Inadequate building safety regime ‘a minefield for conveyancers and needs urgent reform’
The Chartered Institute of Legal Executives (CILEX) says building safety regulations are inadequate and will put government plans to deliver 1.5 million new homes at risk unless they are urgently reformed. Implementation of the Building Safety Act has created ‘a minefield’ for conveyancers if the building is more than five storeys or 11 metres tall, […]
Bank of England data shows third consecutive monthly increase in mortgage approvals
New Bank of England money and credit data shows net mortgage approvals for house purchases increased by 800 to 65,400 in July – the third consecutive monthly increase after falling for the previous four. Approvals for remortgaging decreased by 2,700 to 38,900. ‘It’s a slow climb, and the mortgage market is hardly shooting the lights out, […]
Nationwide’s report of softening house price growth ‘no surprise’ for upbeat property experts
Nationwide’s August House Price Index shows a softening of growth, with prices down 0.1% since July. But with wider conditions supporting buyer demand, industry commentators said the news is ‘no surprise’ and will ‘drive a strong finish to the year for the housing market’. ‘August saw a slight softening in the rate of annual house […]
Ombudsman proposes first fee increase for 15 years
The Legal Ombudsman (LeO) is proposing increasing its case fee from £400 to £600, in the first change to pricing since charges were first introduced in 2010. The Law Society of England and Wales has described proposals to increase the fees as ‘striking the right balance’ in its response to the consultation on case fee […]
Conveyancers honoured at upcoming EA Masters
Conveyancers across the UK will be honoured for their role in delivering fast, reliable property transactions at the upcoming EA Masters, to be held in London on the 4th November. The event will also see the launch of the Best Conveyancer Guide, celebrating firms that consistently enable speed and certainty in the home-moving process. Over […]
Later life living – turning a corner for investors?
By 2072, almost 30% of Britons will be aged 65 or over. This stark demographic shift is already taking shape, with profound implications for the housing market. Despite an estimated shortfall of at least 4.3 million in the UK today, less than 1 million are specifically designed for later life living, and this figure excludes […]