Shaving 36% Off SDLT Could Improve Transactions By 40%

Following Boris Johnson’s campaign pledge involving a revaluation of stamp duty land tax (SDLT), a buying agency expert has estimated that changes to the current system could produce a tax benefit worth over £9 billion

Storm Clouds Gathering Over The Construction Sector

There are a number of worrying signs for the construction industry with Brexit uncertainty being blamed for a nervous property market. According to the Federation of Master Builder’s (FMB) ‘State of Trade’ survey for the

Disorderly Brexit Will Cost Legal Sector £3.5 Billion

The potential impact Brexit will have on conveyancers was considered this week after it was revealed that the legal sector could face a catastrophic decline in the event of a disorderly exit from Europe. The

Industry Experts To Discuss Cyber Crime And Technology

Today’s Conveyancer’s latest round table event is less than a week away. As the nation adjusts to a new Prime Minister and prepares for a final Brexit outcome, the property market has experienced an ever-changing

Only A Quarter Of Younger Generation Will Own Property By 2026

The majority of people who do not currently own their own home believe that the dream is now permanently beyond their reach. According to a recent survey from lender, Santander, 70% of respondents feel they

Family moving house

The true effect of the Tenants Fees Act became a little clearer in June, the month it was enforced, after tenants experienced record rent increases for the second consecutive month and landlords continued to leave

Livingbridge Announces Investment In Simply Conveyancing Property Lawyers

Simply Conveyancing Property Lawyers have strengthened their position as a tech-enabled market leader after Livingbridge, a leader in mid-market private equity investment, has announced their investment in the firm. Livingbridge’s Enterprise 2 fund will benefit

New Build Registrations Reach Highest Number Since 2007

Builders and developers registered their highest number of new homes in more than a decade in the second quarter of 2019. According to the three-month data, provided by the National House Building Council, over 43,000

Local Authority Suspends Searches For Entire Summer Period

A local authority has failed to implement a contingency plan allowing a facility to provide local searches for a period of six-weeks. Surrey Heath Council has claimed that it is upgrading and adapting the database

SRA AML

The Solicitors Regulation Authority (SRA) revealed that there was a 43% increase in money laundering reports in the opening nine months of 2018. In 2017, 152 reports of money laundering allegations were made against SRA

Instructions and Enquiries Dip Marginally In June

Confidence in the property market has deteriorated slightly in June as the number of active buyers and sellers declines. Despite the significant increase in the number of registered house hunters per estate agency in May

19% Of Home Moves Scuppered By Avoidable Delays

Almost a fifth (19%) of home moves in the past two years were disrupted by severe moving delays, affecting more than 115,000 transactions. According to research conducted by You Gov on behalf of the HomeOwners

Experts Claim Housing Crisis Is Damaging UK Business

Almost half of British businesses believe that the widening housing crisis is having a profound and negative impact on business productivity. According to research carried out by thinktank, The Centre for Social Justice, 43% of

Primark Request Rent Reductions As Commercial Property Sector Falters

Retail juggernauts Primark have followed a number of struggling businesses like House of Fraser, Monsoon and Topshop, by requesting their rents be reduced by a third. The high street has long been in a state

Help To Buy Use Increases: Will It Be Extended Beyond 2023?

The Help to Buy Equity Loan Scheme continues to gather momentum, growing significantly in the year to March 31st 2019. According to figures released by the Ministry of Housing, Communities and Local Government (MHCLG), 52,404

Fraudsters Increasingly Using Email To Target Law Firms And Their Clients

In recent weeks, the legal sector has been reminded of the persistent threats bombarding law firms and their clients confidently using legal services. The Solicitors Regulation Authority (SRA) has issued eight email scam reports in

Time For Consistency? 3 Housing Secretaries in 2 Years And 9 Housing Ministers In 9 Years

The housing sector welcomed its third Secretary of State for Housing Communities and Local Government in two years and ninth Minister of Housing in nine years earlier this week following Boris Johnson’s immediate cabinet reshuffle.

Scathing Report Claims Government Will Fall Short Of Housing Targets

The Government has been accused of severe failures which will prevent the UK from hitting their new housing targets in both 2020 and 2025. By the end of next year, the government had hoped to

GP Forced To Share Home With Previous Owner's Ex-Wife Following Property Fraud

A GP has been forced to share 50% of his home with the wife of the previous owner after the property was sold without her consent. Dr Babar Akbar, 31, bought the Dunfermline based house

When Will Boris Johnson Enforce Stamp Duty Land Tax Changes?

Boris Johnson, front runner of the Conservative leadership race cantered to victory in the end beating rival, Jeremy Hunt, by 92,153 votes to 46,656. However, winning the nomination will undoubtedly be the easiest part of

IMLA Warn Government To Avoid Rasing Hopes Of Mortgage Prisoners

In March, the Financial Conduct Authority (FCA) released information on the ways it can help ease the burden for mortgage prisoners that are unable to switch because they are with defunct lenders or in negative

Annual Transactions To June Shrink By 16.5%

Property transactions have fallen considerably on both a monthly and annual basis. According to June data, provided by HM Revenue and Customs (HMRC), the 84,490 residential transactions recorded in June represented a 9.6% monthly decline

Scrapping SDLT For Downsizers Could Reinvigorate Property Market

Following recent discussions on the future of stamp duty land tax (SDLT), a property expert has emphasised the impact it could have in enabling final steppers to downsize. According to the research by Reallymoving, the

Government Seek Consultation On Section 21 Evictions

The Government has taken a step closer to enforcing the abolition of Section 21 ‘no fault’ evictions this week by releasing a consultation on the private rental sector. In April, Theresa May gave an impassioned

Developers Tasked With Improving Social Cohesion And Wildlife Protection

The new build sector may be set for further restrictive building measures designed to help protect Britain’s wildlife and provide greater cohesion between different community groups. At the weekend, the Government unveiled their plans developers

Thinktank Corroborates And Costs Boris Johnson's SDLT Changes

A Conservative thinktank has backed Boris Johnson’s proposed stamp duty land tax (SDLT) cuts and claimed they could be cost neutral to the government. The report, published by the thinktank Onward, claims that the next

Jacob Rees-Mogg and the Institute of Economic Affairs (IEA) have suggested that reverting stamp duty land tax levels to those applied in 2010 will help people to move as opposed to acting as a clear

Race-track

Over the past two weeks tmgroup have been hosting a number of round table events in the hope of answering an integral question: how can we improve collaboration between key stakeholders in the new build

A London estate agency has been fined £80,000 by the Information Commissioner’s Office (ICO) for inadvertently exposing over 18,000 pieces of sensitive customer data for almost two years. Between March 2015 and February 2017, London

Property exchange volumes increased by 6% year on year, rising to 992,000. According to the Property Homemover Report Q2 2019, collated by TwentyCi, the market has responded fairly positively to the current political difficulties in

First Unexplained Wealth Order Concerning Individual Links To Organised Crime Issued

A property tycoon from the North of England has been issued with an Unexplained Wealth Order (UWO) by the National Crime Agency (NCA). Having built up a property empire worth in excess of £10 million,

Updated Law Society Conveyancing Protocols Released

The 2019 edition of the Law Society Conveyancing Protocol has been released. The new protocols will highlight the best practice in residential conveyancing, highlighting how solicitors acting on behalf of buyers and sellers of leasehold

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.