The recently published 'number and types of transactions for value' released by HM Land Registry (HMLR) suggest that HMLR failed to complete applications anywhere close to the average in April.

Tens Of Thousands Of AP1 Registrations Awaiting Processing

The recently published ‘number and types of transactions for value’ released by HM Land Registry (HMLR) suggest that HMLR failed to complete applications anywhere close to the average in April. Overall, the data indicated that

Evalaution Of Post-Crisis Regulatory Changes Could Help Post-Covid Recovery

New research suggests that post-financial crisis regulatory changes have severely restricted many first-time buyers from climbing on to the property ladder over the past decade. According to the Intermediary Mortgage Lenders Association’s (IMLA) ‘First-time buyers:

Chains Are Starting To Complete Once Again

Wednesday Today was particularly exciting – well in the world of a conveyancer it was! I had a chain complete! I have only had one chain complete during lockdown and I had forgotten the wait

Alan Rubenstein Appointed NHBC Chair

The leading warranty and insurance provider for new build homes, the NHBC, has announced the appointment of Alan Rubenstein as new Chair. Currently serving on NHBC’s board as a nonexecutive director, Mr Rubenstein undertakes his

Market Enjoys Busiest Day Since Lockdown

The property market enjoyed its busiest day yesterday since lockdown was introduced. Purchase mortgage search volume was 25 per cent higher yesterday than any other time since lockdown restrictions were introduced, according to Twenty7Tec mortgage

Market And Sentiment Improving Slowly

The majority of conveyancing firms surveyed by Today’s Conveyancer last week believe the market has shrunk to below 50 per cent of what it was at this time last year. Today’s Conveyancer wants to understand

Ask An Expert: The Green Shoots Of Post-Lockdown Recovery

In our recent Ask an Expert series, Chris Harris interviews Rob McKellar, Head of Practice for Residential Conveyancing and Head of Strategic Growth for Consumer Legal Services at Slater & Gordon Lawyers. The pair discuss

A cross-industry group working within the property sector have written an open letter to the government imploring to offer 'greater flexibility' in the furlough scheme.

A cross-industry group working within the property sector have written an open letter to the government imploring them to offer ‘greater flexibility’ in the furlough scheme. Currently, employers can only move their staff in and

Ask An Expert: David Jabbari’s Confidence, Caution And Covid Variations

In our recent Ask an Expert series, Chris Harris interviews David Jabbari, CEO of innovative conveyancing provider Muve. The pair discuss the state of the market during the Covid-19 situation, the impact increasing mergers and

Ask An Expert: Post-Lockdown Buying And Selling Process

The property freeze has been lifted but the sector remains in a strange no-mans land, caught between the extremes of pre-lockdown working and total market lockdown. Social distancing responsibilities now drive the way the sector

Mortgage Holidays Extended By Three Months

Homeowners struggling financially at the current time are able to extend their mortgage holiday by an additional three months from today. It is estimated that 1.8 million homeowners are already utilising the mortgage holiday to

The Law Society of England and Wales are asking the Solicitors Regulation Authority (SRA) to extend the solicitors indemnity fund (SIF) cover beyond September's intended cut off point.

The Law Society of England and Wales is asking the Solicitors Regulation Authority (SRA) to extend the solicitors indemnity fund (SIF) cover beyond September’s intended cut off point. Although the SRA intended to close the

Ask The Expert: PII Preparedness In The Time Of Covid-19

Despite some firms struggling to renew their PII in March, experts are assuring the sector that there are deals to be done, but firms must prepare. The spread of Covid-19 in the UK coincided with

UK Residential Transactions Halve In April

Residential property transactions last month had more than halved since the recorded figures from April 2019. According to recent HM Revenue and Customs data, 46,440 residential transactions were completed in April; 53 per cent fewer

Sales Agreed And New Instructions Increasing Post-Lockdown

Early indications suggest that the property market is bouncing back with Rightmove site interactions above 2019 levels, new instructions rising and sales agreed increasing. Full property viewings on Rightmove are now stronger than 2019 levels,

The government has conceded that deadlines to ensure all remediation work on the removal of dangerous cladding on buildings by June will not be met.

The Government has conceded that deadlines to ensure all remediation work on the removal of dangerous cladding on buildings by June will not be met. Unfortunately, the recent lockdown has meant that many remediation projects

First-Time Buyer Mortgage Applications Reduce In Lockdown

The mortgage slowdown during lockdown seems to have impacted prospective buyers more than homeowners. Those looking to purchase a property for the first time seem to have delayed their home move during lockdown or were

The property Ombudsman experienced a 20 per cent spike in formal complaints last year according to its annual report for 2019.

The property Ombudsman experienced a 20 per cent spike in formal complaints last year according to its annual report for 2019. Similarly to other years. communication and record keeping were the most complained about elements

Client Facing Sectors Resume Physical Viewings and Valuations

The housing market has been open for a week and activity has been steadily increasing since the announcement that the sector was released from lockdown. In the past week we have had governmental updates on

Conveyancing Hit Four Year High And Seven Year Low In Q1

The number of active conveyancing firms in the UK has fallen to its lowest ever levels since the tracker was launched in 2011. At the start of 2020, there were 4,135 active conveyancing firms. However,