New data released by Halifax has suggested January brought “stability” to the market as house prices remained largely unchanged from December. This follows consecutive monthly falls of -2.4% in November and -1.3% in December, according

The government has announced it will amend the Flood and Water Management Act 2010 to make sustainable drainage systems, referred to as SuDs, mandatory on all new housing development by 2024. Currently, SuDs, which typically

New data from the Bank of England has revealed mortgage borrowing fell sharply in December as the macroeconomic headwinds of late 2022 begin to take their hold on the market. The Bank said net borrowing

Michael Gove has stated in no uncertain terms that the “outdated, feudal” leasehold system in England and Wales must be abolished. The Secretary of State for Levelling Up, Housing and Communities told The Times that

Specialist conveyancing practice O’Neill Patient Solicitors has defended itself following national newspaper The Times’ publication of a damning editorial on its practices. The piece, which first appeared on their website on Sunday, is highly critical

The Competition and Markets Authority (CMA) has confirmed it is working towards launching a full market study into the UK’s homebuilding sector. This follows a letter from Sarah Cardell, Chief Executive of the CMA, the

The Bank of England has announced that its Monetary Policy Committee (MPC) has voted by a convincing 7-2 majority to increase the UK’s base interest rate by 50 basis points to 4%. This marks their

HM Land Registry (HMLR) is amongst 124 government departments that will strike on 1st February amidst ongoing disputes over pay, pensions, jobs, and redundancy terms, the Public and Commercial Services (PCS) Union has confirmed. Mark

The government is set to add a “failure to prevent fraud” offence to the Economic Crime and Corporate Transparency Bill which is currently going through Parliament. The new offence could put white collar professionals –

New data from HM Land Registry (HMLR) has confirmed the number of residential property transactions in the UK dropped in December. The Land Registry said the provisional non-seasonally adjusted estimate of the number of UK

A seller who misrepresented the presence of Japanese knotweed on their £700,000 London property has been successfully sued for over £200,000. 41-year-old accountant Jeremy Henderson sold his Raynes Park property to 30-year-old furniture designer Jonathan

A new conveyancing technology platform has been launched hoping to “solve the riddle” and cut transaction times to less than four weeks. The platform – Conveyo – aims to “tap into the work being done

A new tool launched by property data firm TwentyCi could be set to address the “vacuum of market intelligence” within which conveyancers are said to currently operate. TwentyConvey say their tool uses data to offer

New research has revealed a worrying two thirds of lawyers reported experiencing burnout as a direct result of their work. According to recruitment firm Realm Recruit, a further 21% have experienced some degree of stress

The Forces Help to Buy (FHTB) scheme was recently made permanent by the government as part of an “enduring commitment to supporting Armed Forces”. Under the scheme, Service Personnel can borrow up to 50% of

The Department for Levelling Up, Housing and Communities (DLUHC) has announced an extra £60 million of funding for its Brownfield Land Release Fund. The DLUHC said the additional funding, which is set to deliver an

New data from the Royal Institute of Chartered Surveyors (RICS) has revealed buyer demand fell in December 2022 resulting in fewer sales being agreed. RICS’ data also showed a fall in instructions as well as

The Chartered Institute of Legal Executives (CILEX) has completed its acquisition of the Institute of Paralegals (IoP) and its voluntary regulator the Professional Paralegals Register (PPR), the former announced on Monday morning. CILEX said the

New data from Rightmove has suggested there is plenty of cause for optimism as the market showed encouraging levels of activity in the early period of the year. According to the property portal, new buyer

HM Land Registry (HMLR) has urged conveyancers to put a stop to “avoidable errors” in applications in an effort to reduce requisitions. In a blog post on their website, Mike Harlow, Deputy Chief Executive and

New data released by Nationwide has revealed that the affordability strain on borrowers’ pockets is nearing an all-time high. Indeed, the building society says first-time buyers are now spending as much as 39% of their

It has been revealed that more than 1,000 boxes of wills and deeds are yet to be claimed from those Metamorph firms that were shut down last year following intervention by the Solicitors Regulatory Authority.

Climbing rates of property transaction fall-throughs are set to be maintained into 2023 as the cost of borrowing continues to rise, one key industry figure has suggested. This follows new data from House Buyer Bureau

New data has revealed mortgage approvals plummeted in November 2022 to their lowest level since June 2020, suggesting a dip in property transactions may be on the horizon. The Bank of England said mortgage approvals

New data has suggested homebuyer demand across England fell by 9.4% in the final quarter of 2022. Wider economic pressures alongside the increased cost of borrowing pushed property purchases beyond the realms of affordability for