HM Land Registry (HMLR) has issued a statement highlighting that some of their services are likely to be disrupted.

Law Society Issue Furlough Guidance

The Law Society of England and Wales has published fresh guidance helping firms looking into utilising the government’s Job Retention Scheme by furloughing their staff. In recent weeks, many conveyancing departments have seen new instructions

70% Decline In New Listings Since Lockdown

Sales agreed and new listings have plummeted by 70 per cent since government lockdown restrictions according to Zoopla and GetAgent data. Having researched keyword data used since social distancing measures were imposed in the final

Stamp Duty Holiday Imperative Post-Lockdown

RICS has urged the government to enforce a stamp duty holiday once the social distancing restrictions are lifted in a bid to improve consumer confidence and encourage the UK to start moving as soon as

CA Defer Payments On All Training Courses

The Conveyancing Academy, which is endorsed by both the Conveyancing Association (CA) and the Society of Licensed Conveyancers (CLC) for the provision of continual professional development and training, has made the decision to defer all

details of this case are concerned with the ability of law enforcement to use UWOs to compel individuals to detail the source of funds used to purchase assets that they hold. This is distinct from whether the assets themselves are recoverable under the Proceeds of Crime Act 2002.

A High Court ruling has discharged three properties which were frozen by the National Crime Agency (NCA) in May last year using an Unexplained Wealth Order(UWO). Towards the end of May last year, three properties

the Council for Licensed Conveyancers (CLC) is allowing any firms it regulates to defer their regulatory fee payments.

In light of the financial difficulties impacting conveyancing departments at the current time, the Council for Licensed Conveyancers (CLC) is allowing any firms it regulates to defer their regulatory fee payments. Practice fees and payments

New Listings Down 82 Per Cent

Recent figures suggest that new listings were 82 per cent down last week when compared with the week before lockdown. The data, released by Housevault, found 1,695 properties listed for sale over the past seven

Property Market Faces 38 Percent Decline

New research suggests the property market will decline by 38 per cent in 2020 because of the measures imposed to prevent the spread of Covid-19. According to research by Knight Frank, transactions across the UK

Buyers And Sellers Anticipate Five Month Freeze

Buyers and sellers foresee the property market remaining frozen for around five months. According to a nationally representative survey carried out by Trussle, almost half (49 per cent) of buyers had suspended actively looking for

Search Activity Almost Halved In 4 Weeks

The volume of searches and total value of loans have fallen by two fifths over the past month. According to Twenty7Tec’s ‘Weekly Mortgages Stats’ for the week ending April 4, the volume of searches were

UK Construction Suffers Fastest Decline Since 2009

The construction sector has suffered from the fastest decline in UK construction since the financial crisis. The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index tumbled from 52.6 in February to 39.3 in

Legal Advice Requirements Relaxed By Equity Release Council

Equity release providers are no longer expected to ensure customers receive face to face legal advice before taking out an equity release product. The Equity Release Council published the temporary modification to enable those in

SDLT Could Dip To 2004 Levels

Stamp Duty Land Tax (SDLT) receipts could dip to the levels last seen in 2004/05 because of the impact of Covid-19. In a time prior to the emergence of coronavirus, Savills had predicted the UK

New Listings Still Entering Market Despite Lockdown

Recent data suggests new listings could fall to around 1,000 per week within the next month, but people are still placing their homes for sale post-lockdown. According to House Vault, specialists in data marketing and

Estate Agents Face £1 Billion Commission Losses

Estate agents face losing £1 billion in lost commission if the current flow of sales agreed are delayed or fall through completely. According to data collated by twentyci, there were 163,000 in the system which

Government Pledge Standard Approach To Highrise Valuations

The government are putting measures in place to create a standardised and agreed approach in valuing properties in high rise buildings impacted by dangerous cladding. For buildings over 18 metres tall, the government are urging

Industry Regulators Encourage Wider Use Of Electronic ID

Industry regulators have reminded legal practitioners of the importance of using electronic ID and verification processes in order to safely comply with governmental social distancing advice whilst in lockdown. The Council for Licensed Conveyancers (CLC)

Over the past three weeks, a third of mortgage deals have been pulled from the market as Covid-19 causes property market chaos.

Over the past three weeks, a third of mortgage deals have been pulled from the market as Covid-19 causes property market chaos. At the end of last week, governmental guidance urged buyers, sellers and stakeholders

HM Land Registry (HMLR) has issued a statement highlighting that some of their services are likely to be disrupted.

HM Land Registry (HMLR) has issued a statement highlighting that some of their services are likely to be disrupted. Find a property, register create applications and register update application services are set to experience significant

One In Seven Homeowners Using Mortgage Holiday

One in seven mortgage holders in the UK are now subject to a mortgage payment holiday. According to UK Finance, over 1.6 million mortgage payment holidays have been utilised by homeowners affected by Covid-19 saving

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