According to a recent report from the National Cyber Security Center (NCSC), the legal industry is facing an increasing number of “ransomware attacks” In the report, Lindy Cameron, CEO of the NCSC, explains that organizations
The Conveyancing Information Executive (CIE) has reviewed the recently released Law Society guidance and welcomes the first practical step taken to address climate change risks in property transactions. The purpose of the CIE is to
New research published by the Law Society of England and Wales shows that seven in 10 (72%) of firms have not purchased cyber insurance. The Law Society is encouraging members to consider purchasing cyber insurance
Aconveyancing has ranked as the sixth best workplace for women in the UK, according to Great Place to Work. The 2023 UK’s Best Workplaces™ for Women list was launched by Great Place to Work® UK,
The Financial Conduct Authority’s (FCA) Consumer Duty comes into force from 31st July 2023 for existing products and services, seeks to ensure customers receive these “good outcomes” and that firms provide evidence that these outcomes
New research has revealed that there has been an 11.3% increase in the number of home sellers turning to the auction room amidst what have been described as “cooling housing market conditions”. Digital property pack
The Solicitors Regulation Authority (SRA) has issued a fine of £4,000 against a firm that has failed to have a money laundering risk assessment in place for more than four years, according to The Law
New data from HM Revenue & Customs has revealed the number of UK residential property transactions in June 2023 was 9% lower than the same month in 2022. The 94,690 transactions seen last month was
The UK government is considering temporarily exempting properties awaiting probate from the increase in the council tax surcharge for vacant or second homes in England, as reported by STEP. The surcharges were first introduced in
New data has revealed that the proportion of planning applications being approved after appeal, having initially been rejected, sat at just 18% in 2022, the lowest level seen in the last five years. Searchland, development
The flow of dirty money into property development firms is said to be increasing, with more than a third (40%) reporting a rise in the number of Suspicious Activity Reports (SARs) they have submitted over
New research has found that more than half of law firms could miss out on 96% of talent entering the legal sector – if they don’t consider all university backgrounds. A study in April revealed
Rishi Sunak and Michael Gove have said that the goal of building one million new homes, mostly in cities, over this parliament will be met. The levelling up and housing secretary will set out measures
Housing Secretary Michael Gove said his government should “relax the pace” of EPC reforms expected from private landlords. In a Sunday Telegraph interview, following the Uxbridge by-election, Gove stated that the timetable for changing minimum
Being regulated by the Solicitors Regulation Authority appears to make legal executives want to switch to a conveyancing and probate regulator, the Law Society Gazette has reported. In the past 12 months the Council for
Homeowners taking out variable rate mortgages is at its highest level in 10 years as they feel that high interest rates will be “short-lived”, according to The Times. In the three months to April 2023,
New data has revealed that searches in the United Kingdom regarding the mortgage crisis – such as “mortgage help” – are increasing by as much as 1,366%. The analysis, by mortgage broker L&C Mortgages, suggests
Some of the biggest lenders in the UK met with MPs on the Treasury Select Committee last week, warning that more customers will suffer from financial stress over the next six months. Lenders stated that
The average interest rate on a two-year fixed-rate mortgage deal has risen to 6.66% – a level that has not been seen since 2008 and the financial crisis. This comes as prime minister Rishi Sunak
Riski Sunak refused to say whether the conservatives have stood by their manifesto target of building 300,000 homes a year and Kier Starmer has accused him of “shattering” the dream of homeownership, as reported by
New data from Homes England 2022-23 housebuilding statistics revealed overall levels of starts and completions were down as a result of the impact of tough economies conditions on the housebuilding industry. The housing programmes delivered
The agency brand, SecureMove, has reduced its fall-through rate by “legally preparing properties for sale before they go on the market”, as reported by Estate Agent Today. Redbrik Estate Agents new service, SecureMove, – which
The average two-year fixed residential mortgage rate has risen by two basis points to 6.23%, according to Moneyfacts. Last week, The Monetary Policy Committee of the Bank of England voted 7-2 to raise interest rates
New research from TwentyEA shows that volumes of new instructions for estate agents in 2023 to date are nearly 4% higher than 2022, and only 6% lower than the pre-pandemic year of 2019. Whilst volumes
New research has revealed that when it comes to climbing the housing ladder, people in their 40s are presented with the greatest degree of housing affordability compared to any other life stage. House Buyer Bureau
The latest industry index on property fall throughs has revealed that the number of property transactions estimated to have been subject to collapse across the UK market has continued to decline during the first quarter
Hundreds of thousands of properties could become unsellable with owners also unable to access equity release due to spray foam insulation, it has been reported. Homeowners have been consistently warned about the potential dangers and
Average two-year fixed mortgage rates have risen above 6%, according to Moneyfacts as the average five-year fixed rate mortgage has increased to 5.67%. The Resolution Foundation has predicted that the average two-year fixed rate deal
With the recent return of the 100% mortgage, new research has revealed that nearly two thirds of IFAs (66%) who receive mortgage requests are concerned about the risks associated with 100% mortgages. The research from
New research has shown that 41% of homeowners would happily move home more often if it wasn’t so stressful, ranking just bereavement and major illness as a more stressful life occurrence. Digital home information pack
Research of over 101,000 property sales over the last 12 months shows flats take an average of 24 days longer than houses to complete. Home buying specialists and auctioneer Property Solvers’ latest research of 101,126
The national association, IPSA, has welcomed four new members as it aims to strengthen its nationwide profile. Move Reports UK in Wolverhampton, Safe Search in Southport, Legal Brokers in Bury and Pavilion Property Searches in