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Legalinx urges conveyancers to protect themselves from bankruptcy risks
With bankruptcy searches becoming quicker and easier to carry out, LegalinX-7Side, a market leading provider of business, property and consumer information, is urging conveyancers to do more to protect themselves and clients from risk. During a commercial conveyancing transaction, the conveyancer who acts as the representative for the buyer or lender should be aware of […]
LegalinX-7Side report on the Conveyancing Association’s call to rethink housing tax
This week has seen the Conveyancing Association join the Society of Licensed Conveyancers in appealing to the Chancellor of the Exchequer, Philip Hammond, to reverse the housing market reforms that were planned an implemented under the previous Chancellor, George Osbourne. These included the Stamp Duty Land Tax 3% increase on second homes, which the association […]
Wales to introduce replacement to SDLT
In the first bill introduced as part of the new legislative programme brought forward by the Welsh government a new tax will be introduced to replace the Stamp Duty Land Tax currently in place to home buyers. The Land Tax and Anti-avoidance of Devolved Taxes (Wales) Bill has been designed to reflect needs and priorities […]
LegalinX-7Side report on auction market in post Brexit slow down
It has been reported that the UK’s housing auction market is currently experiencing a decline in sales with fewer buyers frequenting auction rooms than last year. July saw 13.3% less sales than the same month the year before, but this is believed to be partly due to vendors not making their properties available for auction with […]
LegalinX-7Side report on Land Registry Transaction Data for July 2016
The Land Registry has released its Transaction Data for the month of July, which provides information about the types of application the registry received and the quantity.
LegalinX report on the House Price Index for June 2016
The Land Registry has this week released the House Pricing Index for the month of June. This index has revealed information on the performance of house prices during the month of the referendum and Brexit result, along with sales volumes from the month of April as the registration of sales takes place approximately two to […]
A summary of the Land Registry House Pricing Index for May 2016
The Land Registry has released its pricing index recorded for May 2016. This release holds information on how the housing market was performing before Britain voted to leave the European Union, the result of which has been accused of already negatively impacting prices and sales. The figures show that during May monthly house prices rose […]
Land Registry Privatisation due for Parliamentary debate
As Britain recovers from the shock of a Brexit result in last week’s referendum, we try to remember that for the moment life still goes on even as the pound crashes around us. This week, parliament will be meeting to discuss the government’s controversial plans to sell off Her Majesty’s Land Registry. David Lammy, who […]
Help to Buy ISA rendered useless as house prices soar
As asking prices for houses in England and Wales rise to a record high, prospective first time buyers who have carefully saved their deposits in Help to Buy ISAs are finding themselves priced out of the market. With the maximum threshold on houses that can be bought under the scheme set at £250,000 for homes outside […]
The Help to Buy: ISA Bonus Request System Explained
The Help to Buy: ISA was introduced on the 1st December 2015 as a tax free savings account designed to help more people save a deposit for their first home. An online portal has been introduced by the government to claim these bonuses and with the majority of ISA holders still saving, the future holds […]
Land Registry Practice Guide Amendment & April Transaction Data
The Land Registry has recently made amendments to Practice Guide 39, which covers Rectification and Indemnity. This guide is aimed at conveyancers and shows information on how to apply for rectification and compensation which is paid to those who have suffered loss due to a mistake in the register. Rectification of mistakes can be applied […]
