Editor of Today’s Conveyancer, Today’s Wills and Probate, and Today’s Family Lawyer
Contact
Estate agents are set to utilise artificial intelligence (AI) to create listings more quickly when selling a property using OnTheMarket, it has been revealed. OnTheMarket says the AI-powered assistant means agents will be able to
A new study has revealed over half of homeowners (53%) would be prepared to pay for a home information pack (HIP) if it meant avoiding a fall-through. This comes according to digital property pack provider
Members of the Association of Leasehold Enfranchisement Practitioners (ALEP) have set out their predictions for the next phase of leasehold reform, with legislation now expected to be introduced in the next parliamentary session. In February
The average five-year fixed mortgage rate has surpassed 6% for the first time since November, according to data from Moneyfacts. Specifically, the average five-year deal now sits at 6.01%, and the average two-year fixed deal
New research has revealed potential buyers of leasehold properties are now more alert to the issues that may arise, with agents subsequently finding such properties harder to sell. This comes according to agency membership body
Home buying and selling ecosystem adoor has announced a partnership with LEAP, one of the UK’s leading practice case management system providers. adoor connects all stakeholders involved in a transaction, from home buyers and sellers
New research has revealed that housing affordability – measured by comparing average earnings with average property prices – is less than half of what it was in the 1990s. According to House Buyer Bureau, whose
Analysis of HM Land Registry data has revealed transactions so far this year are down 54% on the second part of last year. The 147,223 homes that have sold across England and Wales have been
More conveyancing firms are set to be able to access LMS’ range of digital tools through their own CMS platforms following the launch of a new “Plug and Play” solution. LMS say the technology, developed
The Law Society of England and Wales has set out its vision for the “important role” that the legal profession must play in the advancement of artificial intelligence (AI), including the implementation of standards and
New research has revealed one in 10 UK mortgage holders will not be able to afford their mortgage payments if the cost of living continues to rise, according to research firm Opinium. It’s also reported
New data released by Twenty7Tec has revealed remortgage searches on its platform soared by 21.9% between May and June of this year. This comes as the Bank of England has continued to push up the
Two providers of conveyancing services have been included within The Sunday Times’ list of the 100 fastest growing companies in the UK. The companies – Muve and AIIC Holdings, which owns Taylor Rose MW –
Both property transactions and mortgage approvals increased marginally from the previous month in May, data released by HM Revenue & Customs and the Bank of England has revealed. Mortgage approvals The Bank of England said
The government has been urged by one of the leading British economic think tanks to halve Stamp Duty Land Tax (SDLT) as part of its efforts to boost economic growth. SDLT currently stands at 5%
The Law Commission of England and Wales has suggested the creation of a new third category of personal property as part of reform of the law relating to digital assets. Digital assets – which include
A new partnership between online conveyancing platform Optimus and digital homeownership platform Better.co.uk has been announced with the intention of cutting transaction timelines by “approximately six weeks”. Optimus, which is part of Landmark Information Group,
The next phase of the material information rules for estate agency listings will begin this Autumn, it has been revealed. Part A of the project put forward by the National Trading Standards Estate and Letting
New figures from Zoopla have revealed 42% of sellers are accepting a discount of 5% or more off the asking price to secure a sale – the highest level since 2018. What’s more, 15% are
The Royal Institution of Chartered Surveyors (RICS) has announced that all members of its Standards and Regulation Board (SRB) have tendered their resignation. This follows a letter of resignation from Dame Janet Paraskeva, who is
Administrators have found buyers for parts of the network of law firms operating under the umbrella of Law Direct Limited, it has been revealed. Regarding the sale process, the Law Society Gazette reported: “The sale
The Open Property Data Association (OPDA) has announced the appointment of eight members to its inaugural executive committee in an effort to further promote the use of open property data and standards. OPDA says it
Amidst ongoing disquiet regarding leasehold properties affected by the Building Safety Act 2022 (BSA), conveyancers have been told that lenders are not expecting them to “take out a tape measure” in confirming the height of
The government has confirmed that it has agreed with lenders a range of new support measures for mortgage holders in the face of rising interest rates and an increasingly tight affordability squeeze on borrowers. The
Well-known estate agency commentator Russell Quirk has said the lack of any regulation of estate agents is “completely outdated”. Quirk, who regularly appears in national media to discuss the property sector, founded online estate agency
A new conveyancing search provider promising an alternative service has been launched by Jeremy Dorkins and Kevin Johnson. On Point Data is positioning itself as a “new alternative to traditional conveyancing search providers” with an
The Monetary Policy Committee of the Bank of England has voted 7-2 to raise interest rates by a further 0.5 percentage points from 4.5% to 5% in an effort to combat ongoing inflation, which stands
The vast majority of conveyancers have seen an increase in the number of enquiries in transactions of late, a new survey has found, with lack of CQS enforcement, poorly trained staff, and overly automated processes
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
New research has suggested that upfront information at the point of listing a property could see as many as one in seven fall-throughs avoided. Property data specialist Sprift analysed 1.2 million listings across 2022 to
New data from Rightmove has revealed the number of buyers enquiring to estate agents about properties for sale over the last two weeks was 6% higher than the same period in 2019 before the pandemic.
LMS has announced the launch of its newest Secure Link technology which it says will enable messaging between firms – including enquiries and document sharing – while improving turnaround times and minimising fraud risk within