Editor of Today’s Conveyancer, Today’s Wills and Probate, and Today’s Family Lawyer
Contact
Research has revealed 26% of homemovers report being dissatisfied by the service received from their conveyancer, with one in five suggesting they would opt for a different firm next time around. According to Smoove’s Home
The Council for Licensed Conveyancers (CLC) has announced a freeze on its application fees, licence fees, and regulatory fee rates for the coming year. This comes after the regulator ran an open consultation over the
HM Land Registry (HMLR) is among the 125 government departments that have this week voted for strike action amidst ongoing disputes over pay, pensions, jobs, and redundancy terms. Coordinated by the Public and Commercial Services
New research has suggested the current conditions within the market have left the homeownership dreams of many aspiring first-time buyers “in tatters”. Specifically, Leeds Building Society’s research, which was conducted in the aftermath of the
The economic climate is beginning to take its hold on the property market – that much is apparent. But to what extent is this already impacting conveyancing instructions? Of course, instructions are not a reflection
New research has claimed UK residential property transaction volumes fell by an average of 24% over the last six months compared to the previous six-month period, with some regions seeing a drop of as much
New data from UK Finance has revealed home repossessions soared 15% in Q3 amidst the onerous economic terrain. A total of 700 homeowner mortgaged properties were taken into possession in the third quarter of the
The Society for Licensed Conveyancers (SLC) has urged caution as two of the firms within the Metamorph legal consortium – MLL Limited and Beaumont ABS Limited – are said to be facing a new winding-up
New analysis has suggested conveyancers should prepare for residential property transactions to fall by a striking 28% from pre-pandemic levels during 2023. Savills’ transaction volume forecast for 2023-2027, which is based on economic forecasts from
New research has revealed that fall-throughs were up 9% in Q2 2022 on the previous quarter, and the increasing costs involved mean the property market is a quarter of a billion pounds out of pocket.
New data from the Bank of England shows mortgage approvals decreased “significantly” between August and September, falling from 74,400 to 66,800 – or a 10.2% month-on-month decrease. This is also a 7.3% drop from the
The number of reports received by the Solicitors Regulation Authority (SRA) regarding potential breaches of money laundering regulations fell by 8% from 273 to 252 between the 2021/22 financial year and the year prior, new
The issue of property developers applying unreasonable pressure upon conveyancers has once again risen to the fore – but just how common is this issue? “How far has this got to go before the walls
The Bank of England’s Monetary Policy Committee (MPC) has voted 7-2 to raise the Bank Rate from 2.25% to 3%. The hike in rates is the biggest of its kind since Black Wednesday when rates
The Legal Ombudsman (LeO) has confirmed that changes to its Scheme Rules, which will aim to make it harder for clients to complain about legal services, will come into effect on 1st April 2023. One
The Legal Service Board (LSB) has published a new approach to regulatory performance. It invites the front line legal regulators to take the lead on demonstrating that they are well-led and have an effective approach
The Law Society of England and Wales has launched a new Junior Solicitors Network (JSN) in an effort to “engage and support junior solicitors, talk about the pressing issues they face, and provide easy access
The Council of Property Search Organisations (CoPSO) has announced that LPG (Legal Protection Group Limited) has become a partner member. Jonathan Woodcraft, LPG Property Services Division Director, said: “I am pleased to announce the launch
Boomin, a property portal founded by the ex-boss of the somewhat controversial Purplebricks, has this week called in liquidators after its latest funding round did not prove fruitful. The portal, which has 65 people on
UK Finance has released a new report proposing radical action to achieve a Net Zero housing stock in the UK. The report, “Net Zero Homes: Time for a reset”, calls for a “strategic reset” in
Following his return as Secretary of State for the Department of Levelling Up, Housing and Communities, Michael Gove has reaffirmed his commitment to a manifesto pledge to build 300,000 new homes per year by the
A new campaign to improve the rights of employees undergoing fertility treatment has this week been launched in Parliament as part of National Fertility Awareness Week. Here’s all you need to know on how you
New research has revealed that owners of haunted houses are forced to knock hundreds of thousands of pounds of the price of their property if they wish to find a buyer for their spooky abode.
Climate change is perhaps the foremost issue of our time, tearing up planet Earth’s rulebook as we know it, and property is especially vulnerable to its impacts. It follows, therefore, that the risk posed by
The Council for Licensed Conveyancers (CLC) has recommended that conveyancing firms should stress test their businesses for resilience to a “significant fall” in work volumes. Explaining the warning, the CLC said “the economic outlook for
The number of solicitors and firms conducting conveyancing work is falling, and new research has suggested that automation is one key factor leading to the change. Across the UK in September 2022, there were over
The Society of Licensed Conveyancers will be holding its Annual Conference in Derby on Wednesday 2nd November 2022. Kate Faulkner will be hosting the conference again this year. Speakers joining her in presenting include Dame
The legal sector is in danger of a surge in cyber-attacks due to a sharp rise in staff using unsecured networks for work, according to new analysis. Employees are increasingly using unsecured public Wi-Fi hotspots
Michael Gove has been announced as the new Secretary of State for the Department of Levelling Up, Housing and Communities (DLUHC). He returns to the post he was sacked from in July, forming another piece
Secretary of State for Levelling Up, Housing and Communities Simon Clarke MP has announced that he will not be continuing his role within new prime minister Rishi Sunak’s cabinet. This comes as Sunak has cut
Rishi Sunak has been declared as the new leader of the Conservative party and therefore the next prime minister of the United Kingdom. This comes as Penny Mordaunt, the other Conservative candidate to officially announce
With the data suggesting the affordability squeeze is taking its toll on the market, it is only natural that conveyancers ask the question: “what happens to our fees?” By many accounts, the conveyancing industry has