Property Agents To Be Officially Regulated And Qualified

An independent regulator, updated code of practice and mandatory qualifications are set to be enforced in the property agency sector. The Government has been tasked with creating a list of reserved activities a regulated firm

UK Public Has Little Trust In Local Council And Private Developers

Only 7% of the UK population trust local councils to make decisions in the best interests of the local area they are entrusted to protect and grow. Following a survey of over 2,100 nationally represented

Search Acumen report: Commercial Real Estate volumes grew by 20% since 2016

Developers, planning lawyers, conveyancers, experienced estate agents, land acquisition specialists and industry-centric economists hunkered down in the Omega Business Suite in London yesterday to discuss collaborative approaches in the new build process. The second of

Should Pension Savings Fund First Time Buyer Deposits?

After significant declines in the opening half of 2019, buyer enquires, and seller instructions increased in June. According to the most recent RICS Market Survey for June, respondents posted a positive number of buyer enquiries

Expert Warns Passive Conveyancers Reluctant To Embrace Technological Changes

Technology plays a huge role in the modern home buying and selling process. The majority of home buyers now utilise online property portals in order to peruse available property and assess their options. From this

Failed Housing Transactions In 2019 Increase Marginally

Over a quarter of home sales fell through in the second quarter of 2019. According to a report from Quick Move Now, 25.49% of home moves fell through between March and June this year. Whilst

Local Land Charges Register Facing Delays To Migrated Roll Outs

It has been a year since HM Land Registry (HMLR) launched their fully digital Local Land Charges register. One year on, how successful has the digital migration been? In July last year, HMLR hoped to

Interim Report Suggests Greater Public Input Into Planning Process

Local councils have been advised to redevelop retail parks into ‘mixed use’ communities and to also offer improved levels of public involvement in the planning process. Currently, many retail parks and large supermarkets were built

Law Commission Recommend Less Confusing AML Regulations

Law firms are becoming increasing adept at successfully handling client complaints without the issue being passed onto the Legal Ombudsman (LeO). According to the ‘First Tier Complaints’ Report, published by the Solicitors Regulation Authority (SRA),

New build housing, completed and started in the opening quarter of 2019, has decreased marginally. The figures, released by the Ministry of Housing, Communities and Local Government, at the beginning of July cast a shadow

Landlords With Single Property Portfolios Exit Sector

The number of buy-to-let investors, looking to purchase a single property, have fallen sharply in recent years. According to a recent survey by the Intermediary Lenders Association (IMLA), perceived onerous legislative changes have forced many

Labour Promise To Help Current Leaseholders Trapped In Onerous Contracts

As the gloss on recent Government leasehold announcements seems to fade, the Labour party has offered their preferred policy ideas regarding the future of the controversial leasehold sector. Whilst the Government’s legislative changes to leasehold

Property Sales And Mortgage Approvals Rise Whilst Housing Stock Falls

The law society has welcomed the regulatory changes to the leasehold sector by speculating that speeding up the compulsory flow of information will prevent future home buyers from becoming emotionally invested in a property purchase

Market Resumes Seasonal Norms As Buyers And Sellers Return

UK property supply stuttered in June, reducing by 12.7% on an annual basis. According to research into Home.co.uk data for June, by Housesimple, the 61,775 new properties entering the market in June marks a 9,000

10% Of British Adults Own Additional Property Whilst Millennials Struggle

House prices in prime and expensive locations could improve by over 4.5% if Boris Johnson delivers on his promise to rescind the duty increases imposed on properties over £1.5 million. In 2014, George Osbourne made

Fraud Response Initiative Helping To Reduce Conveyancing Fraud

A Fraud Response Initiative, set up to reduce and prevent conveyancing fraud, are proudly boasting a 55% recovery rate on the cases they have worked on since 2017. For far too long redirection fraud, email

The Government has issued a clear warning shot to solicitors putting their own needs in front of their client’s best interests. In the Government’s response to the Housing, Communities and Local Government Select Committee Report

Proptech Innovator Suggests Incremental Improvements To Legal Technology — Scheduled

Artificial Intelligence (AI), machine learning algorithms, blockchain technology, the rise of online portal facilities and a host of digital resources are currently being embraced by a legal sector tasked with protecting consumers, improving efficiency, reducing

Construction Sector Fear No Deal Brexit Will Reduce Workload

A huge section of the construction sector fear a no-deal Brexit scenario will negatively impact the workloads and massively inflate the cost of materials. A recent survey, conducted by the Federation of Master Builders (FMB),

A report published by the Housing, Communities and Local Government has urged the Government to consider using Modern Methods of Construction (MMC) approaches if it stands any realistic chance of meeting the target of building

Housing Transactions Valued Over £1 Million Plateau In 2018

The number of housing transactions taking place with properties priced over £1 million increased marginally to record high sales. By the end of 2018, property sales for the rich and affluent increased by 1% to

Expert Discusses The Role Of Digital Logbooks In Property Sector

The Government have been long term vocal advocates of property log books in the UK and plan to improve the way they are perceived by consumers and the wider property market by creating a standard

Legal Software Suppliers Association Appoint New Chair

The organisation responsible for maintaining professional standards within the legal software industry has recently appointed a new chair person. Craig Matthews, CEO of Pracctice Ltd has been appointed as the new chair of the Legal

Almost A Fifith Of Home Sales Exceed Marketed Asking Price

Analysis of over 1 million property transactions has found that 16% were impacted by potential gazumping. Phil Spencer’s Move iQ and proptech firm Gazeal analysed 1.08 million property sales data published by HM Land Registry

During a recent husting in Bournemouth on Thursday evening, the potential future PM, Boris Johnson, outlined his plans for an emergency budget which would significantly cut stamp duty and reignite a stumbling property market. Boris

Improvements To Private Renting, Planning Processes And New Build Redress Schemes

James Brokenshire, the Secretary for Housing, Communities and Local Government (MHCLG) made a number of important announcements concerning the property market on Thursday (June 27th) afternoon. In addition to the various changes to the leasehold

Government Launching Research Project Into Reservation Agreements

The Government are ramping up their efforts in helping to make the home buying and selling process more secure by completing a thorough 10-month research and trial into reservation agreements. The idea of creating policies

Despite the criticism they have received for proliferating title fraud, postal applications made to HM Land Registry (HMLR) increased by 27% in May.

Completed land registry applications in the month to May increased marginally by 0.5%. Last, HM Land Registry completed 1,732,280 applications to change or query the land registry. May’s total number of completed requests represents a

Market Resumes Seasonal Norms As Buyers And Sellers Return

Buyers and sellers are returning to the market as the number of registered property hunters and new instructions return to seasonal average in May. A welcome statistic from May’s Housing Report by the National Association

Government Offer Leaseholders Hope Following Immediate Sector Changes

Following a speech at the Chartered Institute of Housing Conference earlier today, James Brokenshire, Secretary of Ministry of Housing, Communities and Local Government (MHCLG) has announced that all new build housing will need to be

UK's Top 50 Law Firms Vulnerable To Economic Incidents

A stamp duty expert has lost an appeal after HM Revenue and Customs (HMRC) accused the property buyer of tax avoidance. David Hannah, owner of Cornerstone tax and expert in Stamp Duty Land Tax (SDLT)

Central London Property Transactions Starting To Improve

Despite property transactions in Greater London falling by more than a fifth since 2014, recent data has found that property transactions in the capital may be on an upward trajectory once again. According to London

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