Price Transparency Update: One Week To Compliance Deadline
From 6 December 2018, new transparency rules set out by the Solicitors Regulation Authority (SRA) mean that firms must display more detailed price and service information if they work in specific areas. To help legal service professions remain compliant, the SRA has now published additional guidance and a handy infographic on these rules. The instructions […]
October Mortgage Approvals Enjoy Marginal Increase
The seasonally adjusted figures from UK Finance indicate that mortgages approved for the purchase of a house rose to 39,697. This has increased from the five-month low of 38,172 in September’s figures. Whilst the figures suggest market growth, the statistics reveal that this is still a 1% decrease on October 2017. Although net mortgage lending […]
Converting conveyancing quotes – Success after the ‘Transparency rules’
A special webinar for conveyancers from Britain’s leading specialist in quotes conversion. Professor Ian Cooper & Howard Cooper Immediate Access – £97.00 exc. VAT WHAT IS THE PROBLEM? Once you have to indicate your fees for residential conveyancing on your website, what can you do to get potential clients to choose you … even when you are […]
British Home Buyers Spend £8,113 In Unexpected Fees
The SRA and CLC have staunchly campaigned that price transparency will enlighten an opaque industry where many clients feel as though they are confronted with hidden fees they were not expecting. A recent nationally representative report, by QuickQuote, has found that British home buyers spend an average of £8,113 in unexpected fees, in addition to […]
Replacing One Legal Professional Costs £38,887
It has been well reported that the legal sector is facing a recruitment crisis. When 84% of the UK’s top 100 law firms are worried about a shortage of talent, the importance of retaining the skilled and expert staff within a firm becomes a priority. In addition to this, recently updated evidence by Oxford Economics […]
Improvements Needed To Health And Well-Being In The Legal Sector
As 2018 comes to an end, there have been a number of cases that suggest the legal service sector is responsible for creating a stressful working environment. Whilst 89% of UK law firms have enjoyed substantial growth in 2018, 84% of the top 100 law firms remain worried by a shortage of talent in the […]
Over £23bn Housing Wealth Available To Over 55s In Yorkshire
Research reveals more than £23bn could be available to over-55s living in Yorkshire via equity release, according to new estimates published by Canada Life. The statistics which are based on public data on UK property and Nationwide Building Society house price figures, show that house prices in Yorkshire increased a lot quicker than anywhere else […]
Has The Government Opened Their Eyes Up To The UK’s Housing Crisis?
In answer to the nation’s housing predicament, the Prime Minster Theresa May announced in her speech to the National Housing Federation in September that the UK Government would be spending £2bn to boost the country’s affordable and social housing supply. As the first Prime Minister to talk at the event, Theresa May comments on the […]
Creating The Single Environmental Report For Better Certainty
Future Climate Info (FCI) has teamed up with Terrafirma to deliver the most comprehensive package yet of environmental risk data, protection and support for homebuyers. Available now, the all-new Premium Plus CON29M combines Future Climate Info’s Premium residential environmental search, with Terrafirma’s new official CON29M coal mining search, which has been approved by The Law […]
New Specialist Property Court Could Improve Rental Market
The government have been locked in a consultation period that is seeing them transform the way we use the court and tribunal system in the future. In a recent statement from Housing Secretary, James Brokenshire, recent proposals have been put forward for a ‘specialist Housing Court’. The court will provide a place for landlords, tenants […]
Developers Should Be Transparent With Leasehold Information
Following the recent mis-selling leasehold scandal, leading industry body The Conveyancing Association has pressed the government and managing agents to provide conveyancers with up to date and relevant information. Conveyancers are adamant that under the Leasehold Property Enquires (LPE1) data, all enquiries should have the information within ten days and charge no more than £300. […]
Buy-To-Let Tax Increases Should Not Deter Potential Investors
A myriad of tax reforms in 2018 have hit buy-to-let investors more so than any other property owner. Many speculated that continued tax pressures and Brexit uncertainty destabilising the market could deter a lot of people from investing in additional property over the next few years, worried that the risk is just too great. The […]
Home Owners Offered More Support Than Social And Private Tenants
Home owners receive significantly more financial support from the government compared with private landlords and renters, a new report has found. The ‘Dreams and Reality – Government Finance, Taxation and the Private Housing Market’ report, carried out by The Chartered Institute of Housing, has found that home owners receive the majority of government help. Home […]
Many Postpone Retirement To Afford Mortgage Repayments
Although there are many schemes that help people claim a foothold onto the hugely expensive property ladder, soaring property prices rising faster than the average wage creates an uncomfortable situation for many. Whilst some can acquire property, the exorbitant debt attached to their mortgage means that they will be paying off their home long into […]
Brexiteer Areas Enjoy The Highest Price Increases Since Referendum
As Downing Street continues to entertain the UK with its ‘Christmas Brexit Cabinet Pantomime,’ the property market has shown obvious signs of a market slowdown. Recent research by Emoov has looked at the current market confidence since the EU referendum and whether the UK public believe things will change once the UK makes its final […]
HM Land Registry Applications Just Got Easier!
Using the Index Online Platform, you can now apply for Title Documents and make AP1 Submissions faster than ever. Our online platform allows instant download of title documents, such as OC1s and OC2s, and we have made the process of submitting AP1s stunningly fast and simple. Pre-populates existing information relating to your case Automatically saves […]
Blackpool’s £250 Million Property Market Up By 19% In Three Years
Blackpool’s £250 million property market up by 19% in three years, as town prepares for digital data switch-over Blackpool’s property market experiences 19% growth in just three years, as the annual value of sales reaches £241m in 2017 Value of market in H1 2018 reaches £133 million, indicating Blackpool on track for another record year […]
Vulnerable Tenant Wins Case Against Landlord
A recent Civil Court ruling could pave the way for increased rights for private tenants. Following a number of inappropriate messages and threats by Mohammed Azeem, the disgruntled son of a landlord, saw him ordered to pay £1,000 fees in compensation to the tenant in Nottingham. Additionally, he was forced to do 120 hours unpaid […]
Help To Buy Saves FTBs Two Years In Private Rent
New research has found that Millennials, looking to grasp a foothold on the property ladder, are now able to do so two years earlier because of the additional help from Help to Buy schemes; saving them thousands in additional rent. The recent revelations, from Compare My Move, focused on the time it takes young and […]
Britain Experiences First National Year-On-Year Property Price Fall Since 2012
Property portal Rightmove have reported that poor transaction figures and declining house prices led to the first national year-on-year price fall since November 2011. Newly marketed property is now, on average, £607 or 0.2% cheaper than the property market 12 months earlier. According to Rightmove, property for sale in November has fallen by 1.7% from […]