MyNestBox proudly supporting inaugral National Conveyancing Week

National Conveyancing Week has been launched to raise the profile of organisations who conduct property transactions, with the inaugural event taking place from 20^th-24^th March 2023

Property lawyers up and down the country are taking part in a series of events over the course of the week designed to educate and inform all those involved in the home-moving process about the often complex role of the lawyer in helping people move home.

The property market is the backbone of the UK economy. A healthy property market will generate c. £50bn of economic activity each year as home movers pay for the direct home moving costs (banks, mortgage brokers, estate agents and property lawyers) alongside an estimated £25,000 per home move on soft furnishings, technology and connectivity, and white goods.

Since 2020 the property market has seen record high numbers of people moving. Factors like home-working have seen significant demographic shifts in lifestyle as people have sought more space; moving away from commuter belts into more rural locations and seeking additional rooms for home offices and studies.

This demand has driven record house prices and resulted in removals firms, estate agents, banks, and property lawyers struggling to cope with record levels of demand for their services.

Throughout the course of National Conveyancing Week, estate agents, mortgage brokers and introducers, and the home-moving public are invited to take part in a series of in-person events, and online and on-demand sessions to better understand the role of property lawyers in the home moving process.

Founder of National Conveyancing Week Rob Hailstone says:

“Home buying and selling is one of the most important events that takes place in the lives of nearly everyone at some point in time. It can be time consuming and difficult to understand for many. National Conveyancing Week aims to help de-mystify the many strands that make up the process, not just for the general public but also for the numerous stakeholders involved in it.”

National Conveyancing Week takes place between 20th-24th March 2023. For more information see National Conveyancing Week.

It takes less than an hour to buy shares on the stock market. But it takes 5 and a half months to buy a home, from offer to completion.

Transactions are completed by property (“conveyancing”) lawyers who are expected to collect a huge amount of data to evidence their duty of care for their clients, and their client’s lenders.

This would be okay if the data that underpins the home buying market wasn’t such a mess. The most painful example of this is the (sometimes) 12 week wait for “searches”, which is a baffling 100+ page suite of PDFs commissioned by the buyer’s lawyer, to tell the home buyer everything that they really need to, but don’t want to know about their potential home, such as underlying radioactive gases, Flood Risk, Adopted Roads, and subsidence.

Martello solves this problem by processing “search” data everywhere, all the time, to maintain the first live property constraints database for home buying. Their platform will automatically collect 10,000+ datasets across 700 data sources and process it against all 30 million properties in England and Wales instantly.

Dr Henry Crosby PhD is a Geospatial Data Scientist. He has spent 10 years contributing to the development of many products in the Proptech sector including at Nimbus Maps and Carterwood Analytics. His published authorship regularly discusses property data aggregation, including writing about the development of a state-of-the-art automated valuation model for UK residential properties.

Adam Rogers is an experienced entrepreneur and software engineer of 15+ years, in that time he led projects for the likes of Channel 4, as well as several exited spin outs from digital agency, Mint Digital. Previously he was the solo founder of DeskBeers, an enterprise beer on demand delivery start-up.