Preparing Your Firm For 2019 And Beyond

GDPR, Fraud, Price Transparency, Practice Efficiencies – 2018 has generated a number of challenges that law firms need to prepare for. ‘Preparing Your Firm for 2019 and Beyond’ is a series of free seminars that

A new report, by TotallyMoney, has found that the average UK upfront cost associated with buying a property actually surpasses £38,000.

The crippling cost of deposits are enough to ensure that most young people and potential first time buyers are unable to take that envied step onto the property ladder. A new report, by TotallyMoney, has

More Education Needed For Equity Release Advisers

As the older generation look for ways to fund their retirements, more people have opted to release the equity in their properties. A new report has found that 88% of equity release advisers believed there

The Purgatory Politics Of Brexit Draft Withdrawal Agreement

As the March deadline quickly approaches, the UK economy has quivered with uncertainty: the housing market has hit a two year slowdown; the legal sector is facing a skills shortage, as more firms consider the

High Court Ruling Struck Off Dishonest Solicitors Exposed To Poor Working Conditions

A High Court ruling has found that adverse work pressures cannot be a legitimate excuse for solicitors making dishonest decisions. Lord Justice Flaux said: “Pressure of work or of working conditions cannot ever justify dishonesty

ONS UK Price Index Suggests Marginal Improvement In Property Market

The latest Office of National Statistics UK House Price Index Report has confirmed the market’s slowing growth. In the year to September, average house prices have increased by 3.5%, this is an increase of 0.4%

Annual Law Firms' Survey Suggests Four Clear Concerns For 2019

The Annual Law Firms’ Survey 2018 seems to show optimism and success in spite of problems that were seemingly guaranteed to disrupt any growth in the legal sector. 89% of UK law firms have seen

Legal Sector Increasing Despite Skills Shortage

Despite a legal skills shortage and Brexit concerns shrouding the industry in a cloud of uncertainty, a recent report, by Clayton Legal, has found that the legal sector overall is increasing its demand for law

Fraudster Jailed For Exploiting Families Using Fake Rent-To-Buy Scheme

A property fraudster that unjustly conned many trusting people out of their property deposits, worth thousands, has been jailed. The 63-year-old con artist, Jonathan Mark Turner-Miller, pleaded guilty to the offence of fraud at Teesdie

Home Owners Struggling To Make Second Step

The vast majority of people have found the property market fairly hostile in recent months. According to a recent report by Lloyds Banking Group, a third of home owners looking to take a second step

Hidden Costs Overwhelming Home Buyers

As price transparency knocks on the door of the legal sector, a new report has criticised the house buying process for the level of hidden fees a buyer is expected to pay. Furthermore, the survey

Young People Increasingly Reliant On Inheritance And Gifts To Buy Property

The most recent government report into Intergenerational transfers, looking at the years in between 2014 and 2016, has highlighted the way different sections of UK society give inheritances, gifts and loans. The research enables the

Mortgages In Arrears Decrease In 2018

Whilst the property market may be struggling at present, mortgage arrears and property possessions are now at an all time low figure. In the third quarter of 2018, there were 77,600 homeowner mortgages in arrears

Government Consultation On Holiday Let Business Rates Relief

The Government have launched a consultation that could alter the way council tax and business rates are applied to people with second homes in the UK. The consultation process will research claims that some people

Government Could Introduce Property Logbooks

Government representatives from the Ministry of Housing, Communities & Local Government have criticised the current conveyancing process due to completion times and seemingly poor levels of communication throughout the process. The home buying process currently

Equity Release Continues To Rise

As older home owners look for innovative ways to help fund their later life and retirement, equity release continues to thrive. The Equity Release Market Monitor Report data found that the quarter three statistics had

Annual House Price Growth Lowest In Five Years

The most recent House Price Index continues to perpetuate the claim that the housing market has reached a house price affordability ceiling point as the figures suggest the slowest price increases in five years. According

Law Society Admonishes SRA And LSB Approved Tiered Solicitor Proposal

As the Legal Services Board approve the SRA’s proposal to allow multiple tiers of solicitors, the Law Society have warned that it may slacken existing rules and reduce public protection. The rule change will permit

https://www.sra.org.uk/consumers/solicitor-check/055400.article

The Solicitors Regulation Authority (SRA) had accused Manchester firm Sleigh Son & Booth of four separate offences that created a clear conflict of interest. Following a recent ruling by the Solicitors Disciplinary Tribunal (SDT), the

Government Fail To Meet 300,000 New Home Pledge

Despite insisting in the 2017 budget that the government intended to build 300,000 new homes a year to help ease the housing crisis in England, latest figures by the Office for Budget Responsibility have found

Only One Quarter Of Young People Can Afford To Buy Their Home

A recent report by MoneySuperMarket has emphasised that changing landscape of home ownership in the UK over the past thirty years. In particular, the headline figure focused on the fact that there are now around

NCA Report Highlights Increasing Threat From Organised Crime

Over 4,600 serious organised crime agencies cost the UK economy £37 billion per year; this is a 54% rise compared with the £24 billion worth of losses found during the last report five years ago.

SRA Announce Price Transparency Date and Digital Badge

The Solicitors Regulation Authority (SRA) have just released their official dates for price transparency and confirmation of the use of their new digital badge. Remaining consistent with the date agreed by the Council for Licensed

Councils Struggle To Meet Residential Land Search Deadlines

Around 15% of councils are struggling to meet property search expectations. In some lucky cases, a search can take as little as a day; however, there have been cases of a 95 day wait for

Wales Release Autumn Housing Budget

There has been much speculation regarding the Autumn Budget and how it will impact the housing market in recent weeks. The Welsh Government have offered details that suggest strong support for housing professionals. Although the

Increasing Housing Supply For September

The majority of house reports in the past two months have been depressing reading for those in the housing sector. However, the NAEA Propertymark Housing Report for September, offers a mixed bag with suggestions of

the average UK rent has increased by an average of 0.9% in the last 12 months

Private rental prices paid by tenants is beginning to slow according to the recent Office for National Statistics (ONS) ‘Index of Private Rental Prices, UK: Spetember 2018.’ Although the average UK rent has increased by

Difficult Market Conditions Halt SME Construction Growth

Growth with small and medium sized construction firms has slowed considerably this year according to the Federation of Master Builders (FMB). Although the third quarter workloads have increased, the growth was considerably slower than quarter

Three skyscraper office buildings

Many are speculating that stagnant wages and rising house prices have caused the housing market to hit an affordability ceiling point as price growth fell from 3.4% to 3.2% in September for residential property sales.

Landlords Hopeful Of Change In Upcoming Budget

It seems as though the market has focused on First Time Buyers to bolster a stumbling market in recent years to the perceived detriment of buy-to-let landlords. Although landlords will be hoping that their plight

Mortgage Process Ranked In Top Three Most Stressful Situations

A study, by free mortgage broker Habito, in to triggers of stress has ranked acquiring a mortgage amongst the most stressful activities. Unsurprisingly, Millennials aged between 20 and 34 were the most stressed by the

House Growth in England and Wales At Five Year Low

It has been difficult to look at housing news over the past two months without reading about reducing prices and dwindling demand. Keeping with tradition, the most recent Your Move index corroborates the negative sentiments

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