Landmark Strengthens Business With Conveyancing Acquisition
Landmark Information Group, the leading provider of information to the property market and part of Daily Mail and General Trust plc (DMGT), has today strengthened its business with the acquisition of the conveyancing panel management business of Aventria. Landmark will rename the business, which serves mortgage brokers and other introducers across the UK, as Optimus. […]
IMLA Warn Government To Avoid Rasing Hopes Of Mortgage Prisoners
In March, the Financial Conduct Authority (FCA) released information on the ways it can help ease the burden for mortgage prisoners that are unable to switch because they are with defunct lenders or in negative equity. However, the Intermediary Mortgage Lenders Association, who represent 19 of the 20 largest UK mortgage lenders, believe that the […]
Annual Transactions To June Shrink By 16.5%
Property transactions have fallen considerably on both a monthly and annual basis. According to June data, provided by HM Revenue and Customs (HMRC), the 84,490 residential transactions recorded in June represented a 9.6% monthly decline when compared with May’s figures and a 16.5% reduction in transactions when compared with June 2018. Unsurprisingly, this trend has […]
Thinktank Corroborates And Costs Boris Johnson’s SDLT Changes
A Conservative thinktank has backed Boris Johnson’s proposed stamp duty land tax (SDLT) cuts and claimed they could be cost neutral to the government. The report, published by the thinktank Onward, claims that the next Prime Minister, Boris Johnson, should help more than three quarters of a million home buyers by abolishing SDLT on all […]
Poor Planning Policies, Centralisation Of Tax And Nimbyism Considered Catalysts Of Crisis
Jacob Rees-Mogg and the Institute of Economic Affairs (IEA) have suggested that reverting stamp duty land tax levels to those applied in 2010 will help people to move as opposed to acting as a clear barrier. The ‘Raising the Roof: How to solve the United Kingdom’s housing crisis’, authored by Jacob Rees-Mogg amongst others, considered […]
Experts Consider Legacy And Infrastructure Impact Of Major Sporting Events
Over the past two weeks tmgroup have been hosting a number of round table events in the hope of answering an integral question: how can we improve collaboration between key stakeholders in the new build process? Following the final event in Birmingham on Thursday July 18th, delegates may feel a little closer to reaching a […]
Market Remains Stable With Marginal Q2 Property Exchange Growth
Property exchange volumes increased by 6% year on year, rising to 992,000. According to the Property Homemover Report Q2 2019, collated by TwentyCi, the market has responded fairly positively to the current political difficulties in the UK. Property Instructions and new property entering the market increased marginally by 2% which suggests sellers are determined to […]
Updated Law Society Conveyancing Protocols Released
The 2019 edition of the Law Society Conveyancing Protocol has been released. The new protocols will highlight the best practice in residential conveyancing, highlighting how solicitors acting on behalf of buyers and sellers of leasehold and freehold properties can best advise their clients. It is hoped that the Conveyancing Protocol is another important piece of […]
From Pretending To Delivering: Industry Comment
Joe Pepper, CEO of tmgroup explains how tm are helping law firms and estate agents offer a truly digital consumer experience. It is a myth that all business have gone digital. Whilst consumers are used to instant online purchasing and interacting with a multitude of apps that manage everything from holidays to finances, many businesses […]
Experts Claim Planning Process Needs Radical Modernisation
Developers, planning lawyers, conveyancers, experienced estate agents, land acquisition specialists and industry-centric economists hunkered down in the Omega Business Suite in London yesterday to discuss collaborative approaches in the new build process. The second of tmgroup’s three round table events did not disappoint in unearthing the major issues in new build, before laying the foundations […]
Professional Choice Consultancy Can Help With Your Recruitment Needs
Professional Choice Consultancy has widened its portfolio to offer a tailored recruitment services to conveyancing firms and their specialist suppliers. The service has been launched after extensive consultation within the legal sector and is purposely designed to meet the niche recruitment needs of this discrete professional grouping. Bill Kirby, Principle of Professional Choice Consultancy, said: […]
Stakeholders Discuss Collaborative Improvements To New Build Sector
The new build sector responded to the call from tmgroup who wish to find a collaborative new dawn in the new build sector. It was refreshing to witness the sector’s stakeholders committed to discussing how vital cogs in the new build process could be oiled in order to transform the sector in the future. The […]
Local Land Charges Register Facing Delays To Migrated Roll Outs
It has been a year since HM Land Registry (HMLR) launched their fully digital Local Land Charges register. One year on, how successful has the digital migration been? In July last year, HMLR hoped to have fully migrated twenty local authorities to the service. However, up to now only six are using the LLC system. […]
SRA Report Claims Conveyancers Improving Complaints Handling Skills
Law firms are becoming increasing adept at successfully handling client complaints without the issue being passed onto the Legal Ombudsman (LeO). According to the ‘First Tier Complaints’ Report, published by the Solicitors Regulation Authority (SRA), complaints have increased by 5.8% since 2012. Eight years ago, 26,570 first-tier complaints were made to law firms. However, by […]
New Build Starts and Completions Plateau In Opening Quarter
New build housing, completed and started in the opening quarter of 2019, has decreased marginally. The figures, released by the Ministry of Housing, Communities and Local Government, at the beginning of July cast a shadow of doubt over the Government’s ability to fulfil its promise of building 300,000 new homes per year by 2025. New […]
Fraudsters Steal £67,000 From First-Time Buyer
Fraudsters successfully managed to steal £67,000 after hacking into emails between a first-time buyer and his solicitor. Howard Mollett, a charity worker, who was working in the US, encountered problems whilst trying to make a down payment on his property. He emailed his solicitors to make them aware of the problem, as he didn’t want […]
Landlords With Single Property Portfolios Exit Sector
The number of buy-to-let investors, looking to purchase a single property, have fallen sharply in recent years. According to a recent survey by the Intermediary Lenders Association (IMLA), perceived onerous legislative changes have forced many landlords to consider their investment in additional property. Up to 2015, buy-to-let investments had recovered from the financial crisis in […]
Leasehold Changes Allow Conveyancers To Offer Vital Advice Earlier
The law society has welcomed the regulatory changes to the leasehold sector by speculating that speeding up the compulsory flow of information will prevent future home buyers from becoming emotionally invested in a property purchase they may regret in the future. Under the new proposals, unveiled by James Brokenshire on 27th June, freeholders will be […]
Boris Johnson’s Stamp Duty Reductions To Reinvigorate Prime Property Sales
House prices in prime and expensive locations could improve by over 4.5% if Boris Johnson delivers on his promise to rescind the duty increases imposed on properties over £1.5 million. In 2014, George Osbourne made significant tax changes to prime and super prime UK property by increasing duty on properties valued between £1 million and […]
Inflexion Invests In UK’s Leading Provider Of Tech‐Enabled Conveyancing Solicitors
Today, Monday 8th July 2019, Inflexion Private Equity has announced that it has completed an investment in O’Neill Patient Solicitors LLP (ONP), the UKs leading Business-to-Business tech-enabled provider of property and remortgage conveyancing services. The investment is being made by Inflexion Buyout Fund V, Inflexion’s dedicated mid‐market fund. As part of this investment, Inflexion Private […]