New figures show number of rental properties in the UK is falling rapidly.

The number of private rental properties in  the UK is falling at an alarming rate, particularly in Greater London, according to new figures from Home.co.uk. The number of available homes to rent in Greater London that have been on the market for 20 weeks or less fell dramatically by 24% over the last year, from […]

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Labour pledges £20m to help fund new renters’ unions and give tenants more power

Labour has pledged to invest £20m into setting up renters’ unions, intending to support to millions of private tenants across England. In a recent paper, the Institute for Public Policy Research recommended the creation of a nationwide renters’ union and said England could learn lesson from Germany in terms of tenancy security, controls on cost, and […]

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Property law reform will help homeowners escape leasehold trap.

It will soon be possible for leasehold property owners to buy the freehold of their property more easily under plans for an overhaul of a stressful and costly system currently in place. At present as a leaseholder, you must wait two years before buying the freehold to your property and can extend the lease only […]

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Homebuyers slowly returning to London’s property market, despite Brexit uncertainty

Despite Britain’s looming and increasingly uncertain departure from the EU, homebuyers are gradually returning to London’s property market due to falling property prices. Rightmove have reported an upturn in buyer activity which it says has indicated market recovery as  average asking prices were half a percent lower — or £3,360 — than a year ago, at […]

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Changes to the Regulatory Arrangements and Code of Conduct – How to comply with the new regulations resulting from the CMA recommendations

In December 2016, the Competition and Markets Authority (CMA) Published its Legal Services Market Study. It highlighted problems of transparency of price and quality and that consumers did not have enough information before employing a lawyer. Recommendations were made by the CMA, mainly to “deliver a step change in standards of transparency to help consumers (i) understand […]

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Conveyancing firms need to be open with customers about referral arrangements

The Legal Services Board has given approval to the Council for Licensed Conveyancers to amend its rules and require licensed firms to improve information about costs and whether a referral fee has been paid to an agent. The aim of this is to enable consumers to make informed decisions about their choice of legal service […]

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Sadiq Khan Announces Affordable Housing Partnership

The Mayor of London has announced a new housing partnership to build 5,000 new houses in the London District. This follows the money given to the city of London to build more affordable housing. Khan secured £1.67 billion from Government for London in the Spring Statement meaning he is able to build 5,000 of the […]

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Price growth slows in England and Wales as sales fall – Latest figures

Property prices in England and Wales increased by just 0.8% during the last year, from June 2017 to June 2018. Sales fell by 3.2% to their lowest level since the stamp duty reform in December 2014. Average prices in June (excluding new build) reached £287,558 whilst the price of a new home is now close […]

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BANNING GAZUMPING IS TOP HOUSING POLICY CHANGE WANTED SAYS SURVEY

The UK Government are forever bringing in new measures and policies around the housing sector but according to a survey, Britains number one wish is that gazumping is banned. When a sale is agreed on a house and then someone else comes along and offers more, is called gazumping and is hated by 55% of […]

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How to spot the red flags of money laundering

When it comes to money laundering and organised crime, there are some ‘Red Flag Indicators’ that conveyancers should be aware of. This advice could be particularly important following the announcement that conveyancers could be liable for identity fraud under new proposals put forward by the Law Commission. In particular, the CLC states that “several red flag indicators together, without reasonable […]

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