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Archives / 2016
  • “2016 has been a year of two halves. A boom in the first half due to the stamp duty land tax changes regarding additional properties, and then a slowing as the EU referendum and American election results were announced, creating a sense of caution across the market.

    “With a lack of housing stock continuing to dominate, we expect 2017’s focus will remain with the Government’s … more

  • My Home Move, the UK’s leading provider of mover conveyancing services, has been named ‘Large Conveyancer of the Year’ at The Sunday Times Estate Agency of the Year Awards 2016.

    The ceremony was held at the Hilton London Metropole Hotel on Friday 2nd December 2016, and celebrated the very best from across the estate agency and conveyancing sector.

    Speaking of the win, Doug Crawford, CEO … more

  • First-time buyers avoid temperature extremes when buying a home, preferring to house hunt when it’s not too hot, not too cold but just right!

    Temperature highs prompt property sellers to list their homes for sale, with July and August seeing an average of 50+ properties for sale on agents books

    British property market unaffected by rain, as home hunters and sellers take downpours in their stride … more

  • “Housing was the first policy area mentioned by the Chancellor in his Autumn Statement, showing that housing is finally at the top of the Government’s agenda. The new money for housing infrastructure announced today will help, but we need a holistic approach to housing so we need to see the detail of the Housing White paper.

    “New funding for housing infrastructure will only be effective … more

  • Average property deposits across England and Wales increase by c. £5,000 year-on-year

    Deposit percentages decreased year-on-year by an average of 1% across all regions, with the exception of Greater London where a rise of 1% (c.£18k) has been recorded

    ‘Cheapest to most expensive’ deposit regions - North East, North West, Wales, East Midlands, West Midlands, South West, South … more

  • My Home Move has won the 'New Product / Product Improvement - Making the Most of Technology' Award at the UK Customer Experience Awards 2016 in recognition of its enhanced eWay service.

    Held on 23rd September at the Park Plaza Hotel, Westminster Bridge, London, the awards celebrated the very best in customer experience as delivered by UK companies.

    Speaking of the win, Doug Crawford said, “The … more

  • The number of homes bought by ‘single’ purchasers has fallen by c.10,000 a year for the past five years, as property prices rocket

    Home buying couples, friends and those purchasing in groups, now account for c.60% of residential transactions a year

    Buying collectively enables home buyers to afford properties worth up to £100,000 more than their single counterparts – with London, … more

  • New Aldi supermarkets add an additional £5,000 to local property values within months of a store opening, compared to the national average

    32% of UK home owners choose a home based on its close proximity to local shops and amenities

    The opening of a new Aldi supermarket can add an additional £5,000 to the value of local homes, research by My Home Move, the UK’s leading provider of … more

  • My Home Move’s conveyancing app becomes the most popular choice on the App Store for UK home movers

    Over 3,000 downloads across iOS and Android users since its launch

    eWay app estimated to facilitate one in twenty-five UK home moves by the end of 2017

    My Home Move’s recently launched eWay app becomes the most ‘popular’ conveyancing choice within Apple’s App Store. … more

  • Wives and girlfriends are the driving force behind most couples’ home moves – completing documents and conversing with conveyancers 52% of the time, compared to their partners

    Online conveyancing systems show usage spikes between noon and 1pm- highlighting that the lunchbreak has become the most popular time of day to complete the legal documents for buying or selling a property … more

  • South East and East of England named as relocation hotspots attracting 40% of home movers between 2011 – 2015

    Greater London attracts only 4% of relocation movers, the same as Yorkshire and Humberside

    North East attracts just 1% of ‘relocators’ over the five year period, becoming the least popular place to relocate to

    The South East and East of England proved the most population … more

  • 58% of over 55s have no intention of downsizing

    For those that would consider downsizing (25%) the lack of suitable properties and the costs involved in moving, including Stamp Duty, represent barriers to them moving

    46% of would-be downsizers want to move into a bungalow, while 20% are looking for a detached property

    Over half (52%) of would-be downsizers want a property that is easier to manage, … more

  • My Home Move has won the highly coveted title of ‘Best Conveyancing Provider’ at the What Mortgage Awards, for the third consecutive year.

    The Awards, which were launched in 1993, celebrate excellence across the mortgage industry. Each nominee was voted for by consumers based on the quality of their products, their customer service and their commitment to the market.

