The recently published ‘number and types of transactions for value’ released by HM Land Registry (HMLR) suggest that HMLR failed to complete applications anywhere close to the average in April. Overall, the data indicated that Read More
New research suggests that post-financial crisis regulatory changes have severely restricted many first-time buyers from climbing on to the property ladder over the past decade. According to the Intermediary Mortgage Lenders Association’s (IMLA) ‘First-time Read More
Wednesday Today was particularly exciting – well in the world of a conveyancer it was! I had a chain complete! I have only had one chain complete during lockdown and I had forgotten the wait for Read More
The leading warranty and insurance provider for new build homes, the NHBC, has announced the appointment of Alan Rubenstein as new Chair. Currently serving on NHBC’s board as a nonexecutive director, Mr Rubenstein undertakes Read More
The property market enjoyed its busiest day yesterday since lockdown was introduced. Purchase mortgage search volume was 25 per cent higher yesterday than any other time since lockdown restrictions were introduced, according to Twenty7Tec mortgage Read More
The majority of conveyancing firms surveyed by Today’s Conveyancer last week believe the market has shrunk to below 50 per cent of what it was at this time last year. Today’s Conveyancer wants to Read More
In our recent Ask an Expert series, Chris Harris interviews Rob McKellar, Head of Practice for Residential Conveyancing and Head of Strategic Growth for Consumer Legal Services at Slater & Gordon Lawyers. The pair discuss Read More
A cross-industry group working within the property sector have written an open letter to the government imploring them to offer ‘greater flexibility’ in the furlough scheme. Currently, employers can only move their staff in and Read More
In our recent Ask an Expert series, Chris Harris interviews David Jabbari, CEO of innovative conveyancing provider Muve. The pair discuss the state of the market during the Covid-19 situation, the impact increasing mergers and Read More
The property freeze has been lifted but the sector remains in a strange no-mans land, caught between the extremes of pre-lockdown working and total market lockdown. Social distancing responsibilities now drive the way the sector Read More
Homeowners struggling financially at the current time are able to extend their mortgage holiday by an additional three months from today. It is estimated that 1.8 million homeowners are already utilising the mortgage holiday to ensure Read More
The Law Society of England and Wales is asking the Solicitors Regulation Authority (SRA) to extend the solicitors indemnity fund (SIF) cover beyond September’s intended cut off point. Although the SRA intended to close Read More
Despite some firms struggling to renew their PII in March, experts are assuring the sector that there are deals to be done, but firms must prepare. The spread of Covid-19 in the UK coincided with Read More
Residential property transactions last month had more than halved since the recorded figures from April 2019. According to recent HM Revenue and Customs data, 46,440 residential transactions were completed in April; 53 per cent fewer than the same Read More
Early indications suggest that the property market is bouncing back with Rightmove site interactions above 2019 levels, new instructions rising and sales agreed increasing. Full property viewings on Rightmove are now stronger than 2019 levels, according to Read More
The Government has conceded that deadlines to ensure all remediation work on the removal of dangerous cladding on buildings by June will not be met. Unfortunately, the recent lockdown has meant that many remediation projects Read More
The mortgage slowdown during lockdown seems to have impacted prospective buyers more than homeowners. Those looking to purchase a property for the first time seem to have delayed their home move during lockdown or were Read More
The property Ombudsman experienced a 20 per cent spike in formal complaints last year according to its annual report for 2019. Similarly to other years. communication and record keeping were the most complained about elements of a Read More
The housing market has been open for a week and activity has been steadily increasing since the announcement that the sector was released from lockdown. In the past week we have had governmental updates on Read More
The number of active conveyancing firms in the UK has fallen to its lowest ever levels since the tracker was launched in 2011. At the start of 2020, there were 4,135 active conveyancing firms. However, by the end Read More