Scrapping SDLT For Downsizers Could Reinvigorate Property Market
Following recent discussions on the future of stamp duty land tax (SDLT), a property expert has emphasised the impact it could have in enabling final steppers to downsize. According to the research by Reallymoving, the incentive of selling without losing a substantial slice of the equity to SDLT could free up a huge amount of […]
Government Seek Consultation On Section 21 Evictions
The Government has taken a step closer to enforcing the abolition of Section 21 ‘no fault’ evictions this week by releasing a consultation on the private rental sector. In April, Theresa May gave an impassioned speech regarding the plight of the tenant and their lack of rights. In particular, Section 21 was perceived as a […]
Developers Tasked With Improving Social Cohesion And Wildlife Protection
The new build sector may be set for further restrictive building measures designed to help protect Britain’s wildlife and provide greater cohesion between different community groups. At the weekend, the Government unveiled their plans developers will now need to follow in order to protect British wildlife. The Government have hammered home the issue of environmental […]
Thinktank Corroborates And Costs Boris Johnson’s SDLT Changes
A Conservative thinktank has backed Boris Johnson’s proposed stamp duty land tax (SDLT) cuts and claimed they could be cost neutral to the government. The report, published by the thinktank Onward, claims that the next Prime Minister, Boris Johnson, should help more than three quarters of a million home buyers by abolishing SDLT on all […]
Search Acumen Comments On HMRC’s Monthly Property Transactions for June
Andy Sommerville, Director of Search Acumen, comments: “We regularly measure the rate of property transactions and our findings are mirroring those of HM Revenue & Customs – the Brexit effect has finally taken hold of the housing sector with transaction levels falling in June. “Property owners are opting for a ‘wait and see’ approach before […]
SearchFlow wins Search Provider of the Year at Modern Law Conveyancing Awards
At this year’s Modern Law Conveyancing Awards, SearchFlow were crowned Search Provider of the Year 2019. The award is in recognition of a programme of transformation to ensure exceptional levels of customer service. The judges recognised that the transformation has been underpinned by the launch of a new online ordering platform, process re-engineering for improved […]
Poor Planning Policies, Centralisation Of Tax And Nimbyism Considered Catalysts Of Crisis
Jacob Rees-Mogg and the Institute of Economic Affairs (IEA) have suggested that reverting stamp duty land tax levels to those applied in 2010 will help people to move as opposed to acting as a clear barrier. The ‘Raising the Roof: How to solve the United Kingdom’s housing crisis’, authored by Jacob Rees-Mogg amongst others, considered […]
Experts Consider Legacy And Infrastructure Impact Of Major Sporting Events
Over the past two weeks tmgroup have been hosting a number of round table events in the hope of answering an integral question: how can we improve collaboration between key stakeholders in the new build process? Following the final event in Birmingham on Thursday July 18th, delegates may feel a little closer to reaching a […]
Estate Agency Fined For Exposing Sensitive Customer Information
A London estate agency has been fined £80,000 by the Information Commissioner’s Office (ICO) for inadvertently exposing over 18,000 pieces of sensitive customer data for almost two years. Between March 2015 and February 2017, London agents, Life at Parliament View Ltd (LPVL), failed to protect 18,610 pieces of personal data whilst making a transfer of […]
Market Remains Stable With Marginal Q2 Property Exchange Growth
Property exchange volumes increased by 6% year on year, rising to 992,000. According to the Property Homemover Report Q2 2019, collated by TwentyCi, the market has responded fairly positively to the current political difficulties in the UK. Property Instructions and new property entering the market increased marginally by 2% which suggests sellers are determined to […]
First Unexplained Wealth Order Concerning Individual Links To Organised Crime Issued
A property tycoon from the North of England has been issued with an Unexplained Wealth Order (UWO) by the National Crime Agency (NCA). Having built up a property empire worth in excess of £10 million, the NCA wish to determine the source of funds used to purchase the properties. Having suspected the individual of having […]
Updated Law Society Conveyancing Protocols Released
The 2019 edition of the Law Society Conveyancing Protocol has been released. The new protocols will highlight the best practice in residential conveyancing, highlighting how solicitors acting on behalf of buyers and sellers of leasehold and freehold properties can best advise their clients. It is hoped that the Conveyancing Protocol is another important piece of […]
Property Agents To Be Officially Regulated And Qualified
An independent regulator, updated code of practice and mandatory qualifications are set to be enforced in the property agency sector. The Government has been tasked with creating a list of reserved activities a regulated firm and agent should perform to remain compliant. The new regulations will impact all primary stakeholders carrying out property agency work; […]
From Pretending To Delivering: Industry Comment
Joe Pepper, CEO of tmgroup explains how tm are helping law firms and estate agents offer a truly digital consumer experience. It is a myth that all business have gone digital. Whilst consumers are used to instant online purchasing and interacting with a multitude of apps that manage everything from holidays to finances, many businesses […]
UK Public Has Little Trust In Local Council And Private Developers
Only 7% of the UK population trust local councils to make decisions in the best interests of the local area they are entrusted to protect and grow. Following a survey of over 2,100 nationally represented members of the UK public, collated by property managing and development specialists Grosvenor, also found fewer than 2% trust private […]
UK Property Market Is One Of Three Countries To Shrink In 2018
The UK is amongst two other affluent countries who have endured a property market decline in 2018, according to new figures. The MSCI Global Annual Property Index revealed that the size of the UK Market in 2018 was $714bn (£570bn), which is $6.2bn down from 2017. Out of the top 10 countries who were researched […]
World’s Largest British Building Society Enters Construction Industry
The largest building society in the world with over 15 million members, Nationwide Building Society, are dipping their toes into house building. In a bid to become apart of the elite UK construction sector, the British mutual financial institution will be entering the construction industry after receiving planning permission to build 239 new homes. The […]
Experts Claim Planning Process Needs Radical Modernisation
Developers, planning lawyers, conveyancers, experienced estate agents, land acquisition specialists and industry-centric economists hunkered down in the Omega Business Suite in London yesterday to discuss collaborative approaches in the new build process. The second of tmgroup’s three round table events did not disappoint in unearthing the major issues in new build, before laying the foundations […]
LFS Shortlisted Firms for Customer Service Award 2019
The Law Firm Services Conveyancing Conference and gala dinner with awards ceremony have become a leading conveyancing event in the UK, with its array of innovative ideas, exhibitors and speakers. The 2019 event, which is sponsored by Groundsure, brings together the conveyancing industry to celebrate its achievements in the last 12 months, will take place […]
Professional Choice Consultancy Can Help With Your Recruitment Needs
Professional Choice Consultancy has widened its portfolio to offer a tailored recruitment services to conveyancing firms and their specialist suppliers. The service has been launched after extensive consultation within the legal sector and is purposely designed to meet the niche recruitment needs of this discrete professional grouping. Bill Kirby, Principle of Professional Choice Consultancy, said: […]
