Buy to let activity in the North of England is on the rise.Read More
Keith Dinsmore, director at legal services firm Vialex, has called for an industry-wide code of practice to avoid increased costs and delays following the latest EU crackdown on money laundering.Read More
The latest conveyancing scam has seen a mother and daughter tricked out of their life savings.Read More
M&S Bank has announced plans to offer mortgages early next year. The retailer’s banking arm will be taking on the likes of on Tesco and Sainsbury’s with assurances of “competitive rates across a range of terms”. As yet, there is no indication as to what those rates might be and no firm date for launch. […]Read More
Last week, consolidator Metamorph Law made a further acquisition with the buyout of conveyancing firm, BPL Solicitors. Formed in 2005 by solicitors David Bridge and Mark Stimson, BPL, which has offices across the south-west, has around 100 staff and specialises in panel-focused residential conveyancing and remortgage work. It also provides bespoke, high-end residential conveyancing, construction […]Read More
From Monday (23rd October 2017), business customers will be able to receive first registration application results online. According to the Government website, customers who use the HM Land Registry service will have access to the results of such applications via the portal, but only in certain circumstances. These circumstances are when: All the supporting documents […]Read More
A mother and daughter who were jailed after carrying out a £1.2 million property scam cannot return the proceeds of their crime, as they have almost no money. The case of Laylah De Cruz and her mother Dianne Moorcroft was heard at a confiscation hearing. However, despite successfully hoaxing estate agents and solicitors to the […]Read More
The Law Society has published its latest roundup, highlighting recent research on the legal services market. The roundup covers information from legal sector bodies, the Ministry of Justice, academics and others interested in the sector. According to the report, the Solicitors Regulation Authority (SRA) has seen a record number of reports of cyber thefts from […]Read More
Theresa May has held a crucial housing summit at 10 Downing Street. Large and small housing developers, housing associations and local government representative were all asked to attend the high-level meeting. The purpose of the talks was to discuss how to achieve a step change in the delivery of new homes in advance of the […]Read More
Stamp duty reform is being considered ahead of the Autumn Budget, according to reports. The proposals, if they go forward, could make a massive difference to the housing market. Said to be among the “bold measures” being studied by Chancellor Philip Hammond, a government source claims that stamp duty reform will help people in their […]Read More
JCP Solicitors has appointed a new residential property conveyancing specialist. Boosting the firm’s expertise at its Caerphilly office, Rachel McAdorey has joined JCP as an Associate Solicitor in conveyancing. Having previously worked in Caerphilly for seven years, Ms McAdorey returns to her hometown after honing her skills at law firms in Blackwood and Aberdare. She […]Read More
An independent, cross-party, think tank has called for auto-enrolment to help first time buyers save for deposits. Under the proposals, staff would be able to auto-enrol into a Lifetime ISA (LISA) through their employer, to help fund mortgage deposits. A LISA lets first-time buyers save up to £4,000 tax-free each year. In addition, the Government […]Read More
On this week’s Rip of Britain, the show looked at how one family was finding it impossible to sell their home due to a “nightmare neighbour, deep beneath the ground”. The show’s presenters, Gloria Hunniford and Angela Rippon, highlighted the case of a Staffordshire couple looking to downsize, who, three years on, still haven’t been […]Read More
Sales of flats across London have dropped 47% in just a year, according to a report from independent estate agents, James Pendleton. The report indicates that, despite a continuing housing crisis in the capital, the drop could be down to first-time buyers waiting to see if prices come down. The number of flat transactions has […]Read More
The most up-to-date HM Land Registry figures available show that property transactions in England fell by 11% year-on-year. Over the same period in London, property sales dropped by 20%, while in Wales, transactions rose by 1.4%. However, house prices in the UK grew by 5% in the year leading up to August 2017. That’s according […]Read More
According to the latest figures, transactions dipped in September and were 20% lower compared to the same month last year. However, the slowdown was led almost entirely by London and the South East. Growth in house prices also slowed over the month. The data revealed by Acadata and LSL Property Services shows an annual house price growth […]Read More
With the UK property market under increasing pressure, Theresa May’s government is set to hold a crucial housing summit today at 10 Downing Street. Representatives of many of the major house builders are thought to have been asked to attend the high-level meeting in advance of the autumn budget statement on 22nd November. According to […]Read More
59% of potential first-time buyers anticipate support from parents or other family members to help them get on the property ladder, according to new research. At present, the average property price for first-time buyers in England is £198,325, so a 10% deposit would set hopeful homeowners back nearly £20,000. According to the report from Yorkshire Building […]Read More
The Welsh property market enjoyed a rush in sales in August and property prices are up, recent figures reveal. According to the Principality Building Society, despite a slight dip in the second quarter of the year, house prices in Wales have now increased in each month of the last quarter. The market also saw a […]Read More
According to a recent report, only one in every 300 property purchases by an overseas cash buyer triggers a ‘red flag’ with the National Crime Agency (NCA). This needs to be addressed according to anti-money laundering specialists, Fortytwo Data. In the year to March 2016, 26,400 homes were sold to overseas cash buyers in Britain, […]Read More