In the wake of the increased volume of work associated with sales, Today’s Conveyancer has conducted analysis into the comparison between sale and purchase conveyancing quotes. In the Diary of a High Street Conveyancer published
From fluctuations in mortgage rates to changing dynamics in housing supply and demand, March 2024 witnessed activity and shifts within the UK property market. Major lenders, including Barclays, HSBC, NatWest, and Leeds Building Society, initiated
Buying and selling a property in England is “inefficient and ineffective” and the process needs “substantial reform”, says CILEX (the Chartered Institute of Legal Executives). CILEX says sellers should have to provide material information about
A recent report titled “Tomorrow’s Homes” by Santander sheds light on the urgent need for government intervention in addressing the lack of action on home energy efficiency improvements among UK homeowners and renters, as recently
A dedicated Secretary of State for Housing is needed to tackle the growing housing crisis as demonstrated by the falling number of new homes being built and the failure to retrofit at scale our existing
March demonstrated signs of stability with an increase in completions accompanied by a decrease in cancellation rates. This trend suggests an “underlying” stabilising effect within the remortgage market, according to LMS’s recent March Remortgage Snapshot.
New research has revealed that 36% of recent home sellers would avoid downsizing in later life to avoid repeating an archaic home selling process riddled with stress inducing pitfalls. Home Sale Pack has commissioned a
A new report from the Building Societies Association (BSA) has found that significant changes are required if we are to help prospective first-time buyers get onto the property ladder in the current housing market. It
The government should do more to improve the home buying and selling process, according to Steve Richmond, General Manager UK&I at Reapit. In a recent submission to an enquiry by the Levelling Up, Housing and
Michael Gove’s plans to abolish leasehold have been scaled back, with a compromise reached to cap ground rents at £250 annually. Despite Treasury resistance, Rishi Sunak overruled objections, signalling a partial victory for Gove. The
Buyer activity is reaching unprecedented levels as the spring season unfolds, with a notable surge in demand for residential properties, according to Rightmove’s House Price Index. The market is witnessing a significant uptick in the
Labour leader Sir Keir Starmer has announced plans to utilise “ugly” sections of the green belt for housing development, potentially freeing up land for hundreds of thousands of homes, as reported by The Times. In
A quarter of UK adults have shared their sensitive personal information, such as bank details and address, via email with a conveyancer, estate agent or mortgage broker when moving home, according to new research from
Today’s data from the Office for National Statistics (ONS) has revealed that March’s inflation rate stood at 3.2% – down from 3.4% in February. This news follows the Bank of England’s decision to continue holding
New research by the Law Society and the Legal Services Board reveals that two thirds of adults in England and Wales (66%), have experienced at least one legal issue in the last four years. The
The latest cross-market data from Landmark shows a “cautiously optimistic” market – although one that is still “highly reactive to external shocks” such as fluctuating interest rates. Landmark’s newly released Q1 Residential Property Trends report
Homebuyer appetites for new-build properties have dipped by -0.1% while stock levels have fallen by -0.5%. But the quarterly figures show a new-build market that might be on the “verge of a boom”. easyMoney’s New-build
The assumption that a property with a logbook will improve the conveyancing part of the home buying process was challenged by nine law firms in a working group during the summer of 2023. In response,
Onboarding and verification service Checkboard have announced a partnership with conveyancing search provider Progressive Legal Solutions (PLS). The tie up will enable firms ordering through PLS to access Checkboard’s suite of compliance and verification services.
New data has revealed that the average time it takes to sell a house has dropped by 0.7% in the past year, falling from 241 days down to 240 days. But while the national picture
In light of recent guidance from the National Trading Standards Estate and Letting Agency Team (NTSELAT), the owner of a leading agency is stressing the importance of providing material information upfront. Mark Ross, Co-Founder and
With the Levelling Up, Housing and Communities (LUHC) Committee launching an investigation into the property transaction process in England, Managing Director at Property Academy, Danielle Nash is calling for agents to consider ways they can
Against a tough economic backdrop and with the cost of living rising sharply, law firms saw profits go only marginally down, according to the Law Society’s Financial Benchmarking Survey that provides an overview of the
The Property Franchise Group (TPFG) has announced that they will be expanding their use of the network with the view to start rolling out nationally with Coadjute, the London-based property technology business. TPFG has been
New research has revealed that despite the more muted market conditions seen over the last year, home sellers across England and Wales have still transacted on £150bn worth of property and, while London remains the
New research has revealed that all but one of the big housebuilders has seen a reduction in the volume of land banking plots held on an annual basis. APRAO analysed the latest annual reports of
The Legal Services Board (LSB) has announced an independent review of the Solicitors Regulation Authority’s (SRA) regulatory actions in the lead-up to the collapse of SSB Group. The LSB will add this review to the
Amidst much discussion surrounding the revised Law Society conveyancing protocol forms, tailored to encompass the latest directives from National Trading Standards regarding material information, Today’s Conveyancer delves into the heart of the matter, probing readers
There’s a noticeable shift in sentiment within the property market as recent data from various sources paints a picture of “cautious optimism”, signalling a potential return to growth in the housing sector. According to Rightmove’s
New research has revealed that, as another financial year comes to a close, it’s Londoners who have paid by far the highest level of Stamp Duty Land Tax over the last year compared to homeowners
Thomas Legal have announced the promotion of Rebecca Gillard and Stacey Ballinger to Directors – marking a new chapter in their journey, as they continue to prioritise talent development and innovation in the legal sector.
The Legal Services Board (LSB) has published plans for 2024/25 on how it will ensure regulation contributes fully to delivering legal services that better meet the needs of society. The business plan is focused on