Maidenhead Property Articles

What is conveyancing?

Conveyancing is the legal process whereby the ownership of a property is transferred from the seller to the buyer. In simple terms, it is the legal process of buying and selling property.

Who does the conveyancing?

In general, the conveyancing work is carried out by a solicitor or a licensed conveyancer. One lawyer cannot act for both parties, as this would cause a conflict of interest so therefore both the buyer and seller will have their own representation.

Nowadays, with the increased popularity of the Internet, the e-conveyancing is on offer as a less expensive alternative too.

The recent data from Nationwide shows that there are clear signs of a slow down in the housing market. Although the house prices have gone up 0.6% in August, Nationwide says that the annual house price inflation has fallen down to 9.6% from 9.9%.

These finding have been backed up by separate sets of data that has recently been published by Halifax and by the Land Registry as well.
The recent actions that the Bank of England have taken seem to be the key factor in this.

According to the Land Registry, the house price inflation in England and Wales slowed down in July. The recent survey it carried out recently shows that the increase was only 0.1% in July. This is claimed to be the lowest during the previous 13 months. As a result the house price inflation has dropped down to 8.8% from 9.1%.
London and the South East seem to be still leading the price increases; keeping the rate divergence between London and the rest of the country.
Some experts argue that the recent 5 increases in interest rates by the Bank of England is paying dividends in slowing the house price increases down.