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The number of transactions slowed in September yet remained comfortably above pre-pandemic levels, the latest data from HM Land Registry (HMLR) has revealed. The provisional non-seasonally adjusted estimate of UK residential transactions in September 2022
The Council for Licensed Conveyancers (CLC) is to “make greater use of its enforcement powers as it looks to ensure it is a proportionate regulator”, chief executive Sheila Kumar has said. Ms Kumar says that
HM Land Registry (HMLR) has confirmed that house prices across the UK climbed a further 0.9% in August 2022 to an average of £295,903, totalling an annual price change of +13.6%. House price growth was
Liz Truss has announced her resignation as prime minister of the United Kingdom and leader of the Conservative Party. In doing so, she becomes the shortest-serving prime minister in history with her reign having ended
The average cost of moving home in England has jumped by £2,430 since 2021 to reach a record high of £14,207 – with conveyancing fees one of the key expenses on the up. The 21%
New research has shown that over 55s received a striking £1 billion per day in increasing property values between the start of the pandemic and June 2022. Analysis of ONS statistics by financial services firm
A new study of 600 estate agents across the UK has found that over two in five (42%) of agents have seen a fall in buyer demand levels in the current market. A further 43%
Chancellor of the Exchequer Jeremy Hunt has confirmed that almost all tax measures included in the mini-budget will be reversed, though the cuts to stamp duty land tax (SDLT) will remain in place. Hunt’s predecessor
The debate surrounding the duty to advise clients on climate change risks continued its ascension towards the top of the conveyancing industry’s agenda at the Law Society’s National Property Law Conference on Thursday. Taking to
Several months of economic uncertainty followed by a succession of interest rate hikes is finally set to take its toll on a market that has until now remained unshakeable, data from several sources has suggested.
With mortgage fees soaring, inflation remaining rampant, and the evidence showing a consistent decline in new buyer enquiries, a property market slowdown is certainly on the cards. Firms and their conveyancers will rightly be asking
A recent report has claimed conveyancers can expect transactions to rise by as much as 5% in 2023 with a market value increase of 4% despite the uncertainties that plague the market. Within IRN Legal
Jeremy Hunt has been confirmed as the new Chancellor of the Exchequer, becoming the fifth person to occupy Number 11 Downing Street since 2019. This comes as Kwasi Kwarteng was pushed out of Truss’ government
The Law Society of England and Wales has confirmed that Lubna Shuja was this week inaugurated as its 178th president, becoming the first Asian, first Muslim, and seventh female president of the Society. This is
The latest RICS UK Residential Market Survey has revealed that new buyer interest fell for the fifth consecutive month in September, leading to RICS’ ominous declaration that “storm clouds are clearly visible” for the housing
Homebuyers are willing to pay a “green premium” of nearly 10% in order to secure a more energy efficient home, according to a new report from Santander. The study – Buying into the Green Homes
Dubbed the “Great Disconnection”, white-collar workers in the UK are increasingly disengaged from their workplace – and the resulting financial impact cannot be understated. In the wake of the pandemic, the figures show that a
MoveGenius, the onboarding platform aiming to halve fall-throughs and reduce the time to exchange by as much as 40%, has secured £350,000 in pre-seed funding. The ambitious start-up, which was founded only four months ago
The Department for Levelling Up, Housing and Communities (DLUHC) has taken the first step in legal action against homebuilders to protect residents and ensure proper building safety. Grey GR Limited Partnership, the freeholder of Vista
The number of solicitors on the roll reached an all-time high in 2021, while record numbers of students graduated with law degrees, a new Law Society of England and Wales report has revealed. Resulting from
New analysis has led to claims that September was the “second-busiest month ever” for total mortgage searches – behind March 2022. Twenty7Tec made the claim based on the data retrieved from their mortgage platform, with
Kwasi Kwarteng’s mini-budget contained many elements that can only be described as having a seismic impact. One less controversial – but nonetheless crucial – policy change is that of the “investment zones” set to be
New market analysis has suggested that buyer demand levels were on the decline in the third quarter of 2022 as the harsh economic climate begins to tighten its vice on the property market and consumers.
The holidays are over but the “tantalising carrot” remains – what impact will the stamp duty have on the property market? Conveyancers around the country held their breath as Chancellor Kwasi Kwarteng made his way
Legal profession looks to action, not words as it celebrates Black History Month The theme for Black History Month is “Time for Change: Action Not Words,” which will encourage people to improve the future by
The 1st September marked one year since the Solicitors Regulation Authority (SRA) introduced the Solicitors Qualifying Exam (SQE), marking the biggest change to how aspiring solicitors can enter the profession for almost 30 years. Here,
As the perpetual war on economic crime continues to be waged, a new Bill introduced into the House of Commons on 22nd September could be set to offer much needed reinforcements to solicitors’ regulators. The
Two of the UK’s foremost mortgage lenders have ceased to offer mortgages for new customers in what comes as a stark reflection of the economic climate faced by banks and consumers alike. Virgin Money and
Labour leader Keir Starmer has unveiled his party’s plans to remedy the ills of Britain’s housing market and help as many as 1.5 million people onto the property ladder. In an address to Labour’s annual
Conveyancers around the country will be preparing for yet another uptick in demand as Chancellor Kwasi Kwarteng announced stamp duty land tax (SDLT) would be cut as part of his mini-budget 2022. What’s more, with
Where does the responsibility for climate change risks fall when it comes to moving home? This is the question posed by conveyancing search body the Conveyancing Information Executive (CIE) at their inaugural conference in October.
Capturing the industry’s reaction following announcement that stamp duty will be cut Following Chancellor Kwasi Kwarteng’s announcement that stamp duty land tax (SDLT) would be cut as part of his mini-budget on Friday, Today’s Conveyancer