Tracey Davies
Tracey launched the Convey News website in 2008 to provide consumers with a guide to the intricacies of Conveyancing and the problems and pitfalls that can make the moving / conveyancing process a stressful experience. The website includes up to date information and news of what is happening today’s property market and useful tips and advice on the house moving process.
Over the last 10 years Tracey has worked in both Conveyancing and management roles in Solicitors and Licensed Conveyancing practises, ranging from High Street practices to specialist Conveyancing businesses and has also had the pleasure of working as an Estate Agent.
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News
What is a property worth?
What is a property worth? As a buyer, you have the power to decide what a property is worth. Ultimately, a house or flat is worth what you and your mortgage lender are prepared to pay for it. That said, there is really no point in putting a ridiculously low offer in on a [...]
Understanding conveyancing quotes
Understanding conveyancing quotes We routinely advise people to get at least three quotes from conveyancers before instructing anyone, but when they arrive they aren’t the easiest things to understand. Take a look at this brief guide for a little help. Be dubious about firms that quote a flat fee rather than provide a breakdown, [...]
How can you help your conveyancer?
How can you help your conveyancer? When giving conveyancing advice we stress how important it is to use a conveyancer when buying or selling a house. Only if you really know what you are doing should you consider DIY conveyancing. But just because you get someone else to do it for you, it doesn’t [...]
Cheap conveyancing – Is it worth it?
Cheap conveyancing – Is it worth it? We always recommend getting at least three conveyancing quotes when you are buying or selling a property but sometimes you can get one that’s so much lower than the others that it makes you nervous. Where’s the catch with cheap conveyancing? There doesn’t have to be a [...]
An introduction to online conveyancing
An introduction to online conveyancing Looking for conveyancing online is understandably a bit nerve-wracking. There is an element of distance that breeds doubt when looking to instruct people to deal with such an important and expensive task as tying up the legal aspects of a house sale or purchase. But online conveyacing can lead [...]
Why does conveyancing take so long?
Why does conveyancing take so long? The national average timeline for a property transaction is approximately 12 weeks, but why does the process take so long? The main reason is because of the value of what is being traded and the complexity of the legal difficulties surrounding property in this country. If you’re spending [...]
The property industry
The property industry The property industry is littered with numerous reports, figures, publications, articles and general feelings. But what use are they? I recently read an article saying that a national provider of agency sale boards was reporting a huge increase in the number of sales recently and that this was a good indication that [...]
My sister, the big spender
My sister, the big spender My sister rang tearfully last night to tell me that she could no longer come up to the smoke for our annual sister bonding shopping trip. She explained that she was up to, and possibly overflowing from, her overdraft limit. This is not a new conversation with Tasha, my much [...]
House prices rebound to 12-month high
House prices rebound to 12-month high House prices appear to be on a constant rollercoaster ride. The latest figures reveal that prices are at their highest level for over a year, this is giving hope to those waiting for the property dip to be over. A rise was seen of £526 in July taking the [...]
A generation of renters
A generation of renters The consistent rise in the cost of living means that many potential homeowners are being denied the chance to purchase their first home. Those that may have had surplus funds are finding that any spare cash is now being sucked into everyday living costs. Utility bills, council tax and insurance are [...]
The country cottage
The country cottage The country cottage has long since been the dream home of choice for many. There are romantic visions of quaint little stone dwellings, roses growing around the door, a little pathway leading to a picket fence. The fashionistas have all trouped down to ‘their little place’ in the country. The truth is [...]
Attractive mortgages for first time buyers
Attractive mortgages for first time buyers The government are nudging lenders to offer better rates for those offering limited deposits. The best of the bunch are listed below: The Yorkshire Building Society is currently offering first time buyers a fixed rate of 5.39% until September 30th 2013. The loan-to-value ratio is 90%, the maximum advance [...]
Time to buy?
Time to buy? Homeowners are unsure whether to go for a tracker mortgage or fixed. If they opt for a capped tracker they are having the best of both worlds. They have a low tracker rate set at 0.5% whilst having peace of mind of a cap to the rate when the base rate rises. [...]
How to be that little bit more appealing to mortgage lenders
How to be that little bit more appealing to mortgage lenders It is about to become really cold and lonely out there for those trying to get a mortgage. The potential threat of job losses and the fall out from that is starting to take effect as lenders tighten their lending criteria even more. The [...]
