Conveyancing cases have dropped to their lowest number for two years, according to latest figures.
Search Acumen’s Q2 2019 Conveyancing Market Tracker showed that conveyancing volumes have dropped below 230,000 cases to 228,994, a decrease of 10% compared to Q1 2019.
The fall is also a 20% decrease from Q2 2016, before the EU referendum.
Search Acumen director Andy Sommerville said the uncertainty of Brexit has begun to affect the conveyancing sector.
“Smaller conveyancing firms who were already struggling to compete are now facing tougher conditions, while those who have been able to gain a larger foothold are now taking a bigger slice of activity than ever before.
“But it’s not all doom and gloom. Looking at the figures more closely, we can see that average monthly transactions are still healthier than the pre-referendum. Conveyancing firms that have established themselves in the strong middle are doing more with less and continuing to thrive in the midst of a challenging market.”
Latest News
-
FCA receives nearly 5,000 reports of scammers impersonating regulator in H1
-
UK banks to invest over £1.8bn in AI by 2030
-
56,000 mortgages completed under Govt’s guarantee scheme since 2021
-
UK bank branch numbers decline rapidly in five years, figures show
-
Third of advisers targeting growth from existing clients
-
Savings providers and product choices reach record highs
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories