Crucial property information to be available up front

The Law Society is set to pilot plans to make key information for homebuyers and sellers available at a much earlier stage in the conveyancing process. The TA6 is a form which contains crucial information relating to the sale of a property covering areas including compliance with building and planning applications, the supply of services, flooding, and … Continue reading Crucial property information to be available up front

Swift stamp duty action needed to prevent dream home moves collapsing

Urgent action is needed to prevent tens of thousands of property market transactions collapsing at the cliff-edge end of the stamp duty holiday. The Law Society of England and Wales is urging people to write to their MP calling for swift action to protect consumers ahead of the budget on 3 March and the stamp … Continue reading Swift stamp duty action needed to prevent dream home moves collapsing

Call for urgent action ahead of stamp duty holiday deadline

Solicitors’ leaders are calling for urgent action to be taken to ease growing pressure in the residential property market ahead of the stamp duty land tax (SDLT) holiday deadline on 31 March 2021. The Law Society is among key players in the home moving process who have written to the government asking for changes to … Continue reading Call for urgent action ahead of stamp duty holiday deadline

New guidance for conveyancers underpins efforts to kickstart housing market

The Law Society of England and Wales unveiled a guidance for conveyancers to support government plans to re-open the housing market, enabling people to move home safely. The collaborative sector guide sets out how the legal aspects of home moving can take place while complying with social distancing measures and public health guidance. The impact … Continue reading New guidance for conveyancers underpins efforts to kickstart housing market

Britain’s legal sector set for significant slowdown in event of no-deal Brexit

Britain – Europe’s biggest international provider of legal services and number two in the world – could take a £3.5bn hit from a no deal Brexit, solicitors' leaders warned yesterday. “According to our estimates, the volume of work in legal services would be down £3.5bn* – nearly 10% lower than under an orderly Brexit,” said … Continue reading Britain’s legal sector set for significant slowdown in event of no-deal Brexit

New solicitors’ protocol for property transactions

The 2019 edition of the Law Society Conveyancing Protocol is out, with details on best practice in residential conveyancing transactions of freehold and leasehold property. “The protocol is a tool which helps conveyancing solicitors to achieve most effectively the transfer of residential property. It aims to provide consistency across transactions and improve efficiency,” said Simon … Continue reading New solicitors’ protocol for property transactions

New leasehold information rules a big victory for consumers

The endorsement by ministers of proposals to give consumers significantly more information early in the home buying process was today given a partial welcome by the Law Society of England and Wales. “It is encouraging to see government has recognised just how much easier it will be for consumers to make informed decisions if full … Continue reading New leasehold information rules a big victory for consumers