Law Society Special General Meeting: What was said?
Law Society CEO Ian Jeffery and President Nick Emmerson overcame a vote of no confidence at the Special General Meeting (SGM) held on Tuesday, July 23rd, 2024. The SGM was convened to address widespread dissatisfaction within the conveyancing community regarding the new TA6 form. On the motion of no confidence the Law Society prevailed with […]
UK homebuyers’ asks clash with Labour plans, says new Bloomberg Intelligence survey
UK homebuyers’ wishlists may be at odds with what the new government offers, finds a new survey from Bloomberg Intelligence, with widespread demands for a cut in stamp duty unlikely to be met any time soon. Higher rates are less of a problem, but builders still need incentives to support sales and buyers of new […]
Mortgage rates are forecasted to fall as lenders take advantage of cheaper funding
Mortgage rates are forecasted to fall as lenders take advantage of cheaper funding after figures show that average swap rates have started to decline. According to specialist property lending company, Octane Capital, who analysed average swap rates over 30 and 60-day periods to predict what could be in store for the market as we approach […]
CLC hails successful PII renewal round as more insurers enter the market
The Council for Licensed Conveyancers (CLC) has said that all of its regulated firms, across both conveyancing and probate, have successfully secured professional indemnity insurance (PII) coverage for the year ahead. The PII market has seen significant hardening over recent years, with firms reporting difficulties securing cover in previous renewal rounds. However, this year the […]
Nationwide joins OPDA
Nationwide has joined the Open Property Data Association (OPDA) to support its efforts to speed up the homebuying process by sharing digital property information across the housing market. They have said that the move will help digitise the homebuying process, enabling a safer, more transparent experience for its customers and employees. Having one version of […]
SRA crackdown as new research show hefty fines given out for AML breaches
According to new research, the Solicitors Regulation Authority (SRA) has ramped up the frequency and harshness of sanctions for money laundering breaches in the past 12 months. In the first quarter of 2024, there were ten decisions on AML breaches and since the beginning of October 2023, 20 law firms have been fined for failure […]
Dudley Building Society named UK’s Best Workplaces for Women
The 2024 UK’s Best Workplaces for Women has officially recognised Dudley Building Society within the medium category among the 330 ranked organisations. The 2024 UK’s Best Workplaces for Women™ List is made up of employers whose people have told Great Place To Work® UK they work for a place that is inclusive and equitable for all. The 330 companies on […]
Diary of a High Street Conveyancer: 29nd July 2024
I, along with all of you, hate it when I get pages and pages of enquiries , many of which are not property specific, many of which are not relevant and the majority of which just waste my time. In the past, I have received those enquiries where you look at the computer screen and […]