February’s HMRC monthly transaction data shows that while the number of residential transactions are down on the previous year, levels are still well above average activity. Provisional non-seasonally adjusted property sales were 96,250 in February,
The latest house price data published by HM Land Registry (HMLR) for January 2022 shows that average house prices in the UK increased by 9.6% in the year to January 2022, down from 10% in
Property purchasing specialist, HBB Solutions, has revealed that the vast majority of UK homebuyers want to see the practice of gazumping made illegal, as one in 10 fell foul of the backhanded practice during their
Latest tax data released by HMRC reveals that stamp duty continued to perform strongly with receipts of £16.9bn in the year to February. This is a significant £6.1bn higher than in the same period last
Research by GetAgent.co.uk reveals that since the pandemic-inspired SDLT holiday came to an end, the amount of stamp duty the average homebuyer in England is now required to pay is 84% higher than it was
Today marks the two year anniversary since lockdown measures were first introduced in England to help combat the spread of the global Covid-19 pandemic. Now that restrictions have lifted, with no further isolation requirements and
A clear majority of people in the UK reject the rationale underpinning the government’s Nationality and Borders Bill which singles out those who have to take a clandestine route to safety, a new poll by
Solicitors in England and Wales will mark the start of Neurodiversity Celebration Week, which challenges stereotypes and misconceptions about neurological differences. Law Society president I. Stephanie Boyce said: “I am pleased to mark the start
The shortage of homes for sale and continued strong demand from buyers will drive house prices up by 5.5% over the next three months (March to May 2022) to a new all-time high of £352,984,
A firm specialising in the provision of upfront information has said that, while the first changes to upfront information are happening, it is not until full material disclosure that we are likely to see any
Rightmove’s March House Price Index report reveals another new price record as the average price of property coming to market jumps by 1.7% (+£5,760) this month to £354,564, breaking through the £350,000 barrier for the
Propertymark’s latest analysis of February’s market activity reveals a slightly rosier picture for the property pipeline as we move into the spring months. The report shows that the average number of properties listed per Propertymark
The National Leasehold Campaign (NLC) welcomes the announcement from the CMA detailing that, as part of their ongoing work into leasehold mis-selling, they have reached agreement with 15 freeholders that bought leases with onerous ground
The British Conveyancing Awards, sponsored by Dye & Durham, brought the conveyancing industry together en masse for the first time in 2022 in a celebration of excellence up and down the country. Hosted in the
The Association of Leasehold Enfranchisement Practitioners (ALEP) has awarded three new Honorary Memberships in recognition of contributions to the debate around leasehold enfranchisement and reform. Barristers Tamsin Cox and Anthony Radevsky of Falcon Chambers and
News that the Economic Crime Act has received Royal Assent has been welcomed by the Law Society of England and Wales. In a recently issued press release the Law Society president I. Stephanie Boyce commented:
The latest RICS Residential Market Survey reveals that sales of homes in the UK strengthened in February. The uptick is believed to be due to renewed interest from new buyers, despite the Bank of England’s
LMS has published its latest round of remortgage analysis, revealing January trends and market activity, predicting that “collaboration and innovation will be key to progressing high levels of demand in 2022”. Although the LMS monthly
Michael Gove has issued a response letter to the Home Builders Federation on proposals to pay for building safety. In the letter to the Home Builders Federation on their proposals to pay for building safety,
On International Women’s Day 2022, some of the staff at Aconveyancing share their thoughts on being a woman in the workplace. Laura Foster on working throughout pregnancy Being pregnant and working is tough, in any
Twenty years of providing peace of mind: DWSN and the Law Society celebrate the 20th anniversary of the residential CON29DW. The Drainage and Water Searches Network (DWSN) is a membership organisation for companies who are
#TheWIZE is the legal sector’s favourite digital magazine. In this episode “The problem with SDLT”, Winslows MD, Andrew Waddell and Property Tax Specialists and SDLT expert Sharron Carle field the latest SDLT questions and conundrums
Latest HMLR Transaction Data has been published, providing information about the number and types of applications that HMLR completed in January 2022. In January more than 1,771,690 applications to change or query the Land Register
Amendments to the Building Safety Bill would ensure that all leaseholders are treated equally when it comes to cladding remediation. An amendment tabled last week is proposing to remove prior amendment 64, which states that
HMRC monthly transaction data reveals a dip in residential property sales for January. Non-seasonally adjusted property sales were 85,520 in January – down 22.2% from December, and down 12.6% from a year earlier. Although figures
The Legal Ombudsman has launched a consultation on proposals to reduce the timeframe in which clients can make complaints about solicitors. Currently complaints are permitted within six years of a mistake, or within three years
The price of property coming to market has risen by 2.3% this month (+£7,785) to a record £348,804, the biggest monthly jump recorded by Rightmove in more than 20 years. The property website says that
LMS’ 2021/2 annual Snapshot reveals remortgaging activity trends across 2021 and gives predictions for the 2022 market. Key activity in the remortgage sector last year included increased instructions as borrowers shopped around for better deals.
Property purchasing specialist, HBB Solutions, has revealed that one in five property transactions will collapse, costing UK homebuyers and sellers £880.4m in 2021, a £74m increase on the previous year. HBB Solutions analysed the number
The number of homes coming onto the market rose sharply in January, according to new research published by Propertymark. Data collected from its members shows an average 80% increase in new instructions per branch, up
Credas Technologies, an identity verification service, has revealed that there were an estimated 5.5m anti-money laundering (AML) and identity checks conducted across the UK property market over the last year, at a cost of £15.5m.
Gove announces that developers of unsafe blocks who “can afford to pay” will be forced to cover the costs of removing dangerous cladding from buildings. The housing secretary, Michael Gove, has announced proposed changes to