Buy-to-let lending tumbles by almost half since introduction of Stamp Duty surcharge (PIE)
Buy-to-let lending is down 47% on levels before the introduction of the 3% Stamp Duty surcharge levied on the purchase of additional properties.
Digital escrow service removes need for lawyer to hold client cash (LSG)
A digital vault to hold funds in the homebuying process could remove the need for conveyancers to handle large sums if an escrow service which enabled the UK’s first fully […]
LSB censures Law Society – but content with regulatory independence (LSG)
The oversight regulator has issued its first public censure after finding that the Law Society broke its internal governance rules between 2014 and 2017.
VAT on electronic property searches: Interim guidance to firms
Law Society’s position.
Bank of Mum and Dad remains open and contributes towards 25% of purchases (EAT)
The Bank of Mum and Dad will provide funding towards around a quarter of property purchases this year, according to research.
No more keeping the removal van waiting! UK’s first digital mortgage transfer completes (PIE)
Payments provider Shieldpay has helped create the first fully digitised facility for funds to be transferred between a buyer and seller during the exchange and completion process.
A comprehensive register could speed up conveyancing (LSG)
HM Land Registry has set out its aim to have all land in England and Wales which is publicly owned land available for housing to be registered by 2030.
Buyers are overpaying the stamp duty surcharge, says national agency (EAT)
National estate agency Jackson-Stops claims that the 3% stamp duty surcharge on additional homes is still confusing buyers, despite being in operation for over two years.
Buyers settling for homes they like less as a third suffer fall-throughs on their dream purchase (PIE)
A third of buyers have seen property purchases fall through, with most blaming their mortgage lender for the collapse, research claims.
Transactions plummet right across the UK, says latest Land Registry data (PIE)
Sales fell steeply at the start of this year as transactions slumped across the UK in January, Land Registry data shows. The data builds on separate new HMRC figures, reported […]
Challenges ahead for Conveyancers in 2018 (TC)
With the dust having barely settled on the recent Mishcon de Reya Appeal judgment, Today’s Conveyancer was eager to attend the Society for Licensed Conveyancers & Bold Legal Group Roadshow, […]
What will the digital mortgage mean for property transactions? (LF)
Over the past 20 years, nearly all aspects of our financial lives have migrated online, from tax returns to banking. Yet arguably the most important and protracted financial process in […]