First-time buyers see property prices rise and deposits shoot up (PIE)
First-time buyers are now paying £209,000 to get on the housing ladder – a 21% hike over the last ten years.
UK housing market is a bubble with Help to Buy pushing up prices, warns bank strategist (PIE)
The UK housing market is a “bubble on a bubble” – and property prices, reported this morning to average over £302,000, are over-valued by around 12%.
Should agents and conveyancers improve communication? (TC)
A recent joint memorandum made by various sections of the Northern Irish property professionals has indicated that improved communication is important to ensure a smooth and swift home buying experience.
Stamp Duty – first time buyer confusion ‘shows need for a simple system’ (EAT)
A respected mortgage broker has found that there is widespread public uncertainty amongst the public about the effects of stamp duty on house sales – the latest pressure on the […]
PEXA: Australia’s lesson in e-conveyancing (LF)
PEXA, or Property Exchange Australia, is a national platform designed to vastly improve the experience of owning and transacting property in Australia.
Property raffle is subject of complaint to advertising watchdog (EAT)
One of the spate of property raffle competitions has been the subject of a complaint to the Advertising Standards Authority.
Price transparency regime for solicitors approved – December implementation (LF)
The Legal Services Board has approved new rules proposed by the Solicitors Regulation Authority requiring law firms to publish prices.
Riley secures funding boost for law firm client app (LF)
A solicitor who shot to prominence on The Apprentice has secured a further £344,000 investment in the app she has developed to help law firms communicate more effectively with clients.
SRA’s message to law firms: Stop offering banking facilities to clients (LSG)
Regulators have once again reminded law firms that they cannot act as an effective bank account for clients wanting a safe space to hold money.
Should agents and conveyancers sign up to better communications between all property professionals? (PIE)
Exchanging a chain of eight properties is like putting eight medium sized jigsaws together (i.e. the pre exchange process) in order for those eight medium sized jigsaws to make one […]
Conveyancing giant “to play big role” in parent PLC’s recovery (LF)
One of the ‘big five’ conveyancing law firms is aiming for more market share and remortgage work as part of efforts to steady its struggling parent company.
Streamlining conveyancing to stop fraud
The Law Commission have made recommendations for HM Land Registry – will the changes to conveyancing stop fraud, or just make the process slower?