Proportion of FTBs the highest on record in 2024 – Halifax
The number of people who bought their first home increased by 19% in 2024 against 2023 with 341,068 first time buyers (FTBs) accounting for over half (54%) of all property purchases with a mortgage; the highest proportion of FTBs against other buyers on record according to the Halifax. A sizeable proportion of FTBs sought their […]
CLC launch quarterly sentiment survey
The Council for Licensed Conveyancers (CLC) has launched a new Quarterly Confidence Tracker (QCT) to track the views of the profession on the current state of home buying and selling. The survey will become a regular temperature check on the views and insight of those working in conveyancing. It will monitor the sentiment and expectations […]
Conveyancing prices static despite workload and financial pressures
Conveyancing fees have remained broadly static and in some cases have fallen despite the pressures of workload, SDLT cliff edges, and inflation according to a recent survey of 100 law firms. Average conveyancing fees for sale have slightly risen – by 0.21% – from £1,187.98 in early 2024 to £1,190.52 inclusive of VAT. Average residential […]
‘Ask Adam’ – your HM Land Registry Questions answered
In our latest ‘Ask Adam’ column, Customer service manager Adam Hookway answers readers’ questions on first registration and Lasting Powers of Attorney. Should you wish to submit your questions to Adam please either email press@todaysconveyancer.co.uk or leave a comment below and we’ll pass them on. All questions are anonymised. JV asks: Why has the Land […]
13% increase in support calls to mental health helpline
Mental health and wellbeing charity LawCare says it experienced a 13% increase in support requests last year compared to 2023, with 2024’s number its highest on record. Stress and anxiety (39%) were the most common reasons people contacted the charity, followed by career concerns (15%) and workplace bullying and harassment (10%). In it’s recently published […]
Juliet Whitworth joins Land Data Board
Land Data has announced the appointment of Juliet Whitworth to its Board, taking over from the retiring Claire Holloway. Whitworth, who is Head of Research and Information at the Local Government Association, brings new data and research experience to the board, alongside her strategy and senior leadership expertise say Land Data. Land Data was set […]
Bank of England cuts interest rates from 4.75% to 4.5%
The Bank of England has cut interest rates from 4.75% to 4.5%; despite inflation remaining at 2.5%, 0.5% above the current target of 2%. An ‘unexpected’ fall in the December inflation figures, from 2.6% to 2.5%, the first fall in three months, had prompted commentators to suggest an interest rate cut could come earlier than […]
Get Involved in National Conveyancing Week 2025
National Conveyancing Week 2025 (March 17th – 21st) is set to be the biggest yet with the backing of over 600 law firms and property professionals, say organisers. Law firms, estate agents, brokers, and industry stakeholders are invited to join thee third edition for a week of insight, education, and collaboration. The week is an […]
Number of homeowners paying mortgages into 70’s on the increase
A 156% increase in the number of home owners paying their mortgage into their 70’s ‘paints a striking picture of how financial pressures are reshaping homeownership’ says wealth management and financial services firm Quilter. Mortgage terms of thirty five years or more, combined with later life home ownership because of affordability pressures, means a significant […]
Reaction to Labour’s efforts to kickstart economic growth
There were few surprises in Rachel Reeves’ speech to business leaders at Siemens Healthineers in which the Chancellor outlined plans to ‘go further and faster to kickstart economic growth.’ Throughout the last week Labour have published a number of announcements outlining plans to introduce the Planning and Infrastructure Bill into Parliament in the Spring; reduce […]
Conveyancing Association Lender Survey launched – have your say
The Conveyancing Association (CA) has launched its 2025 Lender Survey in an effort to gather feedback from the profession on areas which might potentially cause issues between property market stakeholders. The focus of this years’ survey is looking at ways to improve collaboration between surveyors, valuers, valuation panels, valuation software providers, RICS, and lenders, and […]
PLA submit position on material information to FCA
The Property Lawyers Alliance has criticised proposals for the FCA to take responsibility for unfair commercial practices; outlined in the Consumer Protection Regulations (CPRs) and enshrined in the recent National Trading Standards Estate and letting Agency Team (NTSELAT) guidance. A consultation which finished yesterday (Wednesday 23rd January 2025) invited the thoughts of professionals on draft […]
Mark Evans announced as first keynote for Bold Legal Conference 2025
Mark Evans, Vice President of the Law Society of England & Wales, has been announced as a keynote speaker at the Bold Legal Group Conveyancing Conference hosted in London on 11th June 2025 Mark Evans, admitted as a solicitor in 1995, brings over 28 years of experience in high street practice, specialising in property and […]
Join in National Conveyancing Week 2025
National Conveyancing Week 2025 (NCW) will be hosted from Monday 17th March 2025 with firms invited to engage with the activities of the week and play their part in raising the profile of conveyancing and the role of conveyancers in the property transaction. Alongside a host of supporters for this year’s event NCW 2025 is […]
Member network LawNet announces leadership changes as Marston to step down
Law firm mutual and membership body LawNet has announced a change at the top of it’s leadership team as CEO Chris Marston will step down in June 2025 after eleven years in the role, to be succeeded by LawNet’s current member engagement & strategy director Helen Hamilton-Shaw. A banker by background having been head of […]
Home movers say they want more proactivity – Survey
Solicitors and estate agents are in the firing line from consumers as research reveals a lack of proactivity on the part of professionals is causing half of home movers delays in their transaction. A survey conducted amongst 1000 home movers who have had an offer accepted on a home within the last three months and […]
Conveyancing Association announce full details of 2025 Annual Conference agenda
The Conveyancing Association (CA) Conference 2025 will cover economy and housing market predictions for 2025; data, technology and artificial intelligence; social media and marketing; and pricing model in a packed agenda confirmed this week. ‘Past, present and future – where is the conveyancing industry up to and what can we expect in the future?’ will […]
Foreign home-ownership up 2.6% year on year
Research has suggested foreign ownership of home in England and Wales is up 2.6% year on year, with Hong Kong, Singapore, United States, UAE and China making up the top five countries foreign owners reside. A freedom of information request to HM Land Registry by lettings and estate agent Benham and Reeves has revealed 189,793 […]
Tickets now on sale for British Conveyancing Awards 2025
Tickets for the British Conveyancing Awards 2025, sponsored by Groundsure, are now available for the awards dinner hosted in London 13th March 2025. Now in it’s fifth year, the awards recognises and celebrates the work of conveyancing individuals, firms and the wider community at a glitzy ceremony in the heart of London at 8, Northumberland […]
Busiest ever Boxing Day as home-hunters get ahead of a 2025 move
The latest real-time data from the UK’s biggest property website Rightmove reveals record levels of Boxing Day activity in 2024, as home-hunters got ahead of a 2025 move. It was the busiest ever Boxing Day for new seller activity, with a record number of new properties listed for sale by agents. The number of new […]
