Transactions edge up month on month but 2023/24 a year to forget

Home moving transactions edged up 1% in March 2024 from 83,040 in February 2024 to 84,200 but remain 6% down on 2023 volumes. Meanwhile, annual volumes from April 2023 to March 2024 decreased 17% on the previous financial year to levels not seen since 2012/13. In 2022/23 there were 1,208,310 transactions; in 2023/24 this fell […]

TA form furore – stinging criticism of Law Society

The Law Society has come in for criticism for its handling of updates to the property protocol forms. The forms have been updated to include more information about the property that can be used for compliance with National Trading Estate and Letting Agency Team (NTSELAT) guidance on material information. At the time Law Society president Nick […]

Conveyancers Need to Work Less and Earn More!

We keep telling ourselves as Conveyancers and business leaders that our Conveyancers need to do less – with additional work through conveyancing creep a significant issue – and our Conveyancers need to be paid more for their invaluable work. So, what’s the problem – how do we pay more and do less – provide a […]

On the move – latest hires

South-west firm Watkins Solicitors has appointed Sophia Ramzan as Partner and Head of Residential Conveyancing. Ramzan has previously held roles as Conveyancing Training Director and Senior Property Lawyer at a large firm in Newport and is a Fellow of the Chartered Institute of Legal Executives (FCILEx) and a Licensed Conveyancer. On Ramzan’s appointment Beverley Watkins, […]

Report on title software partnership announced

Conveyancing report provider Navro and search provider PALI have announced the availability of the Automated Report on Title (ART) solution through the PALI conveyancing search platform.  The tie up provides PALI users access to Navro’s recently launched ART, which it describes as a ‘game changer’ for conveyancers, enabling the creation of a report on title […]

Optimising Financial Operations: Strategies for Large Firms

The dynamic nature of the legal industry presents enterprise law firms with distinct challenges in managing their financial operations effectively. From complex billing structures to stringent regulatory requirements, navigating the intricacies of financial management requires strategic foresight and innovative solutions. In this blog post, we’ll explore key strategies that large law firms can implement to […]

Moving conveyancing ‘up stream’ – an opportunity not to be missed (again!)

Concerns about change are natural, but of course if you didn’t have them, you might think you don’t care enough about the work, and you’re prepared to allow change to happen without fully understanding what the consequences can be. I certainly get that. Change can be scary, particularly if it involves the changing of the […]

Enquiries and instructions on the up – RICS

New sales instructions and buyer enquiries are on the up according to the latest RICS UK Residential Survey results (March 2024), predicting a ‘bounce in (the) housing market in both the near and longer term.” The number of new properties coming to market rose for the fourth consecutive month with sentiment around listings up on […]

Diary of a high street conveyancer: 14th April 2024

Something has been bothering me this week; you know that niggling thing in the back of your mind that you can’t quite put your finger on… Well, I think I know what it is so let me try and share my thoughts with you It seems to me that firms charge more for acting in […]

How open data standards empower conveyancers to shape future of property transactions

In the dynamic realm of property transactions, conveyancers lead the way on seamless transitions, guiding clients through the intricate process of buying or selling. As technology continues to reshape industries worldwide, conveyancers are now on the cusp of embracing a new frontier: open data standards. At first glance, the notion of standardised property data may […]

New Trading Standard guidance could cost vendors hundreds

Homeowners could have to spend hundreds of pounds more when selling their home owing to new Trading Standards guidance, a conveyancing solicitor has warned. The National Trading Standards Estate and Letting Agency Team (NTSELAT) guidance means homeowners will have to list a whole range of new ‘material information’ ahead of listing the property on the […]

Diary of a high street conveyancer: 25th March 2024

I often think about the ‘good old days’ of conveyancing but this week, I had cause to reflect on something which does illustrate that processes were so much easier in the old days. I have just completed the purchase of a leasehold apartment. I have served the notice on the managing agents and as is […]

‘Resilience and cautious optimism’ after positive start to 2024

Sales agreed numbers are 13% higher than last year,and demand is up 8% indicating a positive start to the year according to the figures from property portal Rightmove.  The property market exhibits a ‘blend of resilience and cautious optimism.’ The average price of newly marketed properties has risen by 1.5% this month, reaching £368,118. This […]

Consultant model growing ‘significantly faster’ than traditional firms

Consultant style, or ‘Platform’ law firms are growing at a ‘significantly faster’ rate than traditional competitors with Setfords and Taylor Rose MW leading the way amongst Alternative Legal Service Providers (ALSPs). Property law continues to be the leading area of law practiced by consultant lawyers, with a small but growing proportion of family and private […]

Sign of Spring bounce as consumer sentiment on the up

The proportion of people who believe now is a good time buy a property has risen to it’s highest levels since December 2021. Sentiment around affordability of mortgage payments and concerns over mortgage repayments has also seen a move toward greater positivity in signs that the seasonal Spring bounce may be on its way.  One […]

40% of consumers believe structural survey is conveyancer’s responsibility

40% of consumers believe it is the conveyancer who checks the structure of a property is sound during the home moving transaction. 48% were unaware the conveyancer acts on behalf of both them and the mortgage lender, while 2/3rd of respondents said the conveyancer’s role was to transfer the ownership of the property (68%); effect […]

First time buyers face 6.5 year wait to get on the housing ladder

First time buyers (FTBs) need to save for nearly six and a half years to raise funds to purchase their first home according to recently published research. A single person, purchasing a property at the average price of property in the UK (£234,000) with a 10% deposit and covering moving costs including conveyancing, surveying and removals, […]

PEXA UK announce further board additions

The UK arm of PEXA, the Australian property settlement business which launched in the UK in 2022, has announced further additions to it’s board. Nicky Heathcote, current Chair of the Conveyancing Association and former Chief of Staff at the HM Land Registry, and Tim Everest, a banking executive who led the transformation at Pay.UK will […]