Government Falling Short Of Social Housing Replacement Targets

The Governments are replacing little over a third of the social homes they sell off through the Right to Buy scheme. Governmental Right to Buy sales and affordable home starts and acquisitions are declining as

Two Thirds Of CLC Firms Deemed Non-Compliant Following Regulator Inspections

Of the 51 on site inspections completed by the Council for Licensed Conveyancers (CLC) in 2019, 34 have been deemed non-compliant. 49 of the inspections were considered routine with two inspections targeted specifically at particular

Anxious Buyers And Sellers Delay Home Moves Until After Brexit

Reluctant buyers and sellers are getting ready to pounce on the property market following a definitive Brexit outcome according to a recent survey. 59% of potential buyers and sellers have placed their property purchases on

LFS Conveyancing Awards 2019 Winners Announced

The LFS Conveyancing Awards, sponsored by Groundsure, recognises the best in class within the conveyancing world and over 360 people attended the 8th annual event held at the Vox, Birmingham. The awards, which were hosted

Phishing Attempts Targeting Law Firms And Clients Rife

Over two thirds of the UK public believe they have been targeted by phishing emails in the last six months. According to recent research, compiled by Bongate IT, 68% of UK inboxes have been inundated

First-Time Buyers Lack Clear Understanding Of Buying Process

First-time buyers (FTB) stand accused of being extremely naive about the intricacies and even obvious elements involved with the home buying and selling process. According to over 2,000 non-home owning respondents, questioned by lenders Santander,

FTB And Homemover Mortgages Increase Annually To July

First-time buyer (FTB) mortgages and home mover mortgages rise year on year whilst remortgages fall in the year to July. According to the ‘Mortgage Trends Update’ by UK Finance, FTBs took out 32,640 new mortgages

FTB Housing Deposits Reach Record Highs

First-time buyers (FTB) have almost reached their highest point since the peak point prior to the housing market crash of 2006. According to data generated by Halifax and the Lloyds Banking Group, more than 170,000

Homeowners Snub Downsizing In Favour Of Releasing Equity

Almost a quarter of home owners are planning to use the equity in their homes to fund their care costs in later life. 24% of unretired home owners would prefer to use the equity in

A huge number of homeowners whose homes border railway tracks have complained to Network Rail for failing to control the proliferation and spread of Japanese Knotweed.

A huge number of home owners whose homes border railway tracks have complained to Network Rail for failing to control the proliferation and spread of Japanese Knotweed. Since 2011, Network Rail has been bombarded with

The CA statement insisted the trade body remained committed to Government-led digital identity which would be accessed by all stakeholders and their relevant regulators to provide ‘one source of truth’.

Through its response to the Department for Culture Media and Sport’s (DCMS) consultation on Digital Identity, The Conveyancing Association (CA) has responded by emphasising the importance of ID checks but expressed concern regarding the number

Commons Select Committee Critical Of Help To Buy's Value

The Commons Select Committee has deemed the value of Help to Buy to be uncertain following a fairly critical report. Although the report acknowledged that Help to Buy achieved its original purpose of re-stimulating a

Distinction Of Ownership Types Not Explained To 89% Of Leaseholders

89% of respondents claim they were not informed of the difference between leasehold and freehold ownership by their conveyancer, developer and estate agent when they purchased their home. According to a survey of over 1,500

Housing Minister Will Achieve 300,000 Homes Through New Build Innovation

Esther McVey, the Government’s ninth housing minister in nine years offered a frank account of the residential construction market in a recent speech for the RESI Convention 2019 event. Whilst considering the achievements of the

HM Land Registry Local Land Charges Annual Conference 2019

Leading property expert Kate Faulkner and her colleagues at the Home Buying and Selling Group will be talking about ways to provide consumers with a better home buying experience, along with other industry experts talking

Market Contracts In September With Both Buyers And Sellers Stalling

The usual ‘autumn bounce’ in home buying and selling has stalled in September as the looming October Brexit deadline deters buyers and sellers from making a move in the housing market. The number of sales

Robert Sanderson

The Practical Vision Network is proud to announce the appointment of Robert Sanderson, as Managing Director of the Group. The acquisition of Robert undoubtedly strengthens the senior leadership team and highlights the exciting journey the

Conveyancing Services Increase By 5% As Cost Of Moving Skyrockets

The cost of moving house has reached record levels with increases in Stamp Duty Land Tax and the average spend on conveyancing services rising considerably in the past year. According to the research, compiled by

Government Offer Historic High Streets Hope Of Revival

In a bid to quieten the voices claiming that the UK high street is dying, the Government has promised a £95 million cash injection to help revitalise 69 historic high streets. The funding will help

Sophisticated Law Firm Email Domain Impersonation Fraud Concerning

A plethora of email scams using legitimate law firm details have been increasing in recent months. In September alone, the Solicitors Regulation Authority (SRA) has issued three separate and sophisticated fraudulent emails using the details

Property Market Stakeholder Sentiment Slumps In August

The majority of stakeholders in the property market feel despondent about the near future of the sector. The uncertainty caused by Brexit is leading to reduced public confidence in the property market, deterring many from

project-instruction

Over the weekend the Government amended their ‘How to’ buy and sell guides to reflect the recent changes to referral fee transparency; a change the Guild of Property Professionals fully endorse. The Guild released a

The Government has pledged £62 million worth of flood defence investment in a new round of spending announcements.

The Government has pledged £62 million worth of flood defence investment in a new round of spending announcements. The Environment Secretary, Theresa Villiers, announced that the investment will be used to help more than 9,000

Superstitious Buyers Avoid Property Completions Today

Despite already living through a seemingly never-ending Brexit induced nightmare causing buyers and sellers to flee the property market in their droves, throwing in an additional superstitious grenade of Friday 13th is deterring even more

FTBs Remain Dominant Buying Force And Target Family Housing Stock

First-time buyers (FTB) are expected to remain the largest purchasing group in the property market this year despite a shift in their buying preferences. FTB sales are predicted to overtake the 36% market share in

English Transactions Plummet 5.2% Since Referendum Result

In the two years and nine months since the referendum, housing transactions in England have fallen by 5.2% when compared with the same time frame prior to the 23rd June 2019 EU withdrawal result. To

Government Update Home Buying And Selling Guides' Referral Sections

Following the Government’s attempt to create a more transparent home buying and selling process through detailed ‘how to’ guides on buying and selling property in May, the Government has just updated the published documents to

Government Pledge £3.6 Billion To Improve Town Prosperity

The Government has pledged £3.6 billion to a Towns Fund aiming to grow and support struggling locations. Overall, 100 locations have been invited to develop proposals and apply to the fund in a bid to

Government Need To Prioritise Infrastructure And New Build Strategies

Earlier this month, Sajid Javid announced an additional £13.8 billion will be offered to Governmental departments over the next 12 months after a Spending Review pledge to end austerity. Unfortunately, other than offering a 2.7%

Money Laundering Sentences 32% Longer Than 10 Years Ago

People convicted of money-laundering offences now face jail sentences around a third longer than a decade ago. According to Thomson Reuters, the average prison sentence for offences related to money-laundering commanded an average prison sentence

Are We About To See The End of Leasehold Property Ownership?

The hardening PII market could be set to expand beyond the April 2020 renewal process according to an industry expert. The second largest global insurance broker, Aon, announced the withdrawal of their Managing General Agent,

Chancellor Pledges More To Tackle Homelessness Crisis

The Chancellor has pledged more funding to tackle homelessness in the latest spending round but failed to discuss the housing sector and how money will be allocated to tackle the housing crisis. Whilst the Ministry

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