing industry has created the in-depth guide which details key sections of the Leasehold Reform Act which aims to help conveyancing firms, property owners, and other stakeholders understand and […]