What does 2016 hold for conveyancing?

The Conveyancing Association has outlined what it sees as the major challenges for the market in 2016.

The Association believes 2016 could be a particularly challenging year for the wider property market and there will be a number of obstacles to overcome for the conveyancing sector. These include the likelihood of a very busy quarter one period as buy-to-let landlords/second home purchasers attempt to beat the 3% rise in stamp duty charge, announced last year by the Chancellor and due to come into effect post-31st March.

Regulatory changes may also mean a further opening up of the conveyancing marketplace allowing brands to look at the provision of conveyancing services.

The demise of Veyo – the Law Society joint venture, intended to be a national conveyancing portal – last year means there is still a space for such a system, and this may well emerge during 2016.