Boris Johnson’s Stamp Duty Reductions To Reinvigorate Prime Property Sales
House prices in prime and expensive locations could improve by over 4.5% if Boris Johnson delivers on his promise to rescind the duty increases imposed on properties over £1.5 million. In 2014, George Osbourne made significant tax changes to prime and super prime UK property by increasing duty on properties valued between £1 million and […]
TMGroup Roundtables Discussing New Builds
The New Build property sector has responded with excitement, exuberance and enthusiasm to a series of roundtable events aiming to build a more collaborative environment. Bringing together a cross section of local government representatives, developers, solicitors, surveyors, planners and estate agents the roundtables will explore what opportunities and barriers there are to creating a sector […]
Fraud Response Initiative Helping To Reduce Conveyancing Fraud
A Fraud Response Initiative, set up to reduce and prevent conveyancing fraud, are proudly boasting a 55% recovery rate on the cases they have worked on since 2017. For far too long redirection fraud, email modification fraud and Friday Afternoon Fraud have plagued the conveyancing sector. Buyers, teetering on the brink of ecstasy as they […]
Is Working For Small Law Firms The Future?
A leading global provider of information and analytics has revealed that from 2016 – 2019 solicitors leaving larger practices to work in smaller firms has increased from 53% in 2016 to 64% in 2019. The latest Bellwether report titled, ‘Is the Future Small?’, published today by LexisNexis UK, highlights that the small law firm sector […]
Government Respond To Select Committee Leasehold Review
The Government has issued a clear warning shot to solicitors putting their own needs in front of their client’s best interests. In the Government’s response to the Housing, Communities and Local Government Select Committee Report on Leasehold Reform, an issue was lodged concerning the relationship between conveyancers and developers constituting a conflict of interest. The […]
Proptech Innovator Suggests Incremental Improvements To Legal Technology
Artificial Intelligence (AI), machine learning algorithms, blockchain technology, the rise of online portal facilities and a host of digital resources are currently being embraced by a legal sector tasked with protecting consumers, improving efficiency, reducing the time it takes to complete a legal service and improving the customer experience. AI and machine learning has been […]
How You Can Reassure Your Clients Regarding The Abolishment Of Section 21 Notices
The Roof’s Falling In: How you can reassure your clients regarding the abolition of Section 21 Notices Speak to any landlord and one concern will regularly pop up in conversation – the fear of the law swinging in favour of tenants, making it harder for landlords to regain possession of their property. It is little […]
LFS Conveyancing Awards’ Shortlist For Direct Conveyancing Firm of the Year Category
The Law Firm Services Conveyancing Conference and gala dinner with awards ceremony have become a leading conveyancing event in the UK, with its array of innovative ideas, exhibitors and speakers. The 2019 event, which is sponsored by Groundsure, brings together the conveyancing industry to celebrate its achievements in the last 12 months, will take place […]
Conveyancing Association Launch Template Letter To Secure LPE1 Information
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (4th July 2019) launched a redrafted Leasehold Template letter for firms to send, along with the Leasehold Property Enquiry Form (LPE1), in order to secure all required information for their leasehold clients within 15 days in a bid to speed up […]
Construction Sector Fear No Deal Brexit Will Reduce Workload
A huge section of the construction sector fear a no-deal Brexit scenario will negatively impact the workloads and massively inflate the cost of materials. A recent survey, conducted by the Federation of Master Builders (FMB), found that 53% of respondents were worried that a ‘no deal’ outcome on 31st October would lead to imported construction […]
MHCLG Committee Urges Government To Embrace Modern Methods Of Construction
A report published by the Housing, Communities and Local Government has urged the Government to consider using Modern Methods of Construction (MMC) approaches if it stands any realistic chance of meeting the target of building 300,000 homes per year. The report speculates that MMC has the potential to enable new build property to be constructed […]
Millions Face Selling Their Homes To Fund Social Care Costs
Association of British Insurers (ABI) warns the Government that millions of pensioners face selling their homes because they have not planned for future social care costs. According to a new report conducted by ABI, nine in 10 retirees will be confronted with a monetary dilemma due to not preparing for later life when they may […]
Housing Transactions Valued Over £1 Million Plateau In 2018
The number of housing transactions taking place with properties priced over £1 million increased marginally to record high sales. By the end of 2018, property sales for the rich and affluent increased by 1% to 14,638 property transactions exceeding £1 million. This represents a significant deceleration from the 5% growth in 2017 and the overall […]
Inside The World Of Super-Prime Real Estate
London can proudly boast the most expensive house in the world. Valued at £1.2 billion, Buckingham Palace, which is technically Crown property, is not only the costliest home on the planet but, with 775 rooms, it is also one of the most spacious. India’s richest man, Mukesh Ambani, holds the title to the world’s second […]
Expert Discusses The Role Of Digital Logbooks In Property Sector
The Government have been long term vocal advocates of property log books in the UK and plan to improve the way they are perceived by consumers and the wider property market by creating a standard definition. Numerous representatives of the Ministry for Housing Communities and Local Government (MHCLG) have condemned aspects of the current property […]
Almost A Fifth Of Home Sales Exceed Marketed Asking Price
Analysis of over 1 million property transactions has found that 16% were impacted by potential gazumping. Phil Spencer’s Move iQ and proptech firm Gazeal analysed 1.08 million property sales data published by HM Land Registry and compared them with the price the houses were originally marketed in the year to January. The research found that […]
Did The Transparency Guidelines Affect You?
Just before Christmas you may all remember the rush to update your website to ensure you were compliant with the new transparency guidelines. What did you undertake to ensure you were compliant? Some rushed to implement a quotation calculator, whilst others detailed their fees and services. Since making the changes, have you noticed a difference […]
Boris Johnson Plans To Stimulate Property Market By Cutting Stamp Duty
During a recent husting in Bournemouth on Thursday evening, the potential future PM, Boris Johnson, outlined his plans for an emergency budget which would significantly cut stamp duty and reignite a stumbling property market. Boris Johnson told the group of Tory voters that the budget would overhaul the current stamp duty land tax (SDLT) thresholds […]
Improvements To Private Renting, Planning Processes And New Build Redress Schemes
James Brokenshire, the Secretary for Housing, Communities and Local Government (MHCLG) made a number of important announcements concerning the property market on Thursday (June 27th) afternoon. In addition to the various changes to the leasehold sector, Mr Brokenshire also announced improvements to private renting, planning processes and new build redress schemes. The Government are looking […]
Government Launching Research Project Into Reservation Agreements
The Government are ramping up their efforts in helping to make the home buying and selling process more secure by completing a thorough 10-month research and trial into reservation agreements. The idea of creating policies to reduce gazumping and gazundering by creating a financial bind during the pre-completion stages of the buying and selling process […]
