The Solicitors Regulation Authority (SRA), has launched a review of its overall approach to protecting consumers in response to shifting risks in the sector. The review focuses on two main areas. Firstly, how to reduce
Evidence of identity (PG67) Page summary: This guide explains when evidence of identity is required and how it should be given. It is aimed at conveyancers (practice guide 67). Change made: The guide has been
New data from HM Revenue & Customs has revealed the number of UK residential property transactions in December 2023 was 20% lower than the same month in 2022. The provisional non-seasonally adjusted estimate of the
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
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