Two Thirds Of Retirees Plan Not To Downsize
Estimates from research conducted by Canada Life have suggested that an increasing amount of people will look to raise income by releasing equity from their homes and nearly 14 million plan to keep their current property rather than downsize. With an increase of 5% since research conducted in 2016, over two thirds of adults say […]
Restrictive Covenants On Freehold Property Causing Hostility
Homeowners are angry and worried after finding out their new freehold properties they purchased is riddled with restrictive covenants and rent charges. Traditionally, freehold has always been the preferred method of buying as the homeowner owns the property and the land it sits on outright and does not have to pay any ground rent or service charges. Whereas, leasehold properties the person owns the property for the length of their lease […]
Commercial Buyers Of New Build Real Estate Increasingly Looking Beyond The M25 As Market Falters
Forecasts predict a slump in new build sales in London by the end of the year Search Acumen Commercial Real Estate Insights – Q3 2019 edition Commercial new build transactions outside the capital set to rise in 2019 while Greater London transactions set to fall precipitously as Brexit bites Commercial real estate new build sales […]
Solicitors Urged To Submit Frozen Asset Report
Risk management and compliance consultancy service provider, Legal Eye has urged solicitors to act now if they are holding client money on account that is subject to financial sanctions. Legal professionals have until tomorrow (11th October) to check the latest HM Treasury consolidated list of asset freeze targets to make sure lawyers are not holding monies belonging to a client that is subject to financial sanctions. […]
New Looming Obligations On Conveyancers
You never go to a conveyancing conference expecting flowers, blue birds chirping and the sweet sense of relaxation and ease waiving over you. The Law Society Property Section Conference today has certainly played to form. About 200 conveyancers listened to this mornings session as reminders were given about all the new obligations that are coming, […]
Does Fracking Pose a Risk to Your Commercial Property Interests?
Hydraulic fracturing (also known as ‘fracking’) is nothing new in the UK; indeed, it has been used actively in North Sea oil and gas wells since the 1970s. The more recent phenomenon and one that has garnered a great deal of negative press and controversy is the extraction of shale gas using fracking techniques, which […]
UK Legal Industry Acknowledges Importance Of Mental Health
It’s World Mental Health Day today, 10th October, and charity organisations, legal professionals and firms across the UK have echoed their sentiments across the community to raise awareness of the importance of good mental health and well-being in the industry. Numerous legal firms and practitioners have taken to social media to show their support and become advocates […]
Who’s First On The Ladder In Your Area?
This week Nested.com have revealed their inaugural first-time buyer (FTB) age index, giving conveyancers a little insight into the average age of the clients they’ll be liaising with. The survey found that FTBs in the Scottish city of Edinburgh were the oldest to join the ladder at 30 years of age. Whereas, the stereotypical ‘no […]
ID And Source Of Funds App Thirdfort Raises £700K
Thirdfort has raised a seed round of £700,000 led by Mishcon de Reya and a personal investment from Chris Marks, CEO of NatWest Markets, with support from all existing investors including Alex Chesterman and Lawyer Checker. It brings the company’s total investment raised to £1.3 million and will be used to accelerate product development and […]
High Moving Costs Forces Clients To Find Conveyancing Deals
Homebuyers/sellers in the UK may have to shop around more to get the best deal on conveyancing due to record high moving costs across the country. The average cost of buying and selling in the UK has increased to £10,414 or £24,585 in London – which is a rise of 2% year on year, according […]
Nominations Now Open For Modern Law Awards
Nominations are now open for The Eclipse Proclaim Modern Law Awards 2020. The Modern Law Awards recognise and celebrates sparkling talent and success in entrepreneurship, market development, business management and best practice in the modern legal services sector. The Modern Law Awards are the perfect opportunity for the sector to showcase and set the benchmarks […]
Terrafirma Is Delighted To Announce The Appointment Of Lucy Oxer As Chief Data Officer
Terrafirma is well-renowned in the UK Legal and Property sectors as ground experts, becoming the second largest provider of coal mining reports in England and Wales. We make it our mission to push the boundaries of what can be achieved with existing ground data and new emerging data, identifying a critical need for a better […]
poweredbypie Becomes CILEx Industry Partner
Search and software provider poweredbypie has today announced it has become a Chartered Institute of Legal Executives (CILEx) industry partner. Lynne Squires, Head of Business Development at CILEx comments: “I am delighted that poweredbypie has become a CILEx industry partner. This formal partnership enables us to confirm poweredbypie as a recognised service provider that has […]
Clients Choose Law Firms On Trust Not Price
Reputation and trust are more important than price to clients when it comes to choosing a law firm to help them with a legal matter, according to findings derived from the biggest-ever client experience research project conducted in the legal sector. LawNet, the collaborative non-profit network for independent law firms, led the project undertaking almost […]
Regulatory Constraints Create Panel Manager Opportunities
Conveyancing panel manager models are evolving more to change and transforming the house buying/selling journey with the addition of concierge services. Whilst conveyancers try to evolve their business models the lack of regulation enables opportunities for panel managers to continue to grow. For example, panel managers are providing concierge services to customers such as utilities […]
Law Firms Failing To Implement Cyber Essentials
Law firms are failing in their efforts to tackle the rising risk of cyber crime. Even with £millions continuing to be fraudulently redirected, with the associated reputational impact and knock on effect on professional indemnity insurance premiums, most law firms have not implemented even the most basic cyber security measures. The research has been undertaken […]
Brownfield Sites Could Unlock More Conveyancing Work
Surplus regional brownfield land could potentially open up doors to extra vital conveyancing work for the property industry. Vacant land could help the Government meet its target of 300,000 houses per year and welcomed clients for conveyancers across the country. The potential brownfield land available covers 75% of the houses England will need across the […]
Conveyancers Warned Over Lack Of Leasehold Advice
A National Leasehold Campaign (NLC) report warns conveyancers that 89% of leaseholders were not properly advised by their solicitor on what they were buying. The report reveals that nine out of 10 leaseholders were not explained the difference between freehold and leasehold properly by their conveyancing solicitor when they purchased their new homes. While the […]
Gazeal backs first Bold Legal LIVE! and ESTAS Awards
The Bold Legal LIVE! conference is being hosted in association with the ESTAS Group who will be holding their annual ESTAS Conveyancer Awards on 18th October. The one-day conference is open to all property lawyers, law firms and key decision makers in the conveyancing sector. Both events will be held in the stunning ballroom at […]
Conveyancing Searches At Risk By Unprecedented Cyber Attacks
Local searches, which form an essential part of conveyancers role during a home buying process, could be compromised as Councils has reported that UK Local Authorities are fending off 800 cyber attacks every hour. The information the Local Authority holds enables conveyancers to advise their clients accordingly and make informed decisions on whether they need […]
