Claim: Express conveyancing trial cuts home move times in half

A self styled homebuying platform and challenger portal has claimed it has succeeded in cutting transaction times in half following a year-long express conveyancing trial.  OneDome describes itself as “a digital platform for property transactions that enables home buyers and sellers to conduct end-to-end property transactions online.” The trial saw average transaction times reduced to […]

Rushed leasehold bill doesn’t ban new leaseholds

The government’s heralded “Leasehold and Freehold Reform Bill” has been published without a key element of the intended legislation. The published bill does not ban developers from selling new build property as leasehold, an admission the government admits was due to the rushed nature of the bill’s drafting so soon after the King’s Speech.  First […]

Home movers urged to get “MoveReady”

Home movers, estate agents and conveyancers are being urged to get “MoveReady” following the launch of a home moving app that will encourage vendors to instruct their conveyancer before listing their property, enabling compliance with the recently released Parts B & C requirements in the National Trading Standards Estate and Lettings Agent Team Material Information […]

CTS Update: Conveyancers “trying their best” to get people moved

Conveyancers affected by the cyber incident at infrastructure provider CTS are “doing their best” to get people moved as the outage enters its second week. The incident was first reported last Wednesday (22nd) and confirmed by CTS in a statement on Thursday which said it was working “around the clock with the assistance of third-party […]

On-boarding trial speeds up transactions by 7 weeks

A 12 month trial of an in-house on-boarding software has resulted in a reduction in transaction times of up to 7 weeks, say Derby-based legal, property and financial specialists, Sort Group. The software, which was built but Sort Group themselves, includes the licensed Law Society protocol forms and third-party integrations with HooYu and Yoti Sign, which […]

Details of funding to improve digital homebuying

Further details have emerged around the £3m of funding allocated to investment in the home buying and selling process announced in last week’s Autumn Statement. It is hoped the investment in innovative technologies and data projects will improve the home buying a selling process in England and Wales.  The £3m of funding will be allocated […]

PEP and sanctions screening falls – Survey

A survey of professional services firms has identified a fall in the number of regulated firms who “always” check new customers again sanctions or Politically Exposed Persons (PEP) lists. From 84% of firms committed to “always performing checks,” the legal sector has fallen to 24% according to the survey. Financial services has also seen a […]

Cyber incident affects c.80 conveyancing firms

A cyber incident, which was first reported on Wednesday 22nd November, has brought many conveyancing firms, and transactions, to a standstill. Legal sector specialist infrastructure service provider CTS confirmed last week it had been the victim of a “cyber incident” and was working to restore systems “as soon as possible.“ Despite initial reports suggesting up […]

Law Society says, ‘King’s Speech falls short on Justice Reforms’

Following the King’s Speech yesterday, the Law Society of England and Wales has responded to the legislation that was outlined and noting their disappointment that more hasn’t been done to invest in the justice system. Nick Emmerson, President of the Law Society of England and Wales, said: “We are disappointed the government chose not to […]

Sunak consigns those in fuel poverty to long term misery

An industry body representing energy assessment professionals says rowing back on MEES in the private rented sector will hurt the poorest in society most. The Property Energy Professionals Association (PEPA), having taken time to reflect on Rishi Sunak’s rushed announcement, has strongly criticised the Prime Minister’s abandonment of Minimum Energy Efficiency Standards (MEES) in homes […]

Are we in the midst of a conveyancing cold war?

Half a century next year. 50 years of being heavily involved with conveyancing, conveyancers, and estate agents. As the saying goes, I would have got less time for murder! Those 50 years included moving from the 20th Century to the 21st Century, and the job and the conveyancing process is more difficult, challenging, and frustrating […]

Mortgage figures provide indication of market direction

The value of mortgage advances in Q2 2023 was down nearly 33% on Q2 2022 as the Bank of England base rate rise, and the cost of living bites. The Bank of England’s Mortgage Lenders and Administrators Statistics show that mortgage advances completed totalled £52.4bn, down £6.3bn on the same time last year. On a […]

4 reasons to attend Orbital Witness’ CPD-accredited leasehold conveyancing courses

In the ever-evolving landscape of property law, staying at the forefront of developments is essential for conveyancers. Amongst that, leasehold conveyancing stands out as a particularly intricate and, at times, challenging area.  The importance of staying up to date with the best practices of leasehold transactions cannot be overstated. Orbital Witness, in collaboration with IQ […]

Navigating the Conveyancing Quality Scheme (CQS) Requirements: A Mini Guide

Conveyancing , the pivotal process of transferring property ownership, is marked by its complexity and intricacies. To uphold the highest standards of quality, integrity, and professionalism in this realm, the Conveyancing Quality Scheme (CQS) was introduced. Developed by the Law Society of England and Wales, the CQS is a beacon for solicitors and conveyancers, ensuring a […]

58% fewer homes sold than last year, research shows

UK houses

New research has revealed that while there have been almost 77,500 homes sold across England and Wales so far this year, this is 58% fewer than the 171,000 sold during the same time period last year.  Nested analysed sold price data from the Land Registry looking at the number of homes to have sold so […]

Martello Joins Mishcon de Reya’s MDR Lab Programme

Martello

Martello, a digital platform that is building the first live property search database to help speed up the homebuying process, has today announced that it has joined the summer cohort of MDR Lab, the product-focused innovation programme of Mishcon de Reya, one of the UK’s leading law firms. Over the coming 12 weeks, Martello will […]

Labour will allow more homes to be built on green belt – Keir Starmer

green belt land

Sir Keir Starmer has said Labour will allow more homes to be on green belt land and relax planning restrictions. In an interview with BBC Breakfast, Sir Keir said that they “would make those tough choices and say to local areas, notwithstanding that it’s greenbelt, if it’s a car park or similar land which doesn’t […]

Doug Crawford exclusive: The ever-changing world of conveyancing

Image of an arrow pointing upwards

Conveyancing providers who don’t embrace the future and technology may not be around in the not too distant future according to Doug Crawford, former CEO of Simplify and now in the host seat at Simply Conveyancing after four years away.  Doug shares his thoughts on technology, people, opportunity and private equity in an exclusive interview […]

Diary of a high street conveyancer: 9th May 2023

Two Bank Holidays in consecutive weeks – two four-day working weeks. It has been nice after the never ending workload of the last two to three years to have a more relaxed start to the month. The Bank Holiday working weeks are great. It is possible that we forget that the first day of the […]