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Call follows publication of SRA’s gender and ethnicity pay gap reports The Solicitors regulation Authority (SRA) is encouraging firms to publish their ethnicity pay gap reports after releasing their latest gender pay gap and ethnicity

tracker mortgages

New research has revealed which age groups are most likely to be on tracker mortgages, with some experts suggesting tracker deals could result in lower payments. With those on tracker mortgages seeing significant hikes in

600,000 homes in England could flood

NIC calls for £12 billion investment in drainage infrastructure A report by the National Infrastructure Commission (NIC) has found that over 600,000 homes in England could be at risk to flooding in the near future

FTT rules against HMRC

Appeal finds transaction should have qualified for mixed-use rates The First-tier Tax Tribunal (FTT) has ruled that the purchase of a barn conversion and its surrounding land should have been charged 5% stamp duty land

HMRC fines 24 firms for AML breaches

Further fines announced for failing to apply for AML registration HMRC has fined an additional 24 firms for anti-money laundering (AML) breaches between April and June 2022. The latest fines issued were made to estate,

mortgage term over 30 years

According to the UK Finance Household Review for Q3 2022 half of all first-time buyers, and over a quarter of home movers opted for a mortgage term over 30 years. This years Q3 figures are

Hunt's "stretchy mortgages"

Research shows plans could save homeowners over £170 a month The latest mortgage market analysis reveals that, with homeowners paying increasingly expensive mortgage repayments, Jeremy Hunt’s proposed idea of stretchy mortgages could save them £171

housing market in "the hands of buyers"

Report also suggests that market is shifting towards pre-pandemic levels According to the latest report from Propertymark, almost three-quarters (72%) of their branches said most of their sales were below the asking price. This was

housing supply update

Report finds all parts of housing development saw growth in Q3 Savills have published their housing supply update for Q3, revealing rises in the numbers of completions, consents, and new home starts. The update also

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SRA rejects claims that guidance is too complicated to follow The Solicitors Regulations Authority (SRA) have announced they will be clamping down on firms who are not complying with transparency rules. The SRA are reviewing

mortgage applications for flats

A number of major UK banks will start considering mortgage applications for flats with dangerous cladding. Banks had previously not considered applications for flats with cladding issues following the Grenfell Tower disaster in 2017 which

FCA fines Santander

Investigation reveals failings amassed over almost five years The Financial Conduct Authority (FCA) has fined Santander over £100 million due to “serious and persistent gaps” in its anti-money laundering (AML) processes. The FCA found that

Leeds Building Society

The Director of Mortgage Distribution at Leeds Building Society, Martese Carton, claims that government plans to scrap housing targets will result in as many 100,000 fewer homes being built per year. The latest Levelling Up

Report reveals the foreign homebuyers who are most benefitting from dip in sterling According to the latest research, it has been revealed that it’s foreign homebuyers from the United States who have benefited from a

legal sector reluctant to accept remote working

Study shows remote working rise across most industries, except amongst law firm firms Research has revealed that the number of employees returning to office work rather than remote working is not likely to increase, but

Christmas TV and film Homes

With the Christmas season upon us, research has looked into the most valuable home to feature in a popular Christmas film or TV show belongs to the glamorous Edina Monsoon, although even Del Boy is

North west firm expands its team

North west law firm SAS Daniels LLP has appointed a quintet of conveyancing assistants and promoted a senior property lawyer to partner. Steph Lyke has been promoted to partner in the residential conveyancing team after

pay becomes lawyer's top priority

Pay overtakes flexibility for lawyers’ top priorities According to the latest research, pay is the most important factor for lawyers when choosing who to work for. The research, conducted by Realm Recruit, claims to show

bridging loan lending rises nearly 50%

Rising base rate causes increase in bridging loans, findings show The latest market analysis reveals that bridging loan lending has increased by nearly 50% since the Bank of England base rates began rising at the

pandemic property market boom has faded

Less homes selling within two weeks of reaching the market, study shows New research has revealed that the pandemic property market boom has started to fade, as the level of homes being snapped up within

productivity could stagnate due to "quiet quitters"

51% of managers claiming they are having to take on extra work due to “quiet quitters” Almost half of workers under the age of 30 have stated that they only intend to do the “bare

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The Solicitors Regulation Authority’s (SRA) proposals for a new post six year run-off cover (PSYROC) scheme should secure long-term consumer protection, the Law Society of England and Wales said today in response to a consumer-focused

The Royal Institute of Chartered Surveyors sign in white on the exterior of the building

The Royal Institution of Chartered Surveyors (RICS) has relaunched its consumer guide on flooding amid reports that extreme flooding could become more common in the UK due to the effects of climate change. The publication

fire safety forms causing rise in fall throughs

Benham and Reeves calls to streamline the fire safety process to reduce disruption on property market A London lettings and estate agent has called for EWS1 forms, which concern the fire safety of external wall

costs of homes now £76,000 in first year

Research shows what buyers are cutting back on and the average cost of owning a home According to two new studies, homebuyers across England are having to cut back for years in order to get

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The Legal Ombudsman (LeO) needs to do more to show that it can control its very high costs, the Council for Licensed Conveyancers (CLC) warned today. While the CLC said its confidence that LeO can

operation protect the housing market

A financial services company has described the Bank of England’s (BoE) decision to raise interest rates as “operation protect the housing market”. The BoE announced on November 3rd that it is further raising the base

improving property searches

Conveyancers facing lengthy delays for property searches can choose a better route, according to the association which represents independent search experts. IPSA, the Association of Independent Personal Search Agents, launched its #MakeTheSwitch campaign at LegalEx

property professionals not concerned with AML fines

A survey has revealed that almost half (43%) of property professionals are not improving their anti-money laundering (AML) processes because they either don’t care or don’t think they will get fined. The survey from First

cladding issues in medium-sized buildings

Gove ramps up cladding repairs with further measures announced The government has announced a pilot scheme which will become the “biggest Building Safety scheme in operation”. The scheme will be funded by the £3 billion

RICS appoints new chair

The Royal Institution of Chartered Surveyors (RICS) has announced the appointment of Martin Samworth FRICS, to chair the new RICS Board effective immediately. Samworth has experience in real estate and the built environment spanning nearly

The Financial Conduct Authority (FCA) has offered guidance to lenders to offer greater support to borrowers struggling with mortgage repayments. The Household Finance Review for Q3 revealed that following inflation and interest rate rises people

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