British Bankers Association says lending “little changed in June”
The British Bankers Association reports each month on the mortgage approval activity of the “main high street banking groups” which represent 2/3 of mortgage lending in the UK. Conveyancers will wonder whether the market is likely to fall over the coming months but hold on to the glimmer of hope that at the moment it […]
New PII insurer enters whilst another scales back
In a move that will disappoint many conveyancers Royal Sun Alliance has declined to quote for a number of its existing large solicitor firms. This move will support the concerns that many have that the professional indemnity insurance round will be particularly tough this year. Marc Charlton External Communications Manager said "After a review of […]
Bank apologise for mortgage underpayment calculation error.
The Clydesdale and Yorkshire Bank have written to approximately 18,000 variable rather mortgage customers to increase their monthly payments due to an underpayment calculation error. In their press release the Banks indicate that they are “very sorry” that the error has happened and for any inconveniences this may have caused. The calculation error has now […]
Move Legal Services launches new portal
In a demonstration of how slick conveyancing panel management can be Move Legal Services have launched a new portal for brokers. The service provides an online quotation system for broker and what Move describe as a highly focused panel of dedicated case handlers which can provide clients with instant instructions and transparent quotes outlining all […]
Lender wakes up to the issues of low volume conveyancing firms
Following action taken earlier this year by Santander, and Britannia, Lloyds Banking Group has decided to review the criteria for membership of its conveyancing panels, according to the Gazette. It is reported that the plan is to reduce the number of firms it instructed using a ‘risk based’ model that it says will allow Lloyds […]