2023 Logbook Pilot Challenges Assumptions
During the summer of 2023, conveyancing solicitors in a working group questioned the belief that introducing a property logbook would streamline the conveyancing aspect of purchasing a home. In response, the Home Buying & Selling Group’s (HBSG) Logbook Working Group decided to initiate a new pilot to address the concerns raised by lawyers and conveyancers […]
Inflation Dips as Mortgage Market Recovers
The latest figures from the Office for National Statistics (ONS) indicate that the inflation rate for March was 3.2%, a slight decrease from February’s 3.4%. This update comes after the Bank of England’s (BoE) decision to maintain the interest rate at 5.25%. With inflation showing a downward trend, there is less pressure on the BoE […]
2024 BASPI Update: Enhancing Property Information
Trade and representative organisations from the conveyancing, legal, surveying, estate agency, and property management industries, including the Conveyancing Association, unveiled the latest version of the BASPI—Buyer’s and Seller’s Property Information form on March 28th, 2024. The BASPI is crafted by the upfront information working group within the Home Buyers and Sellers Group (HBSG) and acts […]
Revised TA6 Form Boosts Clarity
The Law Society of England and Wales has introduced a revised TA6 Property Information Form, aligning with the National Trading Standards’ guidelines on essential property information. This updated form includes details recommended by the National Trading Standards Estate and Letting Agency Team (NTSELAT) for property listings, urging sellers to involve their solicitors early in the […]
UK Inquiry into Conveyancers and Sales Practices
Parliamentarians are set to scrutinise the roles of conveyancers, the provision of upfront information, and referral fees in a comprehensive examination of the property transaction process. The House of Commons’ Levelling Up, Housing, and Communities Committee has called for submissions, seeking insights into various facets of property buying and selling mechanics, information availability and delivery, […]
Understanding the Land Registration Act 1925
The Land Registration Act 1925 is not currently law in the UK, having been largely repealed and replaced by the Land Registration Act 2002. However, the provisions of the Land Registration Act 1925 remain a cornerstone of property law in the United Kingdom, providing the groundwork for subsequent legal advancements in land registration and property […]
Complete Guide to Buying a House
Buying a house is a significant milestone in anyone’s life, filled with excitement, decisions, and, inevitably, paperwork. In the UK, the journey from starting your search to receiving the keys to your new home is complex and requires careful planning and understanding. The process itself begins with financial preparation, where understanding your budget and securing […]
UK Conveyancing Market: Lawble Overview
With its myriad of legal, economic, and technological facets, the UK conveyancing sector presents a complex landscape that reflects broader trends in property dynamics and economic conditions. It brings together a broad range of stakeholders, including solicitors and conveyancers, as well as mortgage lenders, estate agents, and government bodies. Regulatory changes, economic fluctuations, and technological […]