Digital home sales scheme struggles to attract local authority support
New reports show that take-up amongst local authorities of the Land Registry digital home sales scheme has stalled as just one in seven have signed up to the land charges register, despite cash incentives. The Land Registry’s programme introduced four years ago to boost property sales has signed up less than 14% of council land […]
Final legal stages continue to delay property purchases
Data from property purchasing specialist, HBB Solutions, has revealed how the pandemic property market boom and the resulting market backlog is impacting the property transaction timeline, even for those utilising a quick sale method, with the average time to complete increasing by over three weeks so far in 2022 when compared to pre-pandemic market conditions. HBB […]
Nichols Marcy Dawson LLP maximise efficiency and productivity with Redbrick Solutions
Forward-looking firm, Nichols Marcy Dawson LLP, specialise in an array of legal services and aim to establish long-term client relationships with their professional, yet relaxed and personal approach. The firm first opened their doors over 50 years ago and have built an excellent reputation that they strive to uphold. To support the firm in offering […]
Halifax HPI: property prices increasing at fastest rate since 2004
The latest Halifax House Price Index (HPI) has been released. Halifax’s June HPI reveals that house prices were up 13% in a year, to a record high of £294,845. This is the fastest rate of price increase the property market has seen since 2004. House prices increased by 1.8% in June, the twelfth consecutive monthly […]
How to increase conveyancing fees
In this episode of the Today’s Conveyancer podcast, host David Opie is joined by solicitor and Director at Big Yellow Penguin Ltd Shaun Jardine to discuss the opportunity for conveyancing firms to charge more for their work. Value is in the eye of the beholder, so they saying goes, and Shaun, an experienced ex-Managing Partner […]
First Time Buyer property values up £25k in a single year
Research by Stipendium, has revealed over the last year, the average price paid by the nation’s first-time buyers (FTB) has increased at the same level as those already on the property ladder, with the cost of a first home also sitting at 70% of the average price paid by those climbing the second rung and […]
“Broken” conveyancing system slammed by finance and agency leaders
New reports suggesting that the conveyancing system is “broken” have surfaced across industry press this morning. Two articles published in Property Industry Eye and The Negotiator this morning have criticised the conveyancing process describing it as “shambolic”, “farcical” and “archaic”, according to the views of leaders in the mainly financial and estate agency sectors of […]
Property market cooling since the start of the pandemic
Research by specialist property lending experts, Octane Capital, suggests that despite the well documented pandemic property market boom, housing market activity has actually been on the slide since the first quarter of 2020, at least where mortgage fuelled transactions are concerned. Last week, the Nationwide HPI revealed that house prices have hit a new all-time high […]
Conveyancers urged to work with agents on up front information
Conveyancers have been urged to work with estate agents on providing the material information disclosures required by the National Trading Standards Estate and Letting Agency Team (NTSELAT) as part of efforts to make more information available up front for home movers. Addressing delegates at the Bold Legal Conference Head of NTSELAT James Munro said that […]
Diary of a high street conveyancer; 4th July 2022
There are times when conveyancing solicitors have to sit quietly and not say a word. It doesn’t happen very often but I wonder if others will recognise the scenario … Sitting at a sporting event watching youngest child. Two couples sitting behind me. One couple is in the process of moving house (you already know […]
How to use up front information to the benefit of your conveyancing practice
With more information coming out about the planned National Trading Standards Estate and Letting Agency Team (NTSELAT) vision for making “material information” available up front for homebuyers, this latest Today’s Conveyancer podcast explores the knock on benefit for conveyancers. It is anticipated that by better understanding the full extent of the transaction at the outset, […]
Confessions of a cyber conveyancer
When you run a business that is completely reliant on technology, you’d like to think you’ve got the whole thing nailed down. Stuff like hot stand-by boxes, redundant disks, uninterruptable power supplies (UPS), cloud-based infrastructure – it’s second nature, right? For those “just in case” moments. So there I was on Monday, looking forward to […]
Bold founder launches “National Conveyancing Week”
A “National Conveyancing Week” would aim to educate the property industry and wider general public about the role of conveyancers in the home moving transaction and serve to restore some pride in a profession constantly battered by bad press and increasing scrutiny. At his Bold Legal Conference in London Rob Hailstone, who founded the conveyancing […]
Modernising the conveyancing industry
There is a lot of talk about “modernisation” in the news at present and how that chimes with job retention, better working conditions, pay increases, and the like. This is not a debate that is just confined to public sector workers; it is one that many industries are having and has been perhaps brought into […]
LexisNexis Enterprise Solutions and Coadjute join forces
Key partnership formed as rollout of national network for the UK property market continues to accelerate. Coadjute, the blockchain network for the property market that is transforming the ease and speed of home purchasing, has joined forces with LexisNexis Enterprise Solutions, a leading provider of a flexible technology platform that powers optimised legal service delivery, […]
Over 100,000 transactions completed using digitised register for local land charges
Over 100,000 property transactions have now completed using digitised register for local land charges as Northern regions set the pace. More than 100,000 property transactions have now benefitted from access to digitised digested local land charges data to make the property buying process simpler, faster and cheaper, according to analysis by Search Acumen, the property […]
UK HPI: April figures reveal 12.4% annual increase
The latest UK House Price Index for April 2022 has been published. April data shows on average that house prices have increased by 1.1% since March 2022 and there has been an annual price increase of 12.4%, making the average property in the UK now valued at £281,161. In England, house prices have risen by 0.8% since […]
What conveyancers need to know about marketing
In this week’s Today’s Conveyancer podcast, host David Opie is joined by marketing guru, Clare Fanner. Clare has held senior marketing roles in law firms and is well placed to provide her take on what conveyancers should, and shouldn’t(!) be doing, as well as the future of marketing in law firms. In her current role, […]
New Homes England 2021-22 housebuilding statistics revealed
Newly released data shows that housing programmes delivered by Homes England resulted in 38,436 new houses starting on-site and 37,164 houses completed between 1 April 2021 and 31 March 2022, as the sector began to recover from the Covid-19 pandemic. Housing programmes delivered by Homes England saw an overall increase in starts and completions in […]
Making the best use of break clauses – a free CPD webinar
Many businesses are still working out how to use their commercial premises in the post-Lockdown world, or whether they need them at all. The ability to get out of a lease is an important tool for Tenants in planning for the future. Lawyers need to be ready to offer the best advice to clients on […]