Purchase Mortgage Searches Increase By 109% In 4 Weeks

Purchase Mortgage Searches Increase By 109% In 4 Weeks

Over the past four weeks, the number of searches for purchase mortgages has increased by 109 per cent as the reopening of the property market stimulates buying and selling. According to mortgage data from Twenty7Tec,

RICS April Sentiment Highlights Severity Of Lockdown Uncertainty

What a difference a week makes! It has been seven days since the property market was released from the lockdown and early indications suggest that market activity is buoyant and constantly increasing. However, eight days

Post-Lockdown Property Market Bouncing Back

Recent Rightmove data indicates that the property market needs to prepare for an immediate surge in demand after home-mover visits to the site exceeded 5.2 million on Wednesday 13th May. This figure represented a 4

Payment Holidays Prevent Rising Mortage Possessions

Homeowner mortgages in arrears increased slightly between the final quarter of 2019 and the opening quarter of 2020. There were 72,380 homeowner mortgages in arrears of more than 2.5 per cent in the opening quarter

Ask An Expert: Surveyor Perspective Of Post-Lockdown Market

Since lockdown, the property market freeze has created a worrying environment for all stakeholders in the home buying and selling process. The inability for surveyors to complete physical surveys and valuations, in particular at the

Out Of Office Message Etiquette And Security Considerations

The property market freeze has placed an incredible strain on all businesses and stakeholders involved in the home buying and selling process. Law firms have been forced to make difficult decisions in order to save

Property Market Restart Has Immediate Impact On Mortgages

The reopening of the property market has had an immediate positive impact on mortgage activity according to recent data. Whilst Twenty7Tec’s mortgage statistics for the week ending May 13 suggested that both search and document

Restart And Renew - Housing Secretary Statement

Yesterday, the Housing Secretary, Robert Jenrick, announced the restart of the property market, claiming it was an opportunity to ‘restart and renew’. Amongst his comments, Mr Jenrick highlighted the importance of opening the market and

Tom Parkinson, Solicitor and Head of Property & Director at Rowlinsons Solicitors,commented: Very welcome news for the Property Industry tonight from the Government. Hopefully we can now start to help those clients again who have been so patiently waiting for this news. Let’s not forget though to adhere to those extremely important measures that are still in place for very good reasons! Gavin Wall, director at Conveyancing Expert, commented: Do you know what I love about conveyancers? It's the ability to find a solution to everything thrown in front of them. Today will be the start of a massive learning curve as we all find ways to deal and work in this new world. We need to order funds and redemption statements earlier, get documents posted faster (though I'm delighted with the change at the Land Registry and the Mercury signing approach) and most importantly, remind our team and ourselves that our clients need help, re-assurance and great legal advice. I'd better get on and bring some smiles.

The property sector is collectively breathing a cautious yet overwhelming sigh of relief today following the reopening of the property market. According to data analytics organisations, this means the estimated 163,000 properties worth £55 billion

Law Society Encourage Adaptable Cautious Return To Work

The Law Society of England and Wales is urging law firms to remain cautious when entering ‘unchartered waters’ as the lockdown restrictions are lifted and legal businesses are free to work form their offices. Simon

Cross-Industry Guidance Launched On Safely Reopening Market

A cross-industry guide, co-authored by a number of residential sector and professional organisations’ representatives, has been launched today in a bid to provide practical guidance on how to ensure all aspects of the home buying

Government Issues Removers Safe Moving Guidance

Removers were among the home buying and selling industries offered safe moving guidelines to ensure their transition back into work is smooth and safe. The sector was already gearing up for a return after removal

Surveyors Given Updated Guidance On Home Surveys

Home surveys and valuations are an integral and fundamental part of the home buying and selling process and the sentiment from the sector welcomes recent government advice and guidelines permitting physical valuations and surveys to

Working In The New World - Conveyancers and Estate Agents

The government has updated the advice on home buying and selling which was issued on March 26 effectively freezing the property market. The new advice informs the industry about how to comply with ‘safer working’

Property Market Reopen From Today

The Housing Secretary, Robert Jenrick, has announced plans for the UK to safely move home, from today, as long as social distancing advice is followed. Estate agents’ offices can reopen, buyers are free to view

FCA To Suggest 1 Year Mortgage Holiday Extension

In a bid to avoid repossessions, the Financial Conduct Authority (FCA) are looking at various scenarios of extending mortgage holidays for up to a year. Although the economy is set to bounce back fairly quickly,

Celebrity Law Firm Hit By Ransomware Attack

A New York based law firm, Grubman Shire Meiselas & Sacks, who are predominantly used by the world’s rich and famous, have suffered a substantial cyber attack. The cyber criminals claim to have access to

Pickfords Fully Operational Following Government Advice

There are indications that removers Pickfords are open for business once again. Following the amended social distancing and working guidelines from the government on Sunday which stated that if you cannot work from home you

Furlough Extended Until October

The Government has just announced an extension of the furlough scheme to October with no changes before end of July. Details of changes after that will be provided by the end of May but are

Return To Work Guidance Expected This Week

Despite reports highlighting the post-lockdown social distancing measures for estate agents being leaked last week, the government’s 50 page document detailing the phases of lockdown relaxations and subsequent return to work guidance omitted the property

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