My Home Move surge ahead as largest conveyancing provider during 2014January 15, 2015
Data released by HMLR has revealed that My Home Move completed more mover conveyancing cases than any other UK conveyancer in the 12 months to November 2014*, completing more cases in that period than the next two largest firms combined. By October 2014 My Home Move had already exceeded its overall transaction volumes for the whole of 2013.
The news comes after another successful year for My Home Move. As well as being the market leader and helping over 41,000 people to buy or sell their properties, My Home Move also opened a new conveyancing hub in Manchester, propelling the company towards its ambitious growth plans. My Home Move also received five industry awards in 2014, including ‘Company of the Year’ at the Leicester Mercury Business Awards, ‘Best Conveyancing Provider’ at the What Mortgage Awards, ‘Best ABS over 100 employees’ at the Modern Law Awards, ‘Best use of Technology (Non-Lenders)’ at the Mortgage Finance Gazette Awards and ‘Best Legal Services Provider’ at the Your Mortgage Awards, taking the total award wins to 12 in two years.
Speaking of My Home Move’s achievements, CEO Doug Crawford said, “My Home Move 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 My Home Move, 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, My Home Move has increased its capacity to meet growing demand for our service.”
Looking ahead, Doug continues, “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. ”
*Data based on HMLR Transaction Applications, December 2013 – November 2014.
**Figure based on the total Transfer Applications received by the Land Registry from all channels between December 2013 – November 2014, compared with the same period in 2013.