Bulk conveyancing firm myhomemove has expressed optimism about the housing market this year, saying that Stamp Duty Land Tax reforms announced last month will give it a boost.
As already reported in Eye, the firm was astonished by the sheer amount of business being done by agents in terms of sales agreed between Christmas and New Year.
Myhomemove, which has close relationships with many estate agents, said that last year it completed more conveyancing cases – 41,000 – than any other UK law firm.
In the 12 months to November it completed more cases than the next two largest firms combined.
By October 2014, myhomemove had already exceeded its transaction volumes for the whole of 2013.
CEO Doug Crawford 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, this year should present an ideal opportunity for many home buyers.
“Competitive lending, the easing of the effect of MMR, and low interest rates, as announced by several mortgage lenders, should all 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.”
PROPERTYINDUSTRYEYE - 16/01/2014