Students are aiding the property market
Students are aiding the property market Aberystwyth is bucking the trend, recording the strongest price growth of any other university town or city over the past decade. There has been a leap of 144% in property values over this period, keeping the town away from the property dip that has hit most other places. It [...]
Can you get on the property ladder as a first time buyer?
Can you get on the property ladder as a first time buyer? We are being told that purchasing property is only going to get harder over the next decade… What a chirpy thought. A report out has revealed that home ownership will drop to 63.8% over the next ten years, this is down from 72.5% [...]
The purchasing process
The purchasing process One in three offers actually ends up falling through. Purchasing your dream home first time round, may not happen. Your negotiating skills come into play at this stage, getting the right price and keeping things on track is extremely important. As soon as your offer is accepted, process your application with your [...]
Factors to consider before searching for a family home
Factors to consider before searching for a family home How many bathrooms does it have? Two bathrooms are fantastic if you have more than one child, but you may want to opt for an en-suite so you can retain your privacy each day. With four people living in the house, one bathroom is going to [...]
Thinking of transforming an old ship wreck?
Thinking of transforming an old ship wreck? We have all watched the TV shows, where a desolate wreck is transformed into an unrecognisable jaw-dropping dwelling. The tired owners give details of their emotional journey. They clearly feel, that, although financially lighter the experience of enabling a piece of history to come together is truly worth [...]
Fancy living in a tent?
Fancy living in a tent? I must confess living in a tent is not a burning ambition of mine, visions of Girl Guide camp spring to mind. I vividly remember crying, in part to the extreme cold and damp, but also with the sheer terror of not having hard walls around me in the dark [...]
What’s next for house prices
What’s next for house prices The end of summer signifies back to school, no more holidays to the Balearics and hopefully some serious property viewings. It has not been an easy year to say the least for most areas. The remainder of the year looks to continue in the same vein, although some regions buck [...]
Low demand pushes house prices down
Low demand pushes house prices down There hasn’t been a traditional spring bounce for the property market this year. The multitude of bank holidays and the ongoing economic problems have all hindered. Figures reveal today that house prices have dropped 1.1% in April. Estate agents sold on average 14.7 in the three months to the [...]
Mortgage rates are at the lowest level since records began
Mortgage rates are at the lowest level since records began A report out recently states that the average mortgage rate has dropped to its lowest level for 25 years. This is great news for homeowners who are staring into the face of crippling tax hikes, rising inflation and wages that are going nowhere! These savings [...]
Halifax says housing market is ‘facing headwinds’
Halifax says housing market is ‘facing headwinds’ Although house prices climbed a fraction in June, according to the Halifax there are still headwinds in front of us. The reason for this is blamed on higher taxes, inflation and the fact that wages are not increasing in line with these factors. The market has remained stable due to incredibly [...]
UK economic forecast downgraded again
UK economic forecast downgraded again The global crisis has resulted in the Bank of England revising their economic forecast for Britain’s recovery. The recovery will dip to about 1.4 per cent, from 1.8 per cent, because the economy faces ‘persistent headwinds’ from the slowdown affecting Europe and the U.S. It is thought that the recent [...]
Compensation for damage caused by rioters
Compensation for damage caused by rioters £230 million in aid has been pledged to those effected by the damage caused by rioters. £200 million will come from the taxpayer in the form of insurance compensation. Councils will be allocated a £10 million recovery fund to clear up the streets and make the necessary repairs. £20 [...]
Inflation rose to 4.4% in July
Inflation rose to 4.4% in July This figure is up from the 4.2% recorded in the previous month. Household goods and the price of food have all gone through the roof in recent months. Wages have either remained stagnant or barely grown in line with these rising costs. For 20 consecutive months the CPI has [...]
New 100% mortgage deal to be launched
New 100% mortgage deal to be launched We are to see a return of the 100% mortgage. The deal was launched recently, and this type of mortgage has not seen since the credit crunch. These loan types were scrapped as they were criticized for being an irresponsible form of lending, allowing first time buyers to [...]
Mortgage advances rise by 8%
Mortgage advances rise by 8% Newly released figures reveal that the amount of mortgages being advanced rose by 8% during April. This figure is still only half that was seen at the same time pre-recession. Mortgage advances are at present higher than they were at the beginning of the year. Approximately 40,900 loans were taken [...]