New Research Confirms House Building Is At A 70-Year Low

Figures released by leading think tank the Centre for Policy Studies have revealed that the number of new houses built in the decade beginning January 2010 is set to be the lowest since the Second

A Review Of The Conveyancing Sector In 2018

It seems like only yesterday that we packed away the decorations and made the treacherous post-Christmas trip back into the attic to house our festive paraphernalia until next year. Within the blink of an eye

A quarter of businesses fail to prepare basic security precautions and 30% don’t restrict file access to their remote workers.

According to a 2018 study, 70% of people globally work remotely at least once a week; these statistics have not gone unnoticed by the savvy cyber criminal. 80% of all businesses in the UK have

Millennials Place Importance On The Present Instead Of The Future

Despite the difficult market conditions and the feeling that saving for a home is a bit like climbing Everest in a pair of flip flops, millennials are still determined to make this feat their number

What is your firm doing to combat cybercrime? The chances are it’s investing in security technology, tightening up information security policies and – in case the worst happens – considering cyber insurance. But what are you doing about your people?

Cyber crime has the potential to cripple a business. Within the last year, data breaches have caused reputational damage to a multitude of businesses including British Airways, Morrisons and the NHS. Additionally, the legal sector

Despite the fact that a fifth of the UK population, or over five million people, currently privately rent in the UK, the majority of tenants are oblivious of their rights. According to a recent report

Letting Agents Convicted Of Defrauding Tenants and Landlords

Three unscrupulous letting agents have been convicted of fraud within the last week. Following a mammoth trial that lasted a total of five weeks, the three agents were found guilty of defrauding innocent tenants of

Number Of House Hunters In November Hits Six Year Low

Within the property market, 2018 will be remembered for a time of uncertainty and the slow deterioration of property prices. The NAEA Propertymark housing report for November has corroborated other figures and statistics which suggest

HomeOwners Alliance Mail Distribution List Hacked

The HomeOwners Alliance have been reassuring the members of their mail list throughout this week following a cyber criminal hack to their Mailchimp newsletter distribution list. Instead of receiving their usual newsletter communication, the recipients

ICO Given Increased Powers To Fine Directors For Spam Calls

The Information Commissioner’s Office (ICO) have been granted new powers which allow it to fine bosses for spam calls. As of this week, starting on the 17th December, company directors and senior officers could be

£10,000 Property Reduction Caused By Consecutive Monthly Price Falls

Rightmove’s December property index has found that two consecutive and significant property price drops has meant that properties are now £10,000 cheaper than they were three months ago. The price of property coming into the

Southern Buyers Prosper Most From Stamp Duty Exemption

Data released from HMRC has highlighted that Southern first-time buyers (FTBs) are more likely to benefit from Stamp Duty Land Tax exemptions because more northern properties fall below the £300,000 threshold set out in the

Foreign Buy-To-Let Investor Market Shrinking

At the start of October, Theresa May used the Conservative Party Conference to announce plans to increase the Stamp Duty Land Tax on foreign buyers. The policy aims to increase the current additional tax from

Home Ownership Aspirations Declining In Young Adults

In many ways advancements in technology has made the lives of young people a lot easier, better connected and well-informed. However, as house prices have escalated at a faster pace that wages have grown, acquiring

More Firms Looking For Specialist Regulation

In October, we revealed that three firms had taken advantage of the lapsed SRA indemnity insurance run-off requirement by moving from the Solicitor Regulation Authority (SRA) to the Council for Licensed Conveyancers (CLC). Conveyancing specialists

HMLR Hit With Widespread Digital And Phone Technical Issues

HM Land registry (HMLR) have boasted that their digital, holistic Local Land Charges (LLC) system will reduce official search times from “8 weeks to 8 clicks.” Unfortunately, the digital system that was supposed to avoid

Conveyancing Firms Fall To Lowest Levels Since 2011

According to Search Acuman’s Conveyancing Market Tracker quarter three statistics, active conveyancing firms operating in England and Wales have fallen to their lowest levels since records began in 2011. In particular, the number of smaller

Political Uncertainty Impacts Mortgage and Remortgage Completions In October

This week our nation has witnessed a Government in chaos; the Withdrawal Agreement vote in Parliament was cancelled which triggered a vote of confidence and a third of the conservative party in disagreement with their

FATF Critical Of Legal Sector's AML Systems

The intergovernmental Financial Action Task Force have produced a report this month assessing the UK’s ability to combat money laundering and terrorist financing. Overall, the report claimed that the UK’s ‘AML/CFT regime is effective.’ However,

60% Of Young People Unaware Of Shared Ownership

Owning a property without acquiring the help from either loved ones or governmental schemes is now extremely difficult. Ownership has become all the more unattainable because of rising property prices and relatively low wages that

Spurs Top The League For Exponential Property Price Rises Near Stadiums

The housing market has struggled in recent months, slowing to its lowest rate of annual growth since 2012. However, some areas have enjoyed more growth than others. It was revealed last month that predominantly ‘pro-Brexit’

AI Could Increase Conveyancing Cyber Security Threat

Computer security software giant McAfee has released a report warning that companies face being ‘under siege’ from malware, ransomware and other cyber threats next year. They predict that underground organisations will collaborate to form bigger,

Earlier this week the Law Commission released its long-awaited perspective on alternatives to leasehold ownership.

Earlier this week the Law Commission released its long-awaited perspective on alternatives to leasehold ownership. The Consultation Paper on Commonhold reform ‘Reinvigorating Commonhold: the alternative to leasehold membership’ will hope that it can spark new

As 2018 comes to an end and the property market has witnessed a significant slowing of property prices, a recent Rightmove report has forecast that UK property price growth will remain flat at 0% throughout

UK House Price Growth Hits Six Year Low

The Halifax Price Index has revealed that the annual house price growth of 0.3% is at its lowest rate since December 2012. Currently, the average house price in the UK stands at £224,578. Furthermore, on

Conveyancers Told To Embrace The Digital World

Delegates attending the Conveyancing Association’s annual conference last week heard a series of presentations about how technology is changing the way that conveyancers work; and the ways in which consumers expect to interact with their

Executor Denied Property Fraudulently Transferred From Deceased

Becoming an executor of a property can be an extremely challenging job; however, the task becomes even more onerous when you are asked to reclaim property by overturning a longstanding fraud. Through the Court of

Legal Ombudsman Opens Online Complaints Service

The Legal Ombudsman (LeO) were overwhelmed by complaints this year, finding it extremely difficult to process the requests in an efficient and timely manner. They have therefore set up an online complaints service that should

German Consortium Buy Full Service Manchester Law Firm

In recent history UK based legal firms have been extremely dominant in Europe. Following Brexit and the likely event of the UK leaving with no deal, Europe’s reliance on UK legal may start to deteriorate.

Home Owning Parents Ensure Children Purchase Property

A recent report from the Resolution Foundation has found that by the age of thirty those of us without parental property wealth are 60% less likely to be home owners than people whose parents own

Regulators Will Collaborate With Firms Rather Than Sanction Non-Compliance

As December 6th rushed by, many have speculated as to how the legal sector would enforce regulatory change. Would the Machiavellian amongst us create a compliance witch-hunt by snooping around competitors’ websites for snippets of

SRA Digital Badge Considered Sign Of Excellence

At the start of November the Solicitors Regulation Authority (SRA) announced that they would introduce their deadline for price and service transparency so that it would marry up with the Council of Licensed Conveyancers’ (CLC)

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