Third Still Homeless Despite Local Authority Intervention

Over a third of all people who appealed to their local authorities about a need for housing are either still homeless or have become homeless due to a worrying lack of council housing. The housing

Half Of Homeowners Rushed Into Buying

Almost half of all homeowners in the UK regret buying their home and over half feel as though they rushed into making such a huge life decision. 44 per cent of homeowners would not buy

House Builders Call For VAT Cuts In Spring Budget

Almost two thirds of small to medium-sized construction companies are calling for the governing body to exert their new independent muscles by announcing a cut in VAT on home repair and renovation works. The Federation

Increasing Equity Release Products Attracting Younger Homeowners

The increased number of products and plans available to homeowners is encouraging a lot more younger people to use equity release products. Over the last four years, the number of 55-year olds researching equity release

Market Remains Buoyant In February

Activity in the housing market is continuing to increase according to the Halifax House Price Index. The Index has claimed that transactions, mortgage approvals and house prices all climbed in February, following a strong December

4.3 Million Non-Decent Homes Damaging Occupiers

According to the ‘Home and Dry’ report, carried out by the Centre for Ageing Better and Care & Repair England, 4.3 million homes do not meet ‘basic standards of decency’ because of ‘serious hazards’ which

Speak Freely At Inaugural Conveyancing Summit

Today’s Conveyancer is hosting an industry summit where professionals can discuss their personal challenges and issues within the sector with their peers. The summit takes place on Thursday 12th March at the prestigious Montcalm Royal

Mortgage Market Shrank By 1.5% Last Year

Gross mortgage lending experienced the first annual fall since 2010 last year. According to UK Finance’s ‘Household Finance Review – Q4 2019’, mortgage lending to all buying demographics fell in 2019, despite the strong end

Government Demand Age-Friendly Energy Efficient Homes

The government are launching a house building competition in order to encourage developers and builders to design elderly friendly homes for the future. Small businesses, designers and manufacturers have been given the brief of creating

Coronavirus Will Deter Third Of Buyers And Sellers

31 per cent of buyers and sellers will cancel their plans of moving home whilst the coronavirus is still spreading throughout the UK. Worryingly, whilst a third of potential buyers may postpone their activity in

Government Back Law Commission's Report Into Electronic Signatures

The government is in overwhelming agreement with the Law Commission’s report on the Electronic Execution of Deeds. The government will endorse the draft legislation regarding electronic signatures as being permissible and confidently used in commercial

Freezing Order Used On £10 Million Property Portfolio

The National Crime Agency (NCA) has secured a freezing order on a UK property portfolio worth more than £10.5 million amidst money laundering concerns. The Property Freezing Order (PFO) will delay or permanently prevent the

TA6 Guidance Amendments On Property Sector

Last month, the Law Society published updated property information forms (TA6). Having reviewed the updates, a number of amendments regarding Japanese Knotweed were made to reflect the difficulty in diagnosing an issue with the invasive

The Chancellor has been urged to use the Spring Budget as a way of getting the UK moving with fears that economic and social factors could negatively impact the market in 2020. Outside influences had

Legal Supplier Spotlight: Paralegal To Product Manager

The legal sector is reliant on legal suppliers to ensure a smooth and efficient service for their clients. Often, the technology and services suppliers provide will improve, secure and safeguard the home buying and selling

26% Fall In New Build Sales Received For Registration

The number of new build sales received for registration in January 2020 fell by over a quarter compared with the year earlier. Of the 95,982 sales received for registration, 12,841 were for newly built properties,

Online Fraudsters Sentenced For £10 Million Push Payment Fraud

An unscrupulous gang of five online fraudsters have been jailed for ‘payment diversion fraud’ offences worth over £10 million. The North West London Economic Crime Unit identified a total of 235 separate frauds committed between

Amanda Hamilton Discusses Evolving Role Of Modern Paralegals

Once viewed as the assistant to a solicitor with a main aim of aiding them in the development of a case, the role of a paralegal is now unrecognisable. Gone are the days when a

Mortgage Approvals Rise To Pre-Referendum Levels

Mortgage approvals for home purchases reached pre-referendum highs in January. The 70,900 mortgage approvals for house purchases, a key indicator for future lending, represented a 4.4 per cent increase when compared with the already buoyant

Government Reservation Agreement Trial Delayed

Government housing officers have delayed the proposed reservation agreement trials until late Spring. The government had announced that a trial into reservation agreements was set to take place in the first quarter of 2020. However,

Use Of Help To Buy Increases In 2019

Help to Buy purchases made using an Equity Loan reached record highs in the year to September 2019. 52,703 Help to Buy homes were purchased using an equity loan in the year to September, a

Lords Critical Of Government’s Housing Targets

The House of Lords Secondary Legislation Scrutiny Committee has criticised the government’s housing targets, branding them ‘unrealistic.’ The government’s target of releasing land to build the equivalent of 160,000 homes was deemed an ‘aspirational’ target

CMA Preparing Legal Enforcement Action Against Leasehold Developers

The Competition Markets Authority (CMA) are set to ‘launch enforcement action’ against house builders and developers who mis-sold leasehold properties, trapping buyers in unfair contracts and unattractive or unsaleable properties. Based on the evidence uncovered,

Government Urged To Address Housing Energy Efficiency

A leading group of construction industry bodies has urged the government to ensure that legislation is in place to address the environmental impact of the current housing stock so that it meets sustainability goals. The

Conveyancing Information Executive Launches

A new trade body designed to raise data quality and content standards in property searches used in the conveyancing process has officially launched. The Conveyancing Information Executive (CIE), founded by Groundsure, Landmark Legal, SearchFlow and

anuary Property Sector Boasts A Third More Buyers

Spring is on the horizon and house hunters are awakening from their winter hibernation with almost a third more prospective buyers flooding the property market. The number of potential buyers registered per estate agency branch

Digital Remortgaged Deeds Surpass 7,000

The 7,000th remortgage deed was signed and registered digitally at the start of February. In October 2019, HM Land Registry (HMLR) announced the signing of the 1,000th digital remortgage. However, since this time conveyancers and

Expert Warns Government About Future Flood-Prone Developments

The Environment Agency Chief Executive has urged the government to only approve developments on high-risk flood plains when there is ‘no real alternative’. In a speech at the World Water-Tech Innovation Summit, the Environment Agency

‘Big Thinking’ Housing Spring Budget Required

The government’s pledge to build 1 million new homes over the next five years has been accused of lacking ambition. The Intermediary Lenders Association (IMLA) has released a set of suggested priorities the government should

The government are ploughing ahead with plans to introduce a New Homes Ombudsman. The government statement claimed the Housing Secretary is set to ‘clamp down on shoddy housebuilders’ by offering the new independent ombudsman increased

Housing Sector Crisis Solved By 2035

Estimates suggest that the current housing crisis gap will not be closed until 2035, based on the current speed of new build completions. The BBC has produced a briefing paper on the state of the

January Mortgage Approvals Fall Slightly

First-time buyer activity increased in January whilst mortgage approvals fell slightly in the opening month of 2020. Small deposit borrowers, usually made up of FTBs gaining their first rung on the ladder by acquiring lower

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