Mortgage approvals fall slightly amid pre-budget uncertainty
The Bank of England’s Money and Credit Report for October reveals a decrease in the number of net mortgage approvals, falling 600 to 65,000. Approvals for remortgaging fell by 3,600 to 33,100, the lowest since February. Rachel Springall, finance expert at moneyfactscompare.co.uk, said the slowdown was expected and activity is likely to improve. “Borrowers may […]
Report warns of housing stock health emergency, as retrofit expert slams ‘damaging’ budget cut to £1.3bn upgrade scheme
A cross-party think tank says the UK is risking a health emergency without changes to the housing stock, as the climate becomes more unpredictable. The Homes without Harm report from the Housing Commission of public policy research centre Radix Big Tent said its ‘overarching message’ to government was to look at the explicit link between […]
Propertymark new-build report reveals extent of fluctuations in pricing
The latest quarterly New Builds Pricing Report from Propertymark reveals the extent of variations in both seasonal and regional pricing for newly built homes. In London, the Q3 price increased by £102,685 compared to the same period the previous year, taking the average cost to £819,000. In Q2, London new-builds experienced the steepest decline, falling […]
Compliance software provider Legl joins Conveyancing Association as affiliate member
Legl has joined The Conveyancing Association (CA) as an affiliate member. The award-winning software platform enables law firms to manage processes from client onboarding, to AML risk and compliance and compliant cash collection. As an affiliate member of the CA, Legl will have the opportunity to participate in member meetings, events and online sessions, as […]
Conveyancing reform: A chance to reset, not retreat
The latest government consultation on home buying and selling has prompted a mix of anxiety, frustration and cautious optimism across the profession. And it’s no surprise – the proposals touch almost every corner of what we do, from upfront information to digital logbooks to the creeping presence of AI. Some of the concerns being raised […]