Latest News

Housing market continues to thrive following lockdown

29 July 2020

Propertymark's June Housing Market Report shows that one in 10 properties (10 per cent) sold for more than the original asking price as buyers compete for the successful bid on their dream home, which is the highest recorded since February 2016 where 11 per cent sold for more. Read More...

Guidance released for re-opening of housing market in Wales

28 July 2020

Today, 28 July, the Welsh Government has released guidance for the property sector and has updated its amendments to the Health Protection (Coronavirus Restrictions) (Wales) Regulations in light of the re-opening of the housing market from 27 July. Read More...

HM Land Registry to accept electronic signatures

27 July 2020

Today, Monday 27 July, the transfers of ownership of property, leases, mortgages, and other property dealings can now be signed electronically, making it simpler and faster for people to move home. Read More...

Welsh Housing market to re-open fully from Monday 27 July 2020

24 July 2020

Today, 24 July, the Welsh Government confirmed that the housing market will fully reopen on Monday 27 July 2020. Read More...

Land Registry makes changes to help keep the market moving

Wednesday 06 May 2020

With the aim of keeping the property market healthy and efficient, The Land Registry is enabling searches and urgent applications to proceed during lockdown, coupled with Propertymark’s call to Governments to back our Property Sector Support Package both organisations have a focus to #keepthemarketmoving.

More than half the nation’s wealth is in properties, over £7 trillion in England and Wales, and according to The Land Registry, they estimate £1-1.5 trillion of debt is currently secured on property assets. Estate agents play a vital role in the property market, mitigating any economic issues on the horizon.

The new normal

As many organisations migrated their whole business to a ‘new normal’ of home working and overcoming the difficulties, The Land Registry has had their fair share but worked to adjust and build its capacity, ensuring urgent transactions were still accommodated. Non-urgent transactions are now being processed with their capacity to be able to deal with issues set to be ramped up. 

Quote mark

From what we see – judging by comments from our customers, incoming applications, and the number of expedite requests received – many people still want to and, most importantly, still need to deal with their property. That may be to obtain vital finance to support themselves or their businesses. 

Mike Harlow, HM Land Registry

Communicating

As with all businesses, open communications with customers has been paramount. The Land Registry has achieved this by setting up a cross-section of stakeholders in a discussion forum. It has been used to test ideas for practicality with further details being shared in due course.

Reviewing processes

The Land Registry is also looking to pivot from paper to digital systems, with working practices undergoing change to make signing and identity checks easier to complete. This is part of not just as a short-term sprint, but trying to be the most efficient and effective they can be to spur the recovery on and continue to work openly and rapidly with the industry to ensure they can make most of the opportunities at this stage.

KEEP THE MARKET MOVING

Propertymark has called for Governments to back a Property Sector Support Package and encourages agents to add their voice to the campaign. Our webpage has full details of our briefing to Government, how to write to your MPs, MSPs or AMs, and a social media pack to help agents share details of our campaign to #keepthemarketmoving.

 

Property Sector Support Package