The April RICS Residential Market Survey shows that would-be buyers are still on the hunt for a new home, whilst stock levels and new listings remain scarce. This means that house prices continue to be
This year’s Queen’s Speech has today outlined several legislative changes and the overhauling of laws around levelling up, planning and economic crime that could affect conveyancers. At the state opening of Parliament this morning, Prince
The latest mortgage approval statistics from the Bank of England (BoE) have been published. In its most recent release the figures show that mortgage approval levels dipped by -0.4% between March and February of this
April’s Halifax House Price Index (HPI) reveals average prices are up 10.8% in a year, to a record high of £286,079. The latest Halifax HPI report shows that house prices increased by 1.1% in April,
Today’s House Price Index from Zoopla has calculated that three million homes in the UK are now in a higher stamp duty bracket than at the start of the pandemic, thanks to rising house prices.
The Building Safety Bill which started its passage through parliament last July received royal assent on Friday. Among the changes, which are now law, is the creation of a new building safety regulator for buildings
The Nationwide House Price Index for April has been released, revealing a slight slow at 12.1%. Despite the slowing growth rate however, Nationwide’s latest House Price Index shows that the market is now enjoying its
Solicitors maintained services to their clients through successive lockdowns and many reported solid business performance for the first year of the pandemic, according to the Law Society of England and Wales law management section Financial
The latest Rightmove HPI data shows that despite growing economic headwinds, the 2022 market continues to set new milestones for price and activity levels. The price of property coming to market has hit a new
March HMRC monthly transaction data shows that while the number of residential transactions are down on the previous year, month-to-date levels continue to increase by almost 20% as we move further into the Spring. Today’s
Firms regulated by the Council for Licensed Conveyancers (CLC) will have to submit at least one application for professional indemnity insurance (PII) two months ahead of the renewal deadline, under plans agreed by the governing
On the 25th May, Women in Residential Property will be running a webinar (12pm – 1.30pm) addressing the topic of Leasehold Reform. Heralded as the ‘biggest changes to leasehold in 40 years’, the proposed package
New research from Unlatch found that once a property reaches the market and is listed for sale, it takes an average of 63 days for an existing property to reach sold subject to contract status
New analysis reveals 450,000 homeowners in England and Wales are at risk of becoming mortgage prisoners because their leases have run down to less than 75 years, the crucial threshold for mortgage finance, including lifetime
Spring has reportedly sprung in the UK property market with the latest RICS Residential Market Survey showing the number of new homes listed for sale has risen for the first time in twelve months, despite
HM Land Registry’s monthly price index for February reveals average house prices have increased 0.5% since January 2022. Annually an increase of 10.9% has been tracked, valuing the average property in the UK at £276,755.
Following consultation on the future of post six-year run-off cover, the Solicitors Regulation Authority (SRA) has announced that it will seek a further 12-month extension to the Solicitors Indemnity Fund (SIF) – to September 2023
The latest research by the new-build sales optimisation platform, Unlatch, has revealed that the impact of the Help to Buy scheme within the new-build sector has been in slow decline, despite Help to Buy transactions
Home moving platform, Stipendium, has revealed that the average cost of a mortgage deposit on a first home has climbed by 54% in the last decade, pushing homeownership further out of reach for the nation’s
It will now be a requirement to include UPRNs in the new BASPI form. On 31st March 2022, trade and representative bodies representing the legal, surveying, estate agency and property management sectors launched a new
RICS moves forward with Valuation Review implementation as views sought on UK Red Book changes. Senior chartered surveyor, Richard Waterhouse FRICS, has been appointed to chair an expert sub-committee that will oversee implementation of the
Halifax has published its latest House Price Index for March. The index shows that house prices increased by 1.4% in March, the largest monthly increase in six months, climbing by 11% month-to-date. Average house prices
Requests for personal information can now be made through a new digital service. A new digital service allowing individuals to request personal information is now available which aims to improve the user experience for subject
The CLC has made changes to the way that fees are collected following a full consultation over the summer of 2021 and approval of the proposals by the Legal Services Board. As a result of
Housing association tenants of long leasehold flats and the service charges they pay are to be included for the first time under a revised service charge residential management code. This, alongside other proposed changes are
HMLR has announced that it will be moving all application types to the Digital Registration Service this year, including leases and transfers of part, months earlier than originally planned. In November 2022, HMLR announced that
Nationwide’s February House Price Index (HPI) reveals that annual UK house price growth was up by 1.7% month-on-month, increasing to 12.6% in February, from 11.2% in January. The index also reveals that average house prices
Today’s Conveyancer in partnership with Women in Residential Property is delighted to offer our readers an exclusive 20% discount on tickets for the next WIRP lunch which will take place in London on 21st April
Nearly two-fifths of UK homebuyers (38%) have experienced a property purchase fall through due to mortgage delays, new research by Butterfield Mortgages Limited has found. Following an independent survey of 690 UK mortgage customers, it
The latest Homebuyer Hotspots Demand Index by the estate agent comparison site, GetAgent, has found that homebuyer demand fell during the first quarter of the year, following the final curtain for the stamp duty holiday
The Equity Release Council has announced that the option for borrowers to make penalty-free partial repayments, will become a fifth “standard feature” for all equity release providers, with immediate effect. Introduced on Wednesday 28th March,
Legal and professional services firm Knights has completed acquisition of Langleys Solicitors of York and Lincoln, in a deal worth £11.5 million. As one of the most well-known and substantial legal practices in York, Knights