Help to Buy ‘encouraging’ first-time buyers to purchase more expensive property (PIE)
Analysis by conveyancing comparison website Reallymoving has found that first-time buyers using Help to Buy are now paying 12% more than those buying secondhand homes.
Law firms failing to disclose conveyancing fees despite transparency rules (PIE)
Home buyers are still being misled over conveyancing charges despite transparency rules on fees being introduced in December 2018.
Are law firms with a high requisition rate ready to learn lessons from the exercise?
M Land Registry has fulfilled its promise to reveal how good are individual conveyancing firms at applying for changes to the register – by publishing three massive spreadsheets with 15-column […]
Newspaper accuses agents of misleading sellers into paying higher commission (PIE)
On Saturday’s front page of The Times, the story was run under the headline “Estate agents dupe sellers”.
Conveyancers “underquoting to win business”, SRA suggests (LF)
Some conveyancing law firms are providing unrealistic initial quotes in order to win business and most cause unnecessary enquiries from the Land Registry, Solicitors Regulation Authority research (SRA) has suggested.
Conveyancers ‘not explaining leaseholds’, SRA claims (LSG)
An alarming proportion of conveyancing firms are failing to explain the difference between freehold and leasehold ownership, research by the Solicitors Regulation Authority has found.
Purplebricks stock downgraded 80% by investment bank (EAT)
Analysts at Berenberg Bank have sharply reduced their price target for Purplebricks by over 80 per cent from 470p to 80p, accusing the company of having “flown too close to […]
Blockchain trial “has potential to transform property market” (LF)
The use of blockchain software in the end-to-end conveyancing process came a step closer when a worldwide trial involving international law firms and banks found the time taken to transact […]
New platform aims to cut property transaction time by months
Instant Property Network (IPN), a property transaction network, has completed a global trial of a new distributed ledger-based system that has the potential to speed up property transactions.
First UK Amazon Alexa Property Valuation Tool Is Launched (TC)
Homeowners across the UK will be able to ask their virtual assistant, Alexa, what their property is worth in the current market conditions.
Business Gateway developer pack
Information for software developers and conveyancers who plan to develop the client side of HM Land Registry’s Business Gateway interface.
Agents have just 12 months to head off referral fees ban – warning (PIE)
ARLA Propertymark warns they have just 12 months to prove they can be transparent on referral fees or face yet another ban.