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The majority of conveyancers believe their firm tends to reduce prices based on what competitors may charge to at least some extent, thus engaging in a “race to the bottom”, a new survey has found.
What are the challenges facing frontline residential conveyancers in 2023, and what is the profession – and those that look out for its interests – doing about it? The formation of the Digital Property Market
A new “mystery shopping” study of 230+ law firms offering conveyancing across the UK has revealed the ways in which firms can improve their call handling to avoid missing out on work. The study –
A new report has suggested the housing market is “continuing to lose ground to the effects of higher mortgage rates” with new buyer enquiries and sales declining in July. The Royal Institution of Chartered Surveyors
The Law Society has described improved access to housing legal aid as “critical” amidst rising repossessions and landlord evictions. According to quarterly statistics from the Ministry of Justice for April to June 2023, mortgage possession
An “ecosystem” around property logbooks is said to be emerging with two new technology providers signing up for integration with the Residential Logbook Association’s Register of Logbooks this week. A digital property logbook aims to
By putting those at the cutting edge of innovation in the artificial intelligence (AI) arena under the microscope, a clearer view of how AI might influence conveyancing both now and in years to come will
Nearly a third of estate agents are concerned that further upfront information rules will be “another admin burden”, a new survey has found. Ahead of further details on the requirements of Material Information Parts B
The UK will avoid a housing market crash in spite of the Bank of England raising the base rate to 5.25% on Thursday, the majority of a panel of experts have suggested. The panel –
The Law Society of England and Wales has set out the changes it sees as necessary with regards to the UK Finance Handbook and building safety legislation. Conveyancers have been battling new rules – chiefly
HM Treasury has launched a consultation setting out four possible models for AML supervision with potential implications for sales and letting agents, property auctioneers, and high-value dealers across the UK. The proposals are in line
The number of new home registrations in Q2 2023 was 42% lower than the same period last year with completions also down 11%, the National House Building Council (NHBC) has revealed. In total, 38,044 new
‘From a search company at heart to a conduit in the conveyancing journey’ InfoTrack have been on some journey in recent years. What started as a search company in Australia is now a conveyancing technology
A government report into homeowners’ attitudes towards commonhold “clearly shows the intended direction of travel for leasehold reform”, according to the Association of Leasehold Enfranchisement Practitioners (ALEP). The report – “Living in and looking after
Property transactions and completions are “faltering” amidst ongoing affordability concerns with completions down 39% on this time in 2019, Landmark Information Group’s latest report has revealed. Landmark’s Q2 Residential Property Trends report encompasses the entire
The Residential Logbook Association (RLBA) has launched a new “Digital Deed Pack” that will standardise the creation of new logbooks and allow integration between Logbook systems and firms’ case management systems. This RLBA – which
Upfront information is often described as a necessary step for the homebuying process; as a means of cutting fall-throughs while speeding up transactions. It’s clear that consumers want it, the studies suggest it will succeed
Two thirds (63%) of homebuyers would be prepared to sue a seller who failed to declare the presence of Japanese Knotweed on a property before they bought it, new research has found. Despite the risks
The Bank of England is still expected to raise interest rates again next month despite a slowdown in inflation during June, one key finance figure has suggested. According to Nigel Green, CEO of financial giant
Nearly nine in 10 property professionals are not worried about the prospect that artificial intelligence (AI) could make their role within the workplace obsolete in the future, a new survey has revealed. The study commissioned
Talbots Law has acquired Wright Solicitors in what has been described as a “massive boost to [the] Black Country legal landscape”. The acquisition by Talbots – which is owned by its now over 400 employees
The housing market defied speculation of a potential crash in the second quarter of this year as several key indicators – including sales agreed – painted a picture of “remarkable resilience”. This is according to
The Royal Institution of Chartered Surveyors (RICS), has launched an eight-week consultation in a bid to gather input from RICS members and industry professionals on the new RICS Residential Retrofit Standard for 2023. This new
Smoove plc has confirmed that discussions have “advanced constructively” between itself and PEXA regarding a possible takeover, and that in order to allow formal due diligence to take place the deadline for an offer has
A claim that conveyancers must hurry up in order to avoid estate agencies going out of business has been met with widespread rejection and disdain from those within the profession. It was suggested on Thursday
The process of buying a home from instruction through to completion took nearly a third (28%) longer in 2022 than it did in 2019 prior to the pandemic, new data has revealed. In a report
Key conveyancing data and technology provider TM Group has announced its sale to European investment firm AURELIUS. AURELIUS, which is set to provide further investment to support TM Group’s growth, describes itself as having a
RICS’ latest UK Residential Market Survey suggests a deterioration in sales activity is on the horizon as June saw new buyer enquiries slip to an eight-month low in the face of rising mortgage rates. As
Property technology provider Coadjute has announced the launch of its Digital Property Data Pack service, which it says is set to significantly cut transaction times. Designed to simplify property transactions by automatically collating data from
Many estate agencies are at risk of going out of business due to the amount of time conveyancers are taking to complete property transactions, one law firm has claimed – and conveyancers have responded en
More than four out of 10 buy-to-let landlords (41%) are planning to buy more property in the next 12 months, a new survey has revealed. The main reason for considering buying by 35% of respondents
Mortgage rate rises are like “rolling financial thunder” that will cost hard-pressed families hundreds of pounds a month, according to Labour’s shadow chief secretary to the Treasury Pat McFadden. McFadden was commenting after it was