Conveyancing Defies Brexit Uncertainty To Hit Post-EU Referendum High In Q4 2018
The average number of cases conveyancing firms dealt with in Q4 2018 (65) was the highest quarterly figure recorded since before the 2016 referendum on the UK’s membership of the European Union Total conveyancing volumes in the market were up 8% in Q4 2018 from the previous quarter as the industry enjoyed a strong end […]
Property Market Slowing Despite Slight Transaction Increase
Despite a slight increase in the number of properties registered with HM Land Registry in January, there is a clear indication that the property market is slowing down. There were 99,372 sales received for registration in January compared with the 88,785 registrations made in December 2018. Whilst an increase of 10,000 property sales is certainly […]
Building Industry Pessimistic Over 300,000 Home Target
A recent report has insinuated that house builders feel it is unlikely they will be able to achieve the Government’s target of 300,000 new homes per year, despite consistently improved building figures over recent months. Less than half (48%) of the 400 home building companies that participated in the survey carried out by McBains were […]
Three CLC Law Firms Vulnerable To Email Fraud In Previous Fortnight
The Council for Licensed Conveyancers have revealed that in the past two weeks, three law firms have been targeted by cyber criminals using a very similar phishing strategy. Hackers, had obtained access to an individual’s email information within the firms. Once inside the account, the hacker was able to manipulate messages to automatically forward key […]
Legal Eye Director Passes ISO27001 Exam With Flying Colours
Legal Eye’s Director of Business Development, Jody Evans, has become a qualified ISO/IEC 27001 Information Security Lead Implementer. Jody passed the stringent examination with flying colours; becoming one of only a handful of people ever to have passed the course with a score of 100%. Scott Lloyd, Tutor at BSI said: “We were delighted to welcome […]
Flood Searches More Important Than Ever Due To Climate Change
In these days of digitised property information, conveyancers have a wide choice of search reports at their fingertips when considering how to best identify risk for their client’s chosen property. What is surprising, however, is that only about 29% of orders [1]placed with Geodesys include a full flood assessment, meaning a large proportion of homebuyers […]
Trading Standards Issue Estate Agent Referral Fees Guidance
Fresh guidance from the National Trading Standards Estate Agency team has issued new guidance that will make fees involved in property sales more transparent. In particular, the guidance addresses making referral fees more transparent in order to comply with the Consumer Protection from Unfair Trading Regulations. The new guidance lays out that complete transparency regarding: […]
New Build Homes Should Reflect The Needs Of Ageing Population
72% of the population believe that new homes should be built so that they are accessible for all ages and abilities. Basic requirements for older home owners should be considered by construction companies, especially as the population continues to age and those over the age of 65-years become an increasingly larger percentage of the population. […]
First-Time Buyer Monopoly On Property Market Reaches 20 Year High
A recent report has highlighted that first-time buyers (FTBs) have made up the majority of the property market for the first time in over two decades. The Halifax First-Time Buyer Review found that the 372,000 FTBs that bought houses for the first time in 2018 made up 50% of all house purchases with a mortgage. […]
Implications Of Brexit’s Wait And See Property Market
Brexit uncertainty is creating a ‘wait and see’ approach to home buying in the current climate according to many market commentators with a variety of property figures corroborating these sentiments. The Nationwide House Price Index indicated that buyers were reluctant to stoke their interest following the new year with house prices only increasing by 0.1% […]
