New analysis has revealed that the average first-time buyer in the UK is 33 years and 8 months old when they purchase their first home. With an average mortgage term of 30 years, this means
New analysis has revealed that mortgage backed sales volumes over the last three months are still sitting some -49% below this time last year. Octane Capital analysed mortgage sales volumes to reveal just what impact
The Labour Party has just won the July 2024 General Election, marking the end of 14 years of Conservative rule. This has been met with a wave of reactions from the industry, with many viewing
The latest Homebuyer Hotspots Demand Index has revealed that buyer demand levels climbed significantly between the first and second quarters of this year, marking the largest quarter to quarter jump since interest rates started to
Housing market activity has been “broadly flat” over the last year, with the total number of transactions down by around 15% compared with 2019 levels, according to Nationwide’s House Price Index. Transactions involving a mortgage
The Society of Licensed Conveyancers (SLC) has written to the Deputy Leader of the Labour Party, Angela Rayner, about the recently enacted Leasehold & Freehold Reform Act (LFRA) and its implementation. Leasehold expert, SLC Board
The LSSA (Legal Software Suppliers Association) has announced that Bundledocs is the latest legal technology provider to join the Association. As the industry body for developers and vendors of legal systems, the LSSA maintains standards
Movemnt has announced an exclusive partnership with LMS. The partnership leverages LMS’ panel of 4,000 law firm partners and innovative technology solutions. As part of the partnership, Movemnt and LMS have worked closely with law
Equity release customers will save almost £300 million in borrowing costs over the next 20 years having used the freedom to make voluntary penalty-free loan repayments. New data from the Equity Release Council (the Council)
The Board of the Solicitors Regulation Authority (SRA) has agreed it would regulate Chartered Institute of Legal Executives (CILEX) members, if CILEX decides to redelegate this to the SRA. CILEX approached the SRA about this
Muve has been named in the 2024 edition of The Sunday Times 100, the annual ranking of Britain’s fastest-growing private companies. To qualify for The Sunday Times 100, companies must be independent, privately-owned, headquartered in
Open Property Data Association (OPDA) is celebrating its first anniversary after achieving significant milestones. Founded last June, the Open Property Data Association is on a mission to speed up the notoriously slow homebuying process by
Firms should continue to be able to operate client accounts, as they are vital for the effective delivery of many legal services, the Law Society of England and Wales said in response to the Solicitors
X-Press Legal Services is celebrating the milestone of 25 years in business. Supporting conveyancing professionals across England and Wales, the Warrington based firm commemorated its milestone during a recent annual conference held at Peckforton Castle
New data from HM Revenue & Customs has revealed the number of UK residential property transactions in May 2024 was 24% higher than the same month in 2023. The provisional non-seasonally adjusted estimate of the
