Month: December 2011

Conveyancing

FSA puts end to remortgage boom

The Financial Services Authority (FSA) have delivered another blow to conveyancing solicitors as they bring in tough new rules which will see many homeowners unable to release equity in their properties. Utilising equity in property has long been a “fashionable” way of raising extra funds to pay off debts or funding home improvements but strict […]Read More

Conveyancing

Right to Buy boost for council tenants

Council tenants will soon be offered an increased discount of up to £50,000.00 in a Right to Buy scheme shake-up.  In some parts of the country this could see discounts trebled. The shake-up is part of an effort by the Government to “ease the struggle and help some of the two million social tenants in […]Read More

Conveyancing

Taylor Wimpey forced to bulldoze 24 brand new homes

Bulldozers were brought in to demolish part of a brand new housing development in Cheltenham, Gloucestershire, earlier this month when a group of residents took on the might of Taylor Wimpey and won. Taylor Wimpey had started building on the site, which has planning permission for 124 homes, following their acquisition of the land in […]Read More

Conveyancing

SRA urges firms to take care with vulnerable clients

The Solicitors Regulation Authority (SRA) have urged Solicitors to ensure close attention is paid to clients individual needs, particularly the most vulnerable members of society, and ensuring that they deliver a proper level of service. The SRA’s new Principles and Code of Conduct states that “Solicitors should provide a proper standard of service to clients”, […]Read More

Conveyancing

“Don’t forget about home owners” warns conveyancer

The recent Government announcement of an initiative to assist new build purchasers has prompted Eddie Goldsmith, partner at Goldsmith Williams, to urge the Government not to forget about home owners. The new mortgage indemnity scheme will allow up to 100,000 potential home buyers in England to get on the property ladder.  The initiative will see […]Read More

Conveyancing

England’s Green and Pleasant land

A definition of a village green is noted in the Countryside and Rights of Way Act 2000 as land ‘on which for not less than 20 years a significant number of inhabitants of any locality, or neighbourhood within a locality, have indulged in lawful sports and pastimes as of right… and continue to do so’. […]Read More

Conveyancing

A positive year for Equity Release

Equity Release Solicitors’ Alliance (ERSA) carried out research over the last 12 months to establish what awareness and demand there is around equity release. The results show an increase in the percentage of people considering equity release, 38 per cent, up from 20 per cent, which is a staggering 90 per cent increase.  The research […]Read More

Conveyancing

England’s Green and Pleasant land

A definition of a village green is noted in the Countryside and Rights of Way Act 2000 as land ‘on which for not less than 20 years a significant number of inhabitants of any locality, or neighbourhood within a locality, have indulged in lawful sports and pastimes as of right… and continue to do so’. […]Read More

Conveyancing

2011 a year of winners and losers

Data from the Land Registry shows just how much things are changing in the conveyancing market. A year ago the conveyancer registering the largest number of transfers for value was Countrywide Property Lawyers who registered 885 applications however a year on whilst the large licensed conveyancer has been surpassed by the first ABS My Home […]Read More

Conveyancing

A new search enters the market.

DevAssist, have developed and launched a new conveyancing search. The search informs purchasers, or professionals, of where undeveloped land exists within 75m of a specific property. When asked where the idea came from Paul Addision of DevAssist said” for years I have listened to very upset and disgruntled residents every time I submitted an application […]Read More

Conveyancing

House prices remain static but transactions up 4.5%

In defiance of the doom and gloom that currently surrounds the economy, house prices remained static in November but transactions increased by 4.5 percent, according to the House Price Index released by LSL Property Services. In the year to November house prices fell by only 0.7 per cent.  In London, however, prices rose 3.1 per […]Read More

Conveyancing

Legal and More suspended from search code by PCCB

The Property Codes Compliance Board (PCCB) which it the independent body that enforces the Search Code has announced that London based Legal & More Limited has been suspended from the Search Code, after failing to meet the required standards set out by the Code.  Legal and More describe themselves as having "An ambition to be the UK’s Premier […]Read More

Conveyancing

1000 CQS firms

The Law Society accredited its 1000th Conveyancing Quality Scheme (CQS) firm today, less than a year since applications opened. Coventry-based Penmans Solicitors LLP has become the 1000th accredited CQS firm. The total number of law firm branches with the CQS mark in England & Wales is 1548. Applications to join the scheme stand at 1579. […]Read More

Conveyancing

Do you Know Your Client?

We as conveyancers deal with all manner of clients including those who we have represented for years and know well, those who live locally and can pop into the office, those who seem legitimate and friendly but we’ve never met them face to face and those who repeatedly instruct us from all over the country […]Read More

Conveyancing

Law Society Practice Note “Lender requests for files”

There are some lenders requesting disclosure of information and/or documentation contained in conveyancing files, according to the Law Society  and,  in response to this,  they have issued a Practice Note entitled "Lender Requests for Files". The Practice Note contains useful information about what you should do when lenders request information or documents contained within their […]Read More

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