    Speaking of the win, Doug … more

  • My Home Move, the UK’s leading provider of mover conveyancing services, has won the award for Outstanding Commitment to Training at the inaugural Modern Law Conveyancing Awards 2016.

    My Home Move, which operates nationally and celebrates its 15th anniversary this year, collected the award for its in-house Learning and Development Academy, which provides all of My Home Move’s employees with … more

  • Doug Crawford, CEO of My Home Move, has won the Business Leader: Conveyancer award for the third time in four years, at the British Mortgage Awards 2016. This takes My Home Move’s awards total to 22 awards since January 2013.

    The ceremony which was held at the Park Plaza Hotel in London on the 7th July recognised the standout achievements from across the UK mortgage and associated industries in the … more

  • The number of gifted deposits to investors increased by 5% during Q1 2016 compared to Q1 2015, as the rush to beat the Stamp Duty deadline intensified 

    Investors are favouring regional hotspots to make their money go further, as investments into London and the South East decrease

    Gifted deposits used to snap-up flats and maisonettes, suggesting the pre-Stamp Duty surge was to fund Buy-to-Let … more

  • “As we know from our own research, people choose to move home for many different reasons – many of which are unlikely to be affected in the short term by the outcome of the EU Referendum. This decision has been made against the backdrop of a UK housing market that is, arguably, leaner and fitter than at any point in the last 15 to 20 years.

    “Stronger regulation on mortgages in recent … more

  • “The residential property market remains subdued following a 1.4% increase in the number of transactions between April and May. The latest figures show that sales are still struggling to equalise following the surge in transactions pre-Stamp Duty deadline, alongside a slip in consumer confidence caused by the forthcoming Referendum vote. 

    “The looming EU referendum means would-be buyers … more

  • On average, 70% of all homemovers move less than 20 miles from their old property 

    Of those who do decide to move further afield, most choose to travel no further than into the next region 

    Homemovers are happiest moving across the country (East to West and West to East) strengthening the North-South divide 

    British homemovers are a nation of ‘homebodies’, according to … more

  • My Home Move, the UK’s leading provider of mover conveyancing services, has been added to the TMA Mortgage Club Conveyancing panel to provide a conveyancing service for its members.

    The new offering, which is set to launch this month, will utilise My Home Move’s multi award-winning online case-management service, eWay.

    Intuitive design and innovative mobile-friendly technology allow eWay to … more

  • “The huge monthly fall in property transactions in April is in line with the industry’s expectations, and was driven by investors bringing forward purchase to beat the clock on the stamp duty changes. With thousands of pounds potentially at stake there was a clear incentive for landlords to complete ahead of the April 1st deadline, and the falling off of transaction volumes confirms the vast … more

  • New report launched today (Bricks and mortar in a digital world: fifteen years of the property market) reveals:

    Between 2015 and 2020, housing transactions are forecasted to rise from 1.23m to 1.49m

    Econometric analysis demonstrates the importance of first-time buyers’ access to high LTV mortgages for the health of the market

    Industry insights and predictions from leading figures over the future … more

  • 90% of property professionals believe we’ve entered a ‘new norm’, where the housing market is dominated by a lack of stock and high prices

    65% of property professionals believe leaving the EU would have a positive impact on the UK housing market, whilst 53% of home movers are undecided on which way to vote 

    61% of property professionals believe greater Government assistance … more

  • “Nation-wide house prices were 6.7% higher in March than twelve months before, racing ahead by over 10% in London, the South East and East of the country. This reflects heightened activity ahead of the new stamp duty surcharge – the market has since cooled and with the Brexit Referendum on people’s minds, we are expecting an uncertain few months. 

    “The latest rises push London& … more

  • “These official figures show the huge scale of desperation for buy-to-let investors and second-home buyers to beat the new 3% stamp duty surcharge.  The 42% monthly increase also shows just how well the industry pulled together to help push property purchases over the line, with whole chains dependent on successfully completing before the end of the month.

    “March was the busiest month we … more

  • Average deposit for a Greater London property is nearly three times, 170%, more that of the rest of the UK, at £127,000

    Average deposit has increased by nearly £30k (30%) for the capital’s home movers in the last three years

    Average UK* deposit size as a proportion of purchase prices decreased by 1.8% since 2013, but home movers’ deposits remain vast as house prices increase … more

  • My Home Move, the UK’s leading provider of mover conveyancing services, has been named as National Conveyancing Firm of the Year at the ESTAS Awards 2016.

