Redress for purchasers of new build homes and the New Homes Ombudsman
This consultation seeks views on a New Homes Ombudsman and the detail of proposed legislation to provide better redress for purchasers of new build homes.
Leasehold axed for all new houses in move to place fairness at heart of housing market
All new-build houses will be sold as freehold in bold move to tackle unfair leasehold practices.
TV’s Phil Spencer endorses binding reservation system saying it overcomes ‘legal blind spot’ (PIE)
A proptech company that offers binding reservation agreements has been endorsed by Phil Spencer. Gazeal, which is led by property lawyer Duncan Samuel, will now be available for users of […]
Phil Spencer endorses reservation agreements and digital legal packs (EAT)
Phil Spencer and his advice website IQ have endorsed the concept of legally binding reservation agreements and digital legal packs through a partnership with Proptech firm Gazeal.
MP kicks off leasehold revolution in parliament with ground rents reform bill
Eddie Hughes yesterday introduced a parliamentary bill which will see ground rents capped and over 100,000 trapped leaseholders enabled to sell their homes.
House raffle promotion branded ‘unfair’ after series of problems (EAT)
A company which promotes property raffles have been told that it cannot repeat certain elements of its advertisements on Facebook and on its website.
Proptech Expert Discusses Role of Technology In Conveyancing Process (TC)
Legal technology is still in its infancy and law firms are only beginning to scratch the surface in their understanding of how innovative tech can help the conveyancing process.
Transactions plummet – agents’ fingers crossed for rest of 2019 (EAT)
The number of residential property transactions in May was a thumping 11.3 per cent lower than the same month last year, raising concerns amongst agents for the market for the […]
Digital conveyancing used to market high-value commercial property (LF)
The march of blockchain-backed property transactions into territory occupied by traditional conveyancers accelerated last week when a high-value commercial building went on the market with online execution offered by a […]
Postal order payments to continue despite use in title fraud (LSG)
H M Land Registry has said that it has no plans to stop accepting postal orders as payment for title transfer fees.
Over 150 agents link with ‘Modern Method’ online auction firm (EAT)
An online auction service which only came into existence in September last year claims to have 150 partner estate agents already, with a target of 300 by the end of […]
Homes that have sold in last year took almost 17 weeks from start to completion (PIE)
On average, quick sale business Property Solvers found that the average home took 16.74 weeks to sell – ie, from initial listing on Rightmove to ‘sold’ status at the Land […]