First Time Buyers need more help
It is believed that first time buyers are the biggest casualties of the house price boom and bust culture with the trend continuing to this day. The UK housing market has taken a severe beating thanks to the effects of the credit crunch. House prices grew by more than 230% between 1996 and 2007. Though […]
LSB seeks to manage rather than ban referral fees.
The Legal Services Board final report into the review of referral fees has been concluded. The “Decision Document” which runs to 43 pages sets out the outcomes that it wishes to secure for consumers. These outcomes are to generally allow referral fees subject to specific measures to reduce the potential likelihood of harm. Measures include […]
Britain a nation of renters thanks to credit crunch?
A report commissioned by Halifax and produced by the National Centre for Social Research (NatCen) has identified that 64 per cent of non-homeowners believe that they have no prospect of buying a home, indicating an emergence of what they are calling ‘Generation Rent’. Based on the report if ‘Generation Rent’ becomes reality the impact on […]
Halifax tighten their lending criteria further
From today Halifax say that all applicants applying for an interest only mortgage will be also be required to provide evidence of a suitable repayment plan, as initially reported on Mortgage Introducer last week. Halifax commented on the measure: “As a responsible lender, we believe that it is necessary to ensure our borrowers have an […]
JS Law launch new social media based website My Move Property Lawyers
During difficult times many medium sized firms have put on hold discretionary expenditure. JS Law have bucked this trend following a successful social media campaign by their Marketing Manager Mandy Cumbers. Focusing primarily on twitter they have tweeted nearly 600 tweets and concluded that the benefits justified a new site and brand. With only […]