A rise in revenues and average selling prices has been reported in recent research, which has been attributed to increased demand since the EU referendum result.
The Housebuilder Persimmon has documented a rise in 2016 revenues to £3.4billion, a rise of 8%, with volumes of legal completion growing by 599 new homes to 15,171. The average selling price for the Group increased to £206,700, a growth of 4%.
Along with customer demand, the firm stated that sales reservations during the autumn season also remained strong.
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We have joined up with the Conveyancing Foundation to offer all of our clients the opportunity to enter into the Conveyancing Foundation Charity Free Legal Fee Competition, which is designed to generate revenue for our favourite charities and to offer you the opportunity to experience a free conveyancing service. The Free Legal Fee Competition has helped to raise hundreds of thousands of pounds for charity over recent years and your contribution will be gratefully received.
Please note that to enter this competition a charitable donation of £10.00 must be made in order for your details to be entered into the monthly draw to try to win the Free Legal Fee.
The Conveyancing Foundation nominates worthwhile charities and causes over the course of the year. Please access the website at www.conveyancingfoundation.com for additional information in relation to these incredible charities. John M Lewis & Co Ltd’s chosen charity for 2017 is The Air Ambulance Service.
The Air Ambulance Service fly two regional air ambulances, across the counties of Warwickshire, Northamptonshire, Derbyshire, Leicestershire & Rutland. These two helicopters provide a rapid response to trauma and medical emergencies over an area of 3850 square miles covering many of the UK’s major road networks including the M1, M6, M69 and M42. With an average response of just 13 minutes, between them they attend on average 6 missions a day.
You may well have seen them in the skies above you. They have saved thousands of lives in our community. They need your help to save thousands more. The Air Ambulance Service do not receive any government funding.
Please ask the person dealing with your matter for further information regarding this.
The government’s Help to Buy Mortgage Guarantee Scheme will cease from 31st December 2016. The scheme was designed to aid those with very little deposit amounts, to climb the housing ladder.
In a letter to Bank of England governor Mark Carney, the Chancellor, Philip Hammond, said the mortgage market had become less reliant on the Help to Buy mortgage guarantee, with over 30 lenders now offering mortgages worth 90-95% of a property’s value independently of the scheme.
The Chancellor of the Exchequer, Philip Hammond, said: “Our Help to Buy schemes are helping hundreds of thousands of people, especially first time buyers, achieve home ownership. We are continuing the popular Equity Loan and ISA schemes to ensure people can access support when buying or saving for a property. We are determined to help make home ownership a reality for hard working people.”
Housing and Planning Minister, Gavin Barwell, added: “As these figures show, this Government is supporting thousands of first time buyers, helping them to get their first step onto the housing ladder.
“I am delighted to see that the Help to Buy: Equity Loan scheme, in particular, continues to be hugely successful and has now helped a landmark 100,000 households to own their own home.”
The Help to Buy ISA and the Equity Loan Scheme will remain in place.
According to the latest National Association of Estate Agents (NAEA) Housing Market report, figures show the level of sales to first time buyers was the highest since records began 16 years ago in 2000.
All of home sales in October, 32% were to first time buyers, a 9% growth from September. A high proportion of sales at a similarly high level for first time buyers, was also witnessed last October where they reached 31%.
Commenting on the figures was Mark Hayward. The Managing Director for the NAEA expressed that the findings indicated a shift away from referendum related uncertainty, and a need for the Government to address supply levels: “This month’s report paints a positive picture for the UK housing market. Our findings over the last few months indicated mild uncertainty immediately following Brexit – and last month we even saw sales to first time buyers fall. After shrugging off the uncertainty, we have seen an increase in supply and a rise in the number of sales to first time buyers this month – proof the market is beginning to bounce back.
For the full article by Today’s Conveyancer, please click the following link goo.gl/uWt5oJ and for your free no obligation quotation, please call us on 01332 292204
We are delighted to announce that we have been awarded ‘Best Conveyance Firm 2016′ for the East Midlands and ‘Most Innovative Law Firm of the Year’ by Acquisition International Magazine.
United Kingdom, 2016 – Acquisition International Magazine have announced the winners of the 2016 Legal Awards.
The legal environment is a fast paced and exciting market, with increased competition and technological advances providing a raft of challenges for many legal practices over the last twelve months.
Political and economic issues have also affected the markets globally, and lawyers are increasingly having to adapt to ever evolving legislation and regulation. In addition, as the market becomes increasingly global the rise in cross-border issues means legal professionals are having to constantly update their skills.
As a result of these challenges the 2016 Legal Awards, which are now in their fifth year, acts as the ultimate guide to the very best that the legal industry has to offer.
Discussing the awards, Coordinator Nathan Angell commented: “This awards programme highlights the dedication and hard work of the professionals from across the legal landscape whose work has helped support and, ultimately, facilitate the continued success of their clients. I am truly honoured to be able to turn the spotlight on their valuable work and I would like to wish them the best of fortunes for the future.”
Acquisition International prides itself on the validity of its awards and winners. The awards are given solely on merit and are awarded to commend those most deserving for their ingenuity and hard work, distinguishing them from their competitors and proving them worthy of recognition.
According to research from Home.co.uk, the amount of people looking to sell their homes is on the increase and house prices continue to rise due to increased market optimism.
The East of England seems to be the UK’s best performing region where prices continue to rise at 11.5% over the last year.
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We are pleased to announce that Miss Wendy Kinsey has joined John M Lewis & Co as a Conveyancer from 3rd October 2016. Wendy comes to us with a wealth of experience in residential property sales and purchases and she has Mandy Stockham, Jo Lousvet and Linda Buckley supporting her.
Wendy takes over from our locum Mandip Sidhu with immediate effect and will also take the lead with those clients that were assisted by Mike Bradley.
Wendy will be available on 01332 292204 and email: firstname.lastname@example.org
We are delighted to announce that we have won the award for LFS Conveyancing Firm of the Year 2016 for the East Midlands.
Lisa Wills and Sue Cunningham-Sawyer attended the ceremony on Wednesday 14th September at the Vox Centre, NEC Birmingham.
This is what the judges had to say about us:
“This firm demonstrated an excellent public facing service with a good website, a positive and effective response to an initial enquiry and a well organised and comprehensive client care pack. Coupled with a can do attitude, flexible working arrangements where necessary and an understanding of Estate Agents requirements this showed a very good all round performance.”