Conveyancing is now set to move into the 21st century thanks to the Law Society’s new conveyancing portal which will be launched in spring 2015
This move is likely to hit smaller local conveyancing solicitor firms the hardest, and could force some of them out of business.
Homebuyers can expect far tougher questioning from lenders on mortgage applications made after 26 April 2014 when the Mortgage Market Review rules come into force
Local searches are a significant cost in buying a property – but should buyers really have to pay for information that is in the public domain?
Will mortgages be harder to get, or more expensive, now that the lending for residential loans is to be removed from the government-backed Funding for Lending scheme? That is the question which now faces prospective house-buyers. Funding for Lending (FLS) was introduced last year, providing cheap central bank funding to banks and building societies to […]
Stamp Duty Land Tax (SDLT) – the tax payable when you buy a property – has now come under attack from a substantial group of Conservative MPs. The Free Enterprise Group has called for Stamp Duty to be scrapped on all homes selling for less than £500,000. The Group says: “Stamp duty is a […]
There have been many calls for some statutory regulation of the companies and individuals who own and manage blocks of flats.
It looks like good news for all homebuyers as the government announces that the Help to Buy scheme is being extended next week – three months earlier than originally planned. But is it good news?
Homeowners looking to reduce their electricity bills may be tempted by offers of free solar panels. But before signing up to any such offer, property owners should think twice.
If you want to buy a new home, the first part of the Help to Buy scheme announced in the budget could help, even if you aren’t a first-time buyer. The new arrangements will help all would-be buyers who do not have a large deposit available, and will appeal to people who already own […]
Part of the Help to Buy package announced by Chancellor George Osborne in the recent budget is a mortgage guarantee scheme. This is intended to help would-be buyers who can only manage to raise a small deposit and have been unable to obtain a high-enough mortgage to buy a home. This new scheme should […]
Squatting is not something that usually affects Conveyancing Solicitors, except in the context of title being claimed by adverse possession. However, recently reports of squatters taking possession of a house which was up for sale give some cause for concern.
Will the housing market for buy-to-let property be affected by an impending change in Local Housing Allowance (LHA)? The demand for rented properties shows no signs of slowing down, as increasing numbers elect to rent rather than buy.
Local councils across Yorkshire are owed an estimated £5 million from developers, but it’s the current property owners who may have to pay up Conveyancing Solicitors acting for homebuyers are tasked to uncover any agreements or covenants which may affect the home they wish to purchase. These should show up in a local search. The […]
Now the practice of last minute vendor withdrawal has a name – Gazanging – will agents be reviewing their terms?
What impact will the ban on referral fees for Personal Injury have for Conveyancing Solicitors? Our Legal Manager Tony considers the evidence.
What impact will the anticipated shrink in the market mean for the average Conveyancing Quote’s cost? We consider the impact of a recent report published by the National Federation of House Builders.
September 2011 sees the introduction of a new mortgage verification scheme designed to help combat fraud; but is this going to result in a slower, more complex Conveyancing process?
Will we soon be seeing banks or high street stores providing Conveyancing direct to the consumer?
From October 2011 law firms will be able to switch to alternative business structures (ABS), whereby a firm can be owned in part or in total by non-lawyers. What effect will this having on the Conveyancing market?