There are plenty of home owners who are unaware that they are responsible for the maintenance and repair of the pipes that connect their external drain to the public sewer but all the current home owner responsibilities are set to change in October this year. The home owner normally has a responsibility, sometimes shared with […]Read More
The Legal Ombudsman yesterday published anonymous case studies on their website stating that it is part of their commitment to helping both consumers and solicitors to understand the sort of issues that it is required to investigate and how resolution is reached. From June it is proposed that the service will also be extended to […]Read More
The National house builders, Bellway Plc, have released their interim results for their half year ended 31stJanuary 2011 indicating that they completed almost 4% more homes, despite the current low market conditions. The key points are: – Average Price achieved was £168,428, compared to £155,871 in 2010 – Completed Sales of 2,332 homes, compared to […]Read More
The latest Bank of England Statistics for February show a slight increase in the number of loans approved for house purchase, 46,967. The figures are slightly higher than the previous six month average of 46,413. Remortgage application approvals were also higher than the previous six month average and for February were 35,725, up from 31,674. […]Read More
Many home owners who are currently on a variable rate mortgage have made a dash for low cost fixed rate mortgage deals before the Bank of England has another opportunity to increase interest rates. Around 27,000 home owners have changed their lender in a bid to secure the best available deals and with the inflation […]Read More
According to the Telegraph, buy to let opportunities have been opened up by the Budget’s stamp duty reforms following the announcement that there are to be tax cuts on the bulk purchase of residential properties. The Coalition said that they want to attract investment from major institutions, such as pension funds and landlords, into residential […]Read More
The Law Society’s updated Code for Completion by Post will come into force on 1st April 2011 and is available on their website now. The updated Code will only apply to transactions where you have agreed to ‘adopt the current Law Society’s Code for Completion by Post’ after 1st April 2011. Today’s Conveyancer, bringing you […]Read More
With the advent of ‘the internet age’ and other technology the conveyancing process has been revolutionised but David Kempster, Sales and Marketing Director at SearchFlow, says “these high-tech solutions should not come at the expense of the human touch”. Although many firms still view electronic communications with scepticism and don’t want to take the leap […]Read More
First time buyers are being offered a lifeline when it comes to getting on the property ladder but how will George Osborne’s First Buy scheme work? First time buyers earning £66k or less will be eligible for the scheme which will allow them to buy a home with a 5 per cent deposit. The government […]Read More
If you’re looking for a new role take a look at our jobs section. We have recently added a new role for a Remortgage Fee Earner based in Cheshire, through Ab Initio Recruitment. Have a look and see if you are what they are looking for. Today’s Conveyancer, bringing you the latest conveyancing news and […]Read More
Residential property lawyer David Morgan, a Partner at Higgs & Sons, has said that owners of property with a septic tank must be made aware of the new regulations relating to domestic septic tanks. The regulations were changed in 2010 but owners of existing septic tanks only have until 1st January 2012 to register them […]Read More
Aldermore, who say that their aim is to ‘take a fresh perspective on markets that have been poorly served by traditional banks’, have recently launched a number of fixed and variable rate remortgage deals. The new deals, open to both residential borrowers and buy to let borrowers, have no completion fees, no valuation fees and […]Read More
The Solicitors Regulation Authority are seeking your views regarding the fee structure for alternative business structures (ABS). They say that the starting point for the development of the fee structure for ABS is: that the ongoing cost of regulation be broadly the same as the cost of regulation of equivalent traditional firms, and that the […]Read More
According to the latest Buy to Let Index from LSL Property Services Plc rents have risen, in February, by 0.2 per cent to £684, an annual rise of 3.9 per cent. Tenant arrears, however, have risen to 12.6 per cent as renters continue to feel the pinch of from the ever increasing cost of living […]Read More
Zolfo Cooper Partners, Simon Appell, Alastair Beveridge and Anne O’Keefe, were appointed Joint Administrators of Peverel Ltd, Peverel Group Ltd, Aztec Opco Developments Ltd and Aztec Acquisitions Ltd on 14th March. The four are holding companies within the Peverel Group, which is billed as the leading property management company in the UK residential sector, managing […]Read More
HM Revenue & Customs have made a further announcement regarding submissions of form SDLT1, including the supplementary forms SDLT3 and SDLT4, online screens will also be changing. Previously the National Insurance number was not a required field but as from 4th July 2011 the lead purchaser’s National Insurance number and date of birth will be […]Read More
Legal & General’s recently released Moving Intentions Survey results indicate that only 30 per cent of the adults who took part in the survey believe that they will be buying a property in the next twelve months. The first Moving Intentions Survey was published in the summer of 1996 and has since been carried out […]Read More
The Land Registry have reported that results for Official Searches issued on 17th March 2011 are incorrectly stating that the priority period expires on 29th April, unless you have been living in a bubble this is the date that Kate and Wills marry and is also a bank holiday. The Land Registry are advising customers […]Read More
The SRA’s Handbook, which recently received final approval, sets out new regulatory arrangements which support the introduction of outcome focused regulation, coming into force on 6th October 2011. The board have said that they are confident the Handbook ‘provides an effective framework for both the new regulatory approach and the safe licensing of ABS’. Legal […]Read More
The Telegraph recently reported that a controversial new mortgage deal is being launched by five local authorities and is being backed by Lloyds Banking Group. The scheme is reportedly being aimed at first time buyers who cannot raise the large deposits currently required. Read the full article here. Lloyds Banking Group just happen to be […]Read More
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