Home movers ‘pause’ ahead of budget

Home movers may be ‘pausing’ ahead of the next budget with sold-subject-to-contract (SSTC) numbers and completions remaining low against the rising number of new listings coming to market. The latest numbers from Landmark’s Q3 Residential Property Trends report suggests despite high levels of supply, and tentative signs of progressed demand at SSTC, buyers are still […]
New bank powers will “raise conveyancing standards” say firm director

New powers enabling banks to delay transactions by up to four days to further investigate fraud should help combat fraud and could improve standards across the conveyancing profession says the director of Welsh conveyancing practice Convey Law. The new powers which will allow banks to delay payments for up to 72 hours where there are […]
Bank delays could put paid to simultaneous exchange and completion

Clearly one of the big stories over the last couple of weeks – presuming you are not a civil servant paid more than the Prime Minister stepping down to avoid being the centre of attention – has been the new powers that are going to be afforded to banks to allow them to pause payments […]