    The ESTAS celebrate the excellent standard of customer service delivered throughout the year by those in the residential property sector. Each award is voted for by customers of the shortlisted companies.

    Speaking of the award win, Doug Crawford, … more

  •  31st March was a busy day for the industry with My Home Move completing a record number of property transactions

     This also made March a record month for My Home Move – likely to be the case across the industry

    In order to help people complete their property transactions before the 1st April stamp duty changes came into play, My Home Move – the UK’s leading provider of … more

  • 57% of Greater London home sellers choose to stay within the capital, with Croydon, Kingston-on-Thames and Watford proving the most popular areas to buy in

    Home owners in Watford, Croydon and Twickenham are the most loyal to their location – choosing to buy a new home within their old postcode area

    Chelmsford has become the relocation destination of choice – proving the only way is Essex& … more

  • Doug Crawford, CEO of My Home Move, comments on The Budget

    “With the clock ticking down and just 16 days until the new stamp duty surcharge on second homes becomes law, we finally have certainty on the details.  The new changes are a step in the right direction but arrive too late in the day for many of our customers. 

    “Some of our clients have faced a huge conundrum on whether to proceed with a purchase because they could not be certain … more

  • “In the news we are constantly being reminded of today’s record low interest rates and the competitive mortgage deals on the market, however with ballooning house prices, there is little light at the end of the tunnel for those aspiring to be a homeowner.

    “First time buyers are especially missing out in today’s market due to a dwindling supply of housing for sale and shortage of … more

  • Buy-to-Let and second-home activity increased by 46% since the additional Stamp Duty Land Tax announcement was made in November 2015

    99% of conveyancers feel there has been an increase in clients wanting to complete their conveyancing before 1st April 2016

    55% of respondents have reported an increase in enquiries from people looking to buy additional properties as a registered company

    Activity … more

  • Ground-breaking expansion for Leicester’s My Home Move

    My Home Move, the UK’s leading provider of mover conveyancing services, has been granted planning permission and started work on its new £6million conveyancing headquarters on Leicester’s Grove Park.

    The development by the company follows an award-winning and record-breaking year. In 2015 My Home Move picked up eight industry awards for its exceptional conveyancing service and helped … more

  • “The property market is off to a flying start for the year, with the number of property sales in January up a massive 9.7% compared to last year. This year-on-year increase could be accredited to a spike in purchases by additional home buyers looking to escape the rise in stamp duty, set to be introduced in April. This may continue to provide a short-term boost for a matter of weeks. However, we … more

  • Homes listed in May achieve top sales price for sellers 

    (Early) winter months offer worst return for homesellers

    Average property prices vary by £69,000 between summer and winter sales across Greater London (2015)

    North East and Wales buck the trend - showing no pattern of when to list for top prices 

    Analysing over 60,000 of its sales records from 2013 to 2015, My Home Move took … more

  • Figures released by HMLR last month have confirmed that My Home Move has maintained its position as the UK’s leading provider of mover conveyancing services.*

    Having completed nearly 50,000 mover transactions in 2015, My Home Move increased its transactional volumes by 17% (year-on-year), to retain its market leading position – more than double the number of transactions of its nearest … more

  • My Home Move, the UK’s leading provider of mover conveyancing services, has launched its latest innovation to revolutionise the customer experience of conveyancing – its new eWay service.

    For over ten years My Home Move has been pioneering the use of technology within the legal sector, to challenge the way conveyancing is traditionally delivered by High Street solicitors. From 1st February 20 … more

  • More than half (56%) of Brits make an offer on their home because they fall in love with it

    Location, price and garden are the top three reasons homeowners fall in love with their home

    Being close to friends is the least important factor when choosing the location of a property – important to only 9% of buyers

    More Brits make an offer on their home simply because they fall in love … more

  • Number of properties needing a lease extension increases by 140%

    Situation set to affect 10,000 home movers by 2020

    Top tips for sellers and first time buyers on navigating leasehold holdups

    My Home Move, the UK’s leading provider of mover conveyancing services, has seen a 140% increase in the number of properties needing leasehold extensions since 2011; costing home movers tens of thousands … more