Growth And Confidence In Property Market Reduces In July
Despite the more positive outlook posted in June, inroads were eroded slightly in July concerning positive near term growth in the property market. Although buyer demand remained in positive territory in July with a net balance of +8%, this has slipped back from +10% recorded in June, according to the most recent UK Residential Survey […]
Nearly 7,000 Brits Expected To Move House In One Day
The month of August is expected to be an even busier time for conveyancers as Friday 30th August is set to be the most popular day to move house this year, according to research carried out by The HomeOwners Alliance using data from Reallymoving.com. With 625,000 Brits moving in England in 2016-2017, which equates to […]
New Conveyancing Firm Launched in Leeds
Adele Baker, Emma Newby and Gary McAuley, three experienced conveyancers with over 50 years’ experience have partnered together to create the new Leed’s based conveyancing firm, Lets Move Conveyancing. The trio have worked together for the last 12 years but decided to create their own firm, concentrating primarily on residential sales, purchase and remortgaging work. […]
Searches UK Honoured In 2019 Modern Law Conveyancing Awards
Searches UK has been highly commended in the Search Provider of the Year category at the prestigious Eclipse Proclaim Modern Law Conveyancing Awards. Now in their fourth year, the awards celebrate success in the UK conveyancing market by recognising talent, achievement and innovation. The awards ceremony took place on 18th July at The Rum Warehouse […]
Widening Gender Pay Gap And Property Increases Adversely Affecting Women
Women are one of the main victims of the housing crisis as the gender pay gap and soaring prices have had considerable effects on housing affordability. Women on a median UK salary fall over 50% short of affording an averagely priced home in the majority of regions in the UK. The only regions they can […]
Local Authority Downgrades Summer Search Suspension To Delayed Service
Surrey Heath Council has announced that the summer postponement of all local authority searches has now been downgraded to a delay to service. The Council claimed that the upgrades to their database software, which provides information on local land charges, building controls and planning issues, would prevent them from being able to accept requests during […]
Majority Of Over 55s Will Struggle To Acquire Retirement Interest-Only Mortgages
Interest-only mortgage borrowers looking to take out a retirement interest-only (RIO) loan are struggling to acquire this preferred loan choice because they have not paid enough into their pension to help fund the repayments in their retirement. According to Royal London research, hundreds of thousands of interest-only borrowers are coming to the end of their […]
Transactions Decrease In 2019 But Sector Set To Grow 6% By 2022
The UK conveyancing sector is contracting at a faster pace than the previous two years of decline. According to the ‘UK Conveyancing Market 2019: Market Trends‘ Report, UK residential transactions decreased by 6.6% in the opening half of 2019 and is set to fall further in the second half of the year. This figure has […]
Construction Industry Output And Confidence Falls Again
The construction industry continued contracting for the fifth month out of the last six as political uncertainty and weakened economy erode investor confidence. According to data from the IHT Markit/CIPS UK Construction index, July’s construction figures of 45.3 slipped below the no change standard of 50 for the fifth time in six months. Although July’s […]
Shaving 36% Off SDLT Could Improve Transactions By 40%
Following Boris Johnson’s campaign pledge involving a revaluation of stamp duty land tax (SDLT), a buying agency expert has estimated that changes to the current system could produce a tax benefit worth over £9 billion per year According to buying agency, Ludgrove, this could be achieved via a 36% reduction in stamp duty land tax […]
LFS Shortlisted Firms for Best Individual Conveyancer 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 […]
Future Gazing – Industry Experts Debate What’s Next In PropTech
We recently held a series of stimulating round tables to reflect on the PropTech landscape and the potential of future innovations. We invited representatives from HM Land Registry (HMLR), Leverton, an Artificial Intelligence and Deep Learning technology company, International Property Network (IPN), a blockchain property technology firm, research-led Artificial Intelligence company, Eigen Technologies, and also […]
Rogue Trader Scams Over £30,000 From Elderly Home Owners
Dolphus Gaskin was sentenced to four years in December 2018 at Chester Crown Court after defrauding vulnerable and elderly people in Cheshire out of £33,000. Between January 2017 and March 2018, 25-year-old Gaskin cold called homes in the area after noticing damage to their roof or that their guttering needed cleaning. He would agree a […]
Storm Clouds Gathering Over The Construction Sector
There are a number of worrying signs for the construction industry with Brexit uncertainty being blamed for a nervous property market. According to the Federation of Master Builder’s (FMB) ‘State of Trade’ survey for the second quarter or 2019, the UK average suggests that the construction industry grew in the second quarter of the year […]
Disorderly Brexit Will Cost Legal Sector £3.5 Billion
The potential impact Brexit will have on conveyancers was considered this week after it was revealed that the legal sector could face a catastrophic decline in the event of a disorderly exit from Europe. The UK is currently the second largest global provider of legal services and the largest in Europe. Despite the power and […]
Thames Water Property Searches Hosting Commercial Legal CPD Event
Thames Water Property Searches are hosting an informative and interactive commercial legal CPD providing essential information and updates by leading industry experts. Event Details Date: Thursday 26th September 2019 Venue: Metro Bank Plc, 1 Southampton Row, London, WC1B 5HA Time: 9:00am – 4:00pm The event is designed to inform commercial conveyancers and solicitors on recent […]
Implications Of Stamp Duty Land Tax Changes
Brexit uncertainty has cast a dark shadow on the UK since the referendum in 2016. Following that date, the property market started to show signs of a slowdown, forcing the Government to look for ways to stimulate the sector. A popular tool in the Government’s arsenal has been recent amendments to stamp duty land tax […]
Landmark Comments On Prime Minister’s Commitment To Boost Home Sales
Stephen Stout, Executive Chairman, Landmark Information: “With the arrival of the new Prime Minister, Mr Johnson has already stated his intentions of injecting a long-overdue boost in to the UK’s property market. “This is certainly welcome news to help revitalise what is currently a flat market, which is down by around 5% when compared with […]
Industry Experts To Discuss Cyber Crime And Technology
Today’s Conveyancer’s latest round table event is less than a week away. As the nation adjusts to a new Prime Minister and prepares for a final Brexit outcome, the property market has experienced an ever-changing landscape. Despite shifting regulations and a hot seat of key political figures shaping the sector, the only real constants have […]
Only A Quarter Of Younger Generation Will Own Property By 2026
The majority of people who do not currently own their own home believe that the dream is now permanently beyond their reach. According to a recent survey from lender, Santander, 70% of respondents feel they will never own their own home without significant support and the younger generations will only struggle further in the future […]
