Renters’ Rights Bill set to get second of three readings in the House of Commons
Today the Renters’ Rights Bill is set to get its second of three readings in the House of Commons before it can progress to the House of Lords. The legislation intends to introduce a range of new requirements in hopes to further protect tenants in private rented homes. These include ending ‘no fault’ evictions whereby […]
CMA response to National Planning Policy Framework consultation
The CMA has published its response to the Ministry of Housing, Communities and Local Government consultation on planning system reform. The CMA responded to the consultation on proposed reforms to the National Planning Policy Framework and planning system, led by the Ministry of Housing, Communities and Local Government (MHCLG). The CMA’s response welcomes the government’s intent […]
Former Rightmove and Feefo figure pioneers business to help property companies boost Google visibility
An industry figure that has worked with Rightmove, ESTAS and Feefo has launched a new business in a bid to boost Google visibility for property companies. Today, Ben Marley has formally debuted his new business, GeoCale, which is offered on an exclusive basis by town- meaning that once a conveyancer is onboarded as a client, […]
Renters’ Rights Bill ‘must not disproportionately disadvantage’ landlords and agents
Ahead of the Second Reading of the Renters’ Rights Bill on Wednesday 9th October 2024, Propertymark is urging MPs not to overlook the key role landlords and letting agents play, and to strengthen the Bill so it retains choice, flexibility and keeps costs down for tenants and landlords alike. The Renters’ Rights Bill was introduced […]
CLC consumer empowerment efforts having ‘measurable impact’
Work by the Council for Licensed Conveyancers (CLC) to empower consumers is having “a significant, measurable impact,” the Legal Services Board (LSB) has been told. In its report to the LSB, the CLC also outlined its experience of co-operation with HM Land Registry and the Legal Ombudsman (LeO), as well as other legal regulators, that […]
Law Society publishes guidance to support Black or minority ethnic students entering the profession
To coincide with Black History Month, the Law Society of England and Wales has published new guidance to support Black or minority ethnic students entering into the profession. The guidance provides advice on: Challenging assumptions and overcoming barriers; Securing a training opportunity; and Funding opportunities. Aspiring solicitors are encouraged to obtain a training opportunity by […]
FCA fines Starling Bank £29m for failings in their financial crime systems and controls
The Financial Conduct Authority (FCA) has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also repeatedly breached a requirement not to open accounts for high-risk customers. Starling grew quickly, from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did […]
Market conditions have ‘steadily improved’ over the summer and into early autumn
Market conditions have “steadily improved” over the summer and into early autumn and mortgage affordability has been easing due to strong wage growth and falling interest rates, according to the Halifax House Price Index. This has also boosted confidence among potential buyers, with the number of mortgages agreed up over 40% in the last year […]
Owner of International Real Estate Tyron Ash takes swipe at UK conveyancers branding them ‘arrogant’ in LinkedIn post
The owner of an international luxury real estate company has taken aim at the UK conveyancing industry, calling the process the ‘worst in the world’ and conveyancers themselves ‘arrogant’ in a fiery LinkedIn post. Tyron Ash, who made a name for himself on Channel 4’s Mega Mansion Hunters after reportedly securing sales worth £300million on luxury […]
Conveyancers respond to new powers to delay suspected fraudulent payments
New powers enabling banks to delay transactions by up to four days to further investigate fraud have been criticised by conveyancing representative bodies. The new powers, which were originally due to come into effect in early October, will allow banks to delay payments for up to 72 hours where there is reasonable grounds to suspect […]
2.9 million rental homes need £23.4 billion to meet EPC standards by 2030 – Rightmove
A new report from the Rightmove reveals new insight into the scale of the challenge in improving the energy efficiency of homes across Great Britain. A combination of Rightmove’s whole-of-market data and government data estimates that 2.9 million properties need to be improved to reach an EPC C rating, at a cost of £23.4 billion […]
Licensed conveyancers target greater understanding of their role – and recruiting from schools
There needs to be much greater understanding of – and respect for – the role of conveyancers across the property market, a roundtable organised by the Council for Licensed Conveyancers (CLC) has heard. The roundtable also looked at efforts to increase the profession’s profile and attract potential licensed conveyancers while still at school, rather than […]
British Conveyancing Awards early bird deadline today
The British Conveyancing Awards, sponsored by Groundsure, returns on Thursday13th March 2025 at 8 Northumberland Avenue in London to recognise and celebrate excellence across the conveyancing sector. Entries from firms, individuals and businesses up and down the country are reviewed and scrutinised by an expert judging panel to arrive a the shortlists, highly commended recipients, […]
BofE may accelerate rate cuts if inflation remains tame, says Governor
Bank of England Governor Andrew Bailey has hinted that interest rates could be reduced more quickly if inflation stays under control. In an interview with The Guardian, Bailey suggested the Bank might take a more aggressive approach to lowering borrowing costs, contingent on inflation trends. In August, the Bank reduced interest rates from 5.25% to […]
Lowest mortgage rates for 15 months drives double digit boost to buyer demand
The latest House Price Index from Zoopla has revealed that the lowest mortgage rates for 15 months is supporting a rebound in sales market activity across the UK. Sales agreed and buyer demand are both up by more than a quarter over the last 4 weeks compared to the same period a year ago as […]
Britain’s fastest and slowest markets revealed from Carluke to Chelsea
Rightmove’s Speed of Market Tracker reveals that Carluke in Lanarkshire is Great Britain’s fastest-selling market this year, with sellers in the area finding a buyer in an average of 15 days. Giffnock in Glasgow is the second quickest market, with homes finding a buyer in 16 days, and Uddingston in Glasgow is third, taking 17 […]
OneDome announces partnership with Caroola
OneDome and CMME have announced a partnership with Caroola, a provider of contractor accountancy, tax, and umbrella payroll solutions. This collaboration is designed to “revolutionize the home buying process” for contractors and self-employed professionals who use Caroola’s services. Under the partnership, all Caroola’s clients will have access to OneDome’s revolutionary HomeBuyer Service at a discounted […]
Homebuyer demand dampened in Q3 2024
New research has revealed that buyer demand levels fell slightly between the second and third quarters of this year, but buyer appetite remains stronger than it was this time last year. GetAgent’s Hotspots Demand Index monitors homebuyer demand across England on a quarterly basis. Current demand is based on the proportion of stock listed as […]
ERC launches later life lending summit in collaboration with the AMI
The Equity Release Council (the Council) has launched the Later Life Lending Summit in collaboration with the Association of Mortgage Intermediaries (AMI) which will be taking place on the 19th November 2024 at Cutlers’ Hall in the heart of Sheffield. This new venture builds on the successful Equity Release Adviser Summit which took place in […]
Century Capital’s most recent Breakfast Briefing in Mayfair show cautious optimism for the UK property market
Despite Keir Starmer warning the UK public of tough times ahead, and suggesting that some parts of the government’s upcoming Autumn Budget will be ‘painful’ for many to hear, the leaders of London’s property industry maintain a cautious optimism about the immediate and mid–term future of the UK property market. Century Capital’s most recent Breakfast […]
