Election won’t kill off market

Ryan Fowler

January 15, 2015

He pointed to Stamp Duty reforms, competitive lending and the easing effect of the Mortgage Market Review as being key to the markets future success.

He said: “Many of our corporate partners are predicting a flat market in 2015, largely due to the uncertainty that the general election in May will bring.

“As the UK’s leading provider of mover conveyancing services, we prefer to see the glass as half full rather than half empty and with the introduction of the Stamp Duty Land Tax reforms in the latter part of 2014, 2015 should present an ideal opportunity for many homebuyers.

“Competitive lending, the easing of the effect of MMR and low interest rates, as announced by several mortgage lenders, should incentivise investment in property over the coming year.

“The market continues to evolve and we are excited about the range of opportunities which will drive our plans for significant growth in 2015 and beyond.”

Crawford made his comments on the back of new figures from Land Registry that revealed that myhomemove completed more mover conveyancing cases than any other conveyancer in the 12 months to November 2014.

By October 2014 myhomemove had already exceeded its overall transaction volumes for the whole of 2013.

Crawford said: “myhomemove has undergone many changes in the last year. We are a forward thinking and innovative company that pride ourselves on our ability to challenge the status quo. 2014 was a year of transition for myhomemove, with significant investment in the future of the company.

“Last year saw the total number of transfer applications increase by 28%, reflecting the impact of government incentive schemes like Help-to-Buy and increasing investment in New Build properties.

“As a result, myhomemove has increased its capacity to meet growing demand for our service.”

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