Brexit Concerns Blamed For 1 Million Lost Home Sales
Since the referendum result in 2016, around 1 million prospective British home buyers have delayed moving home because of Brexit uncertainty. Having commissioned a survey of 1.5 million Brits, GoCompare found that Brexit and the affect it will have on the UK economy is the biggest influencing factor in deterring people from buying a property. […]
Too Many Able Buyers Help Themselves To Help To Buy
Since the launch of the Help to Buy Equity Loan scheme in 2013, around 65,000 households or a third (31%) of people using the scheme could have purchased their home without using Help to Buy. Whilst one of the main aims of the scheme was to stimulate a stalling property market in the aftermath of […]
UK Private Rental Sector To Outnumber Owner Occupiers By 2039
The private rental market could become the most dominant section of the property market within the next twenty years if market forces do not change. A generation of consistently rising house prices when coupled with poorly moving wage growth has created an affordability barrier that many feel they will never be able to break. According […]
Bottom Of Property Market Increasingly Dependent On Help To Buy
The bottom end of the English property market’s dependence on Help to Buy has become clear in recent days as the use of Help to Buy hit record levels in 2018 and is only continuing to soar. In the year to 31 December 2018, 52,057 buyers used Help to Buy; Equity Loan Scheme to purchase […]
Equity Release Grows For Seventh Consecutive Year
As people look for ways to finance their later life, equity release ended 2018 with record levels of investment. Total lending in equity release has grown for the seventh consecutive year. The 3.94 billion extracted through equity release plans is a 29% increase on the figures for 2017. Additionally, £1.08 billion of the total figure […]
Index Property Information Hosts Fraud Risks In Conveyancing Webinar
Index Property Information brings to you a highly informative webinar about the risks of fraud in the conveyancing sector at the end of this month. With the Solicitors Regulation Authority reporting cyber crime has risen again over the last year and conveyancing is now the highest risk area of law, it’s crucial businesses are kept […]
How Diverse Is Your Law Firm?
Demand for legal skills across the UK increased sharply this year and law firms being ever busier will increasingly require the pick of a diverse pool of talented and skilled individuals in order that they can increase their capacity and improve the efficiency of their firms. While The Law Society published recommendations for pay gap […]
Council Retaliated After Being Branded UK’s Slowest For Conveyancing Searches
British TV property expert, Phil Spencer, launched a property data company, MoveIQ, whose research identified Stratford District Council as the slowest in the UK to complete conveyancing searches. After using Freedom of Information requests, the data company, MoveIQ, found that Stratford District Council can take 95 days to carry out searches and that 15% of […]
Annual House Price Growth Lowest Since May 2013
Figures from the Nationwide House Price Index revealed that annual house price growth is now the lowest since May 2013, with growth slowing to just 1.6% in October. Furthermore, while there were 1.2 million transactions in the 12 months to September 2018, that remains 30% lower than the levels seen in the same period in […]
38% Of Help To Buy Users In 2018 Would Be Unqualified After 2021
Under the new rules announced in Monday’s Autumn Budget, Reallymoving’s research data has revealed over a third of homebuyers who took advantage of a Government Help to Buy Equity loan to purchase a new home in 2018 will no longer be eligible to use the scheme after 2021. The scheme which was originally meant to […]
Millennials make huge sacrifices to get on the property ladder
People aged 18 to 34 are putting plans for romance, children and leisure on the back burner in a bid to get on the property ladder. That’s according to mortgage broker Trussle. A recent study of over 2,000 mortgage borrowers asked people about the compromises they have had to make to afford their own home. […]
Modern online auctions under scrutiny
The Homeowners Alliance (HOA) has looked at the potential pitfalls of buying and selling by auction. Commenting on the trend, HOA Chief Executive Paula Higgins said: “It is good to have new ways to help homeowners buy and sell their properties. However, we are concerned that estate agents and online platforms are using the modern […]
Coming to a location near you: ‘Preparing Your Firm For 2019 and Beyond’ – free national roadshow
Do you want to hear all about key topics in your sector to prepare yourselves and your firm for the coming year? InfoTrack’s series of seminars ‘Preparing Your Firm For 2019 and Beyond’ kicks off next week. You only have a week left to register on the free seminars at Tunbridge Wells and London – […]
23% Annual Growth Sees Challenger Firms Set The Pace Among Top Conveyancers
Search Acumen Conveyancing Market Tracker – Q2 2018 edition Firms ranked between 51st and 100th experienced largest yearly transaction growth (23%) as the challenger firms set the pace within the top 100, building on momentum from 2017 Those ranked 1st to 50th follow closely behind with 19% annual growth Total conveyancing volumes for England and […]
Property Industry share views on One-click Conveyancing – Reality or Dream?
As the Government urges the conveyancing industry to reform the homebuying process to modernise an archaic process, what is the likelihood of ‘one-click’ purchase becoming a reality for home buyers? In April this year, the first digital mortgage deed was signed and registered at the HM Land Registry and filed by Enact Conveyancing and Coventry […]
Over a Third of ‘Millennials’ Reliant on Inheritance to Purchase Property
A new report from Sanlam UK has revealed 34% of 25-45-year-olds would use inheritance to purchase property – the second most commonly cited use. Whilst saving or investing came top at 38%, alarmingly, almost a quarter (24%) will be relying on inheritance to pay off debt.
‘Nudging’ our way to a better home buying process
A ‘nudge unit’ might sound like a crack team of one-arm bandit aficionados preying on the seaside resorts of Great Britain, but those with a closer eye on UK politics will be familiar with their work firstly within Number 10 Downing Street when David Cameron was PM, and now in a much broader sense as […]
The Legacy of King Coal
Many people today do not remember the time when ‘King Coal’ was at the heart of British industry.
Bank of England Base Rate Holds Steady at 0.5%
UK interest rates are being held at 0.5% due to the Bank of England’s Monetary Policy Committee (MPC) voting by a majority of 6-3.
Expert insight: New rights for old
The Corporation of Trinity House of Deptford Strond v 4-6 Trinity Church Square Freehold Ltd [2018] EWCA Civ 764.
