‘The biggest shock to the UK mortgage market since the 2022 mini-budget’
The Iran conflict has triggered the sharpest shock to the UK mortgage market since the 2022 mini-budget, the financial information company Moneyfacts has said, with rates soaring in the space of just one month. Mortgage deals have been rapidly repriced, with average two-year fixed rates jumping from 4.84% to 5.84% in a month, while five-year […]
HMLR faces ‘pivotal’ year, says board chair Sachdev in response to Baroness Taylor
HM Land Registry faces a “pivotal” year, according to chair of the organisation’s board, Neil Sachdev (pictured). The comments came in a response to a letter from parliamentary under-secretary of state Baroness Taylor of Stevenage outlining expectations for the agency. In her letter, Baroness Taylor said HMLR should reposition its service offering from that of […]
Legal tech sees 35% increase in external investment as government invests £4.5m in incubator
LawtechUK, a Ministry of Justice-backed initiative supporting technology startups in the legal sector, has secured further funding to enable it to continue operating for the next three years. The programme, currently delivered in a partnership between CodeBase and Legal Geek, will receive an additional £4.5 million over the next three years. Last year, UK-founded lawtech […]
Movera, ONP Solicitors and Steele Raymond celebrate growth
Movera and Steele Raymond are entering the new financial year in strong positions, with the trio of businesses celebrating growth, acquisitions and expansions this week. Home moving brand Movera reported a 33% year-on-year increase in sale and purchase completions across its conveyancing firms, ONP Solicitors and Cavendish, in 2025. To support its growth aspirations, Movera brought in […]
Industry body for legal software throws its weight behind home buying reform
The Legal Suppliers Software Association (LSSA) has thrown its weight behind efforts to reform the home buying and selling process in a meeting with the Ministry of Housing. The LSSA said it had met with a strategy adviser in the Ministry to discuss proposed reforms to the home buying and home selling process and the […]
The judgment line
In the fourth of his weekly series, Ed Molyneux introduces the concept that should shape how every conveyancing firm thinks about AI: the judgment line, and which side of it your work falls on. Over the past three weeks I have written about what AI can do, where it fails, and why provenance is the […]