‘Inflection point’ looms for top conveyancers (LSG)
Larger players increasingly dominating conveyancing work may need to make ‘wholesale’ business changes to continue growing.
Latest mortgage fraud case ‘strikes at the heart of conveyancing (TN)
By changing her name and then applying for a passport, Sarah Broadbelt sold a property she didn’t own for £75,000 without anyone in the chain noticing.
The delays that make house-buying painfully slow (EAT)
A PropTech firm has calculated the different delays that lead to transactions taking an average 120 days (and often much longer) from SSTC to completion.
Fall of over 100,000 transactions leads to drop in number of conveyancing firms (PIE)
There were over 100,000 fewer conveyancing transactions in the first nine months of this year compared with the same period last year.
Average transaction time stretches another 15 working days as it takes longer to complete (PIE)
It is taking 15 working days longer than a year ago to get a transaction through from acceptance of an offer to completion.
Leading Conveyancing Firms Exposed To Fraud And Cyber Crime (TC)
The majority of 200 leading law firms are completely unprepared and susceptible to cyber attacks, according to a 2019 report on fraud and cyber crime vulnerabilities in the legal sector.
“Mixed messages” from consumers on online conveyancing (LF)
Only 19% of home buyers use online conveyancers, despite the dominance of online searches as a way of finding property, a report has found.
Lowest number of new instructions for over ten years as ‘thousands’ of sellers postpone plans (PIE)
The number of new sellers bringing their homes to the market is down 14.9% compared with this time a year, Rightmove reports this morning.
New surveys from 2020 in bid to speed house moving process (EAT)
A new Home Survey Standard is being launched today in a bid to improve and speed up the house moving process.
Buyers who paid £100k deposit sue vendors after withdrawing offer (EAT)
The prospective buyers of a home in Oxfordshire who paid a deposit of £108,000 before withdrawing are suing the sellers in a dispute over a nearby development.
Tory trailblazers get Tower Hamlets to come out for commonhold in London first
Campaigners calling for commonhold homeownership received a boost last night as Tower Hamlets voted against landlord-controlled leaseholds.
Landmark Case Clarifies CGT Only Applied After Property Completion (TC)
The England and Wales Court of Appeal has upheld an appeal into a landmark case involving when a home owner is entitled to principal private residence relief.