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Homemovers not put off by interest rate hikes as Land Registry data shows boost in transactions during August Suggestions of an imminent downturn are beginning to unwind as UK residential property transactions soared once again
The National Property Law Conference 2022: Roadmap to the Future, Thursday 13th October From the race to net-zero carbon emissions by 2050, to the digitalisation of property transactions – the future of property law is
The Monetary Policy Committee of the Bank of England voted 5-4 on Thursday that interest rates in the UK should be increased by 0.5 percentage points to 2.25% – the highest rate in 14 years,
House prices in the UK are set to rise by an average of £14,000 over the remainder of 2022, according to new industry analysis. The increase of 5% would come despite the turbulent economic conditions,
Rates of stamp duty land tax (SDLT) will once again become the subject of change as Liz Truss looks to cut the tax on moving homes in a mini-budget this Friday. This has led to
New analysis has suggested that the amount of wealth being released through equity release could pass £6.5 billion by 2025 after more than a decade of increasing popularity and growth. In 2011, UK homeowners released
Despite the economy throwing almost every imaginable obstacle in the direction of the housing market, it seems that, as of July, the market is refusing to be beaten. Indeed, HM Land Registry’s (HMLR) latest house
Law Society issues guidance for conveyancers on how to navigate completions set for the 19th September amid Bank Holiday confusion Following King Charles III’s confirmation that Monday 19th September is to be a Bank
The total value of mortgage arrears in the UK fell to the lowest level seen since records began in 2007, the Bank of England revealed in publishing the Q2 Mortgage Lenders and Administrators Statistics (MLAR).
The Law Society of England and Wales has responded to a Solicitors Regulation Authority (SRA) discussion paper on the future of the Solicitors Indemnity Fund (SIF), outlining three key principles for consumer protection in relation
Midway through King Charles III’s proclamation, it was confirmed that Monday 19th September – the date of Her late Majesty Queen Elizabeth II’s state funeral – would be a Bank Holiday. This is logical in
“Cradle-to-grave” digital conveyancing round the corner as PEXA and LMS successfully launch new digital remortgaging products Last week was nothing short of momentous for the remortgage market, with two key market players announcing pioneering developments
A leading law firm is set to waive its conveyancing fees if clients’ property purchases do not complete before the date their mortgage offer expires. With offers expiring or being withdrawn at an increasing rate
As the country mourns Queen Elizabeth II’s passing, Today’s Conveyancer looked back at the development of the law and society during Her late Majesty’s glorious reign. The Queen died peacefully at Balmoral this afternoon. The
New data has suggested that the time taken for a transaction to complete fell considerably in July to the lowest level seen in the last 12 months. Data agency TwentyCi reported that the time taken
It is ill-founded to suggest that the market is on the precipice of catastrophe: the latest Land Registry data shows house prices are still on the rise, with transactions also soaring in July. Significantly, the
Here are some handy technical tips from a solicitor that you already have at your disposal but may not know about know about. With everyone working from home either permanently or on regular basis, it
New affordability analysis from Rightmove has revealed that, despite the affordability challenges facing first-time buyers, their demand is up 32% from pre-pandemic levels in 2019. Affordability is undoubtedly worsening: the average first-time buyer type home
Simon Clarke has been named as the new Secretary of State for Levelling Up, Housing and Communities. He succeeds Greg Clark, whose short stint came after the extended period whereby Michael Gove was in charge
The findings of a new report into the mortgage market have painted the picture of a market that is refusing to die down despite the distress placed upon prospective homebuyers’ pockets amidst the current economic
The Financial Action Task Force (FATF) has published new guidance on anti-money laundering (AML) risks in the property industry. This follows a consultation in March and April 2022 on the issue, where contributors called for
Liz Truss has been announced as the new Prime Minister of the United Kingdom. Ms Truss was today declared as the winner of a contest for leadership of the Conservative Party between herself and Rishi
Mortgage approvals increased slightly in July, according to data released by the Bank of England on Tuesday. This is the latest showing of the housing market’s resilience amidst the turbulent economic environment. July 2022 saw
The Conveyancing Association (CA) – the leading trade body for the conveyancing industry – has launched a new survey of all conveyancing firms asking them to share details of the conveyancing process they follow and
The Conveyancing Association (CA) has announced PEXA, a digital platform for transacting remortgage cases, as its latest Affiliate member. PEXA, the FinTech behind the world’s first digital property exchange process, has recently launched in the
Industry analysis has revealed that since the Bank of England began to increase interest rates in December of last year, the average number of homes purchased with the help of a mortgage has declined by
The government has announced changes to planning guidance with the effect of giving new homes better protection from flooding. The new guidance will require councils to ensure that developments meet strict criteria in locations at
The vast majority of homeowners would be less likely to sell their property should values begin to dip, new research has found. This has sparked concerns of a “homeseller drought” if – perhaps when –
Conveyancers are “under pressure” as caseloads remain significantly elevated from pre-pandemic levels, with Search Acumen’s latest Conveyancing Market Tracker showing a 34% increase in their workloads. The Tracker also showed that the typical firm registered
New market analysis has found that mortgage activity is set to drop over the rest of 2022 as the market feels the brunt of interest rate hikes, with some estimating a fall of as much
The Register of Overseas Entities was launched on 1st August and the land registration elements will come into force on Monday 5th September – one week from today. From this date, applications to HM Land
Home buyers are regularly gazundering the seller at the last minute and forcing them to take thousands of pounds less for their property, with one firm claiming that it is occurring as regularly as once