The Equity Release Council has unveiled new guidance for member firms to consider when launching retrofit lifetime mortgages. In consultation with the Green Finance Institute (GFI) and Council members, The Retrofit Lifetime Mortgage Guidance is
An east London law firm, Symons Gay & Leland LLP, has been fined £12,636 for violating anti-money laundering regulations, as reported by The Law Society Gazette. The breaches occurred between June 2017 and July 2023,
In June 2024, the UK property market presented a mixed picture, with a decline in home sales and mortgage approvals contrasting with a continued rise in house prices across most regions. Similarly, the Bank of
Landlords will be required to ensure their properties achieve an Energy Performance Certificate (EPC) rating of band C by 2030, according to Energy Minister Fahnbulleh. During a parliamentary session, Green MP Ellie Chowns questioned the
A collaboration between panel service and technology provider LMS, alongside estate agency group Connells, transaction tracker technology Moverly, estate agent Peter Alan, and search provider TM Group, will aim to create a sale ready, digital
Movemnt, the national home transaction infrastructure for all property professionals has shared a progress update on its network of conveyancers following its recent launch. To deliver against Movemnt’s ambition to truly speed up the property
Hugh James has been appointed to provide legal advice to Great Places Housing Group. Great Places Housing Group is set to deliver around 2,000 new homes across the 10 Greater Manchester districts over the next
Following the initial introduction of Material Information guidance, which happened back in May 2022 with Part A, and subsequently followed with Part B and C in November 2023, Propertymark is keen to reach out to
The Conveyancing Foundation has announced to be this year’s official charity partner at the SLC Annual Conference 2024 (Society of Licensed Conveyancers). Scheduled for Wednesday, 6th November 2024, at Reach Events, Pride Park in Derby,
Broxbourne in Hertfordshire is accustomed to making news as the home of the world’s largest newspaper printing plant – but it made the news when its council became the 100th local authority to migrate its
ONP, part of home moving group Movera, is working with Curve Conveyancing Solutions Limited, supporting them with remortgage instructions. ONP will be providing two products designed to meet client’s needs, including a cashback option, allowing
Key demand metrics, such as prospective buyer registrations and viewings, have seen a slight decline as consumer focus shifts towards the holiday season, according to Propertymark’s Housing Insight Report. The average number of new prospective
The Deputy Prime Minister and Housing Secretary Angela Rayner is set to announce sweeping changes to the planning system in England, as part of the Government’s drive to build 1.5 million new homes. Fergus Charlton,
The cost of conveyancing rose by 10.2% in the second quarter of this year compared to Q1, according to analysis of approximately 34,000 conveyancing quote forms on home mover comparison site reallymoving. Published quarterly, the
The Society of Licensed Conveyancers (SLC) has issued a position paper in respect of the continuing backlogs at His Majesty’s Land Registry (HMLR), which contains clear proposals on how to move forward. SLC Chairperson, Simon
The Bank of England has reduced interest rates from 5.25% to 5%, marking the first decrease since the start of the pandemic in March 2020. The cut comes as a result of wider economic stability
Bristol City Council, have become the first users of the Residential Logbook Association’s new ‘First Homes Logbook’ and Local Authority reporting system. This was built by the RLBA to support DLUCH’s ‘First Homes’ scheme for
The Open Property Data Association (OPDA) has released the newest version of its property data trust framework which will help key conveyancing information to be provided digitally, they have stated. OPDA’s framework is already boosting
The Conveyancing Foundation was thrilled to be the official charity partner of this year’s Aconveyancing Crystal Maze Challenge, held on June 26th, 2024, at Mythe Barn in Atherstone. This event brought together professionals from the
New data from HM Revenue & Customs has revealed the number of UK residential property transactions in June 2024 is 5% lower than the same month last year. The provisional non-seasonally adjusted estimate of the
Almost two thirds of (62%) UK homeowners aged 55 and over would look to price comparison websites (PCWs) to compare different financial products, according to new research from the Equity Release Council (the Council) and
Conveyancers are nervous about the shift to upfront material information (MI) but there are reasons to see it as a significant opportunity, an industry roundtable hosted by the Council for Licensed Conveyancers (CLC) has heard.
An overhaul of the planning system has been announced today, as government sets out tough decisions necessary to fix the foundations and grow the economy. All councils in England are to be given new, mandatory
The Legal Services Board (LSB) published its Annual Report and Accounts for the year ended 31 March 2024 (PDF). The report describes the LSB’s work to ensure regulation contributes to reshaping legal services to better
Law Society CEO Ian Jeffery and President Nick Emmerson overcame a vote of no confidence at the Special General Meeting (SGM) held on Tuesday, July 23rd, 2024. The SGM was convened to address widespread dissatisfaction
The Council for Licensed Conveyancers (CLC) has said that all of its regulated firms, across both conveyancing and probate, have successfully secured professional indemnity insurance (PII) coverage for the year ahead. The PII market has
Nationwide has joined the Open Property Data Association (OPDA) to support its efforts to speed up the homebuying process by sharing digital property information across the housing market. They have said that the move will
The Equity Release Council’s latest quarterly market report shows that new customer numbers rose by 12% in Q2, compared with Q1, while total lending rose 15% to £578m. A double-digit rise in the number of
Rentcharges (PG56) Page summary: Guidance on a variety of points which commonly arise in rentcharge applications, including formal apportionment and redemption (practice guide 56). Change made: Section 3 has been amended as a result of
Flood Re, UK insurance industry that promotes the availability and affordability of flood insurance, has reported strong financial and operational performance for the year ending 31 March 2024. Storms Babet, Ciaran and Henk represent the
Koodoo, mortgage technology provider, has announced a new partnership with Smoove, utilising its eConveyancer platform. This collaboration aims to enhance the homebuying process by integrating Smoove’s network of local solicitors and advanced digital platform into
As the year has progressed, more people are looking for conveyancing solicitors, with an overall increase of 1.5% in conveyancing enquiries between the first and second quarters of 2024, according to Compare My Move’s recent