Nearly 50% of solicitors and conveyancers predict a busier market in 2016
In a survey conducted by Searches UK in December 2015, solicitors and conveyancers predicted a busier market in 2016 with even more transactions expected to complete.
Due, in part, to the imminent increase in Stamp Duty for buy-to-let properties set for April 2016, 46% of solicitors and conveyancers believed the market would become busier with landlords rushing property transactions through to avoid high taxation charges.
A number of government incentives which have been initiated to tackle the country’s housing crises are also expected to play a role in increased activity.
Meanwhile, mortgage approvals for house purchases continue to rise and with interest rates speculated to remain low for the foreseeable future, feedback from the survey suggests that this is an ideal time for first time buyers to enter the market, particularly with assistance from the Help to Buy Scheme.
Lisa Summerton, Sales & Marketing Director, at Searches UK said:
“It is very encouraging to see so many solicitors and conveyancers predicting a busier market in 2016, and it is now more important than ever to choose a reliable and dedicated search provider who is able to competently withstand the amount of work being processed through an innovative and easy to use online ordering platform. Speed and efficiency is always appreciated in our industry but we go one step further by ensuring risk is reduced at the same time; an area we believe should be top of every search provider’s offering.”
Searches UK can provide standard bundles and packs to clients processing their orders through them, however if a more specialist variety of searches is required this can also be arranged simply by contacting one of their helpful team on 0800 043 1815.
With a comprehensive selection of search reports to choose from, solicitors and conveyancers can select local authority, drainage and water, environmental, flood, mining and planning searches for their clients.
For more information about any of the products and services from Searches UK visit their website and follow them on Facebook, Twitter, LinkedIn or Google+. Alternatively email them at [email protected] to speak to one of their dedicated team today.
This article was submitted to be published by Searches UK as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.