Now in its 4th year, Property Solvers’ annual research of legal practices (in England and Wales) has revealed that average residential conveyancing fees for a freehold tenured property sale and purchase in early 2024 stood
In their recent conference, the Council for Licensed Conveyancers (CLC) emphasised that the digitisation of transactions alone is insufficient for achieving faster results. Speakers at the event stressed the importance of providing consumers with upfront
Miller Insurance Services LLP (Miller), hosted its first annual Council of Licenced Conveyancers (CLC) risk and compliance conference on 25th January 2024, welcoming an array of expert speakers and CLC members. Celebrating its long association
This circular letter informs building control bodies in England of the changes made by the following regulations: The Building (Higher-Risk Buildings Procedures) (England) Regulations 2023 The Building Regulations etc. (Amendment) (England) Regulations 2023 The Building
Law firm supporters and sponsors are now able to show their support for National Conveyancing Week (NCW), which will take place between the 11th and 15th March 2024. NCW is a week-long series of online
Legal experts are cautioning homeowners against the installation of spray foam loft insulation due to a surge in lenders refusing mortgages and the potential impact on property insurability. The advisory, provided by law firm mfg
The UK property market is undergoing significant changes, presenting potential risks for house buyers and conveyancing law firms. Recent statistics from DevAssist in 2023 revealed that 38% of completed reports were classified as high risk,
The UK government has ambitious missions to address inflation and grow the economy and the legal services sector stands ready to play its part, solicitors’ leaders have said. The Law Society of England and Wales
First-time buyers are joining up to step onto the housing ladder, as almost two thirds (63%) of mortgage completions are in joint names (with two or more people), according to the latest analysis from Halifax.
New research has revealed that fall-throughs are costing estate agents an estimated £63 million purely based on the cost of having to remarket a property and host another round of viewings. Home Sale Pack has
Law firms and conveyancing practices are investing more in training their staff as new statistics show that there has been an 50% increase in firms paying for staff to go through conveyancing and probate qualifications.
Individuals repaid, on net, £0.8 billion of mortgage debt in December compared to net zero in November, according to the Bank of England’s Money and Credit data. The annual growth rate for net mortgage lending
The Legal Services Board (LSB) has confirmed its intention to undertake an independent review of regulatory events leading up to the Solicitors Regulation Authority’s (SRA) intervention into Axiom Ince. This was a significant case with
New analysis has revealed that one in thirteen (8%) new homes built in England in the last ten years are in a flood zone, the equivalent of almost 110,000 homes. Since 2013/14, 1,355,330 new homes
New research has shown that the number of homebuyers “taking the plunge” on their chosen property has increased, as a hold on interest rates has helped bring confidence to the property market. Benham and Reeves
Environmental search provider for conveyancers, Martello has announced its latest partnership with Ashfield Environmental Consultants. Ashfield Environmental Consultants brings “expertise and proprietary data”, particularly in historical flooding and proposed defences. This partnership enables Martello’s clients
Director of the Institute for Fiscal Studies, Paul Johnson, has recently called on the government to reform Stamp Duty Land Tax (SDLT), as reported in an article from The Times. He recently shared his insights
Ahead of the Spring Statement on the 6th of March, there have been rumours of a prospective 99% mortgage scheme. The scheme, reportedly propped up by Rishi Sunak and Jeremy Hunt, would only require borrowers
New research has found that selling a home in 2024 was the key priority for half of those surveyed. While 38% of home sellers admitted to having put off their plans to move, 73% are
Propertymark has responded to the UK Government’s consultation on ‘Modern leasehold: restricting ground rent for existing leases’ arguing that setting ground rent at a peppercorn value will lead to a fairer leasehold system. Following the
Propertymark has welcomed the UK Government’s intention to carry forward many of the key aims the membership body highlighted, as part of its consultation response on the proposed Building Safety Levy. The Building Safety Act
The Conveyancing Foundation has made a significant number of appointments to strengthen its operational team this year. Having reached the £1million charity fundraising milestone in 2023 and launched the Charity Grant Scheme, the Foundation has
Twenty7tec has announced a new update to its COMMUNICATE digital marketing platform to help advisers streamline their latest requirements under the FCA’s Consumer Duty. Rate Watch will notify an adviser, administrator or client if a
Santander has declared an impending increase in several of its fixed-rate mortgage offerings starting tomorrow. This move comes as a reaction to recent higher-than-anticipated inflation figures, challenging the previous market optimism about potential rate cuts.
A national panel management company has promoted its Sales Director to Chief Operating Officer and brought in Bob Scott to lead their sales efforts. Scott, who is described as “well known in the intermediary market”
Members of the Open Property Data Association (OPDA) are contributing to work by the Digital Property Market Steering Group (DPMSG) which has published its roadmap to drive crucial change in the land and property market.
THE “January bounce” boosting the housing market will help ensure a “significantly more positive year”. The National Association of Property Buyers said new data showing a rise in the number of New Year property inquiries
Martello has announced they have engaged the services of Matt Joy as a Consultant into their Sales and Marketing Team. Matt brings with him a wealth of experience and expertise in the property industry. Prior
Landmark’s newly released Q4 Residential Property Trends report offers a comprehensive analysis of property data from the fourth quarter of the year, examining the entire residential property transaction chain – making it the most extensive
A parliamentary committee has issued a strong call for the British government to enhance its efforts in safeguarding homes in England from the increasing threat of flooding. The Public Accounts Committee’s recent report criticises the
The December 2023 RICS UK Residential Survey shows activity picking up, and an improvement on last month’s figures as the trend towards lowered mortgage rates continues. Near-term sales expectations moved up a touch more positively,
Despite a recent increase in the UK’s inflation rate, expectations persist that interest rates may be reduced this year. The inflation rate experienced a minor rise to 4% in December from 3.9% in November. However,