An overview of the activity that’s taking place within the residential property market. Keeping track of what’s happening with housing is important for conveyancers to build knowledge and plan developments within your practice. If you have conducted research or would like us to report on particular figures, please email [email protected].
Home insurance quotes with a history of subsidence claims have risen by a staggering 637% over the last 10 years, new research has revealed. This is partly due to an increase in subsidence issues. Between 2012 and 2021, there was an average annual increase of 27.8% for home insurance quotes, according to GoCompare Home Insurance. The […]Read More
Watching the amazing sports events at the Commonwealth Games, I thought about how long these athletes train for and their dedication to their chosen sport. I then thought about conveyancing, and I know that there are no Olympics for conveyancing, but I do believe that to become a good conveyancer you need to learn about […]Read More
Conveyancing firms will be able to compare their technology and digitisation against peers with the launch of the Digital Conveyancing Maturity Index by conveyancing technology platform provider InfoTrack. Claimed to be an industry first, the index will survey the digital conveyancing capabilities of law firms to understand how digitally advanced their processes are or are […]Read More
The conveyancing industry is changing. It can sometimes feel as though traditional high street conveyancing is a dying art. Is unregistered title and complex land law being replaced by the need to be financial fraud and identity experts, environmental scientists and climate change soothsayers? The role of a conveyancer is so much more than “the […]Read More
As I write this, I am about to be in the proud position that Credas – the company that I lead – is to be one of the first accredited with DIATF status. DIATF is the new Government approved framework that prescribes rules and standards in providing trustworthy digital identity solutions. Think of it as […]Read More
New research from mortgage broker, Henry Dannell, has revealed how the average homeowner utilising equity release via Later Life mortgages is able to supplement their income by a fifth, while it can also bring about a boost to the average pension pot by as much as 181%. Equity release is a popular method for those […]Read More
The average price of property coming to market sees a sixth consecutive record this month, rising by 0.4% (+£1,354) to £369,968. Rightmove’s latest House Price Index reveals a continuing desire to move, with low numbers of homes for sale driving further price growth even at a time when personal finances are becoming increasingly stretched. Buyer […]Read More
New research from Aviva has revealed the increasing importance of the role of property wealth in retirement planning. The research looked into levels of spending, saving and attitudes towards funding retirement in the over 45s. The study also looked at property, and whether the thriving market has affected people’s attitudes towards their property wealth, and […]Read More
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 […]Read More
New data from the UK’s biggest property website Rightmove reveals signs of the stock shortage starting to ease slightly, as home-owners choose to take advantage of record asking prices and sell this summer. The number of requests from prospective sellers for an estate agent to come out and value their home is at its highest […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
The Australian competitions watchdog, the Australian Competition and Consumer Commission (ACCC) have launched an investigation in to Dye & Durham’s acquisition of Link Administration Holdings, a 43% owner of e-conveyancing platform PEXA. In January 2022, Dye & Durham announced it had agreed to acquire Link for an estimated c$3.2bn. In a statement released on the […]Read More
Market analysis by mortgage broker, Henry Dannell, has revealed that UK homeowners have already released equity to the tune of £1.4bn so far in 2022, with this figure estimated to hit almost £5.6bn by the end of the year. The figures show that during the first three months of this year, over 12,500 homeowners opted […]Read More
Boris Johnson has confirmed plans to extend the right to buy scheme to tenants of housing association homes. In an address yesterday Johnson said there are 2.5 million households whose homes belong to associations, and commented “they’re trapped, they can’t buy, they don’t have the security of ownership, they can’t treat their home as their […]Read More
Halifax has released its house price index for May. The latest index shows that average house prices rose 10.5% in the year to May – the slowest pace of growth for this index since January, but with average house prices now reaching a new record of £289,099. In London it’s £541,942. The latest data shows […]Read More
Demand from prospective house buyers fell in May 2022, a potential side effect of the rising cost of living and higher interest rates, although house prices in the short term are expected to rise – this according to the latest UK Residential Market Survey (May), from the Royal Institution of Chartered Surveyors (RICS). Respondents reported […]Read More
As Her Majesty The Queen celebrates her unprecedented 70 years on the throne with her Platinum Jubilee, we take a look back at how much the UK Housing Market has changed from when her reign began in 1952 to the present day. 70 Years Ago In the 1950’s, according to Nationwide House Price Index, the […]Read More
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