Gazumping, Gazundering and Gazanging could be a thing of the past
Glaisyers Solicitors LLP, a Manchester-based law firm, has advised Tim Price on the launch of a product which is set to “revolutionise” the home buying process. Entrepreneur, Tim Price, founder of AssuredSale, a new online platform that aims to “increase the momentum of the sales process and reduce the rate of failure for buyers, sellers, […]
Searches UK ask are you happy as a conveyancer?
Searches UK are conducting a short survey into the conveyancing market, please spare a couple of minutes to complete the survey. Click here.
Research endorses perception that local conveyancers are preferred.
At last weeks CML Conference Phillip Oldcorn of First Title presented a summary of the findings of a report that First Title had commissioned from You Gov. The comprehensive report surveyed nearly 2000 people who had recently purchased a residential property. The report makes fascinating reading and is probably amongst the best research done into […]
CML Future of Conveyancing Conference – the outcomes.
The CML Future of Conveyancing Conference was held last Thursday at the old Prudential Assurance building in Holborn. The ornate distinctive red brick building dominates that part of Holborn as an impressive building of a by gone age. The kiln fired tiles inside the building created the sense that they building had once been the […]
Franchise model gains ground.
The number of strategic options for conveyancers continues to grow as Lawyers2you announce that they will be holding an Open Day on Friday 9th December 2011. Not only do conveyancing firms have to think about how to manage the work that is coming through the door but also what the impact of ABS will have […]
ABS: Under starters orders
Licensing applications will soon be accepted by the Solicitors Regulation Authority (SRA) for Alternative Business Structures (ABS), according to a recent announcement. An Order which designates the SRA as an ABS licensing authority, laid before Parliament on Friday, will come into force on 23 December and enables the SRA to set the date on which […]
Bank of England: Forbearance masks true figure of mortgage arrears
The Bank of England’s latest Financial Stability Report has looked at the issues surrounding official arrears figures and the fact that they are “being ‘significantly’ masked”. The review by the Financial Services Authority, at the request of the bank, looked at the potential scale of the problem due to increasing concern that the true picture […]
Co-op warns Draft EU legislation may penalise buy-to-let landlords
The Co-operative Legal Services team has joined the throng of commentators on the challenges that the EU may present to the buy to let market by requiring lenders only to consider earned income when considering affordability of buy to let lending. At the present time buy to let mortgage lenders are not subject to the […]
Estate Agent prosecuted for DPA breaches may create an opportunity
Last week an estate agent pleaded guilty to the offence of failing to notify the Information Commissioner’s Office (ICO) that his business processes personal data. The Data Protection Act 1998 requires every organisation or person who is processing personal information in an automated form to notify, unless they are exempt. Failure to notify is a […]
What work should conveyancers chase now?
In the Autumn statement last week we all know it was confirmed that the Stamp Duty Land Tax break for first time buyers would end next March. Conveyancers like Fidler and Pepper and others have already started waiving the marketing flag to encourage first time buyers to accelerate their plans to buy before the deadline […]
Sharia compliant buy to let mortgages from Islamic Bank of Britain
Islamic Bank of Britain, the first UK FSA approved Islamic bank, has recently entered the buy to let market with the launch of the Sharia compliant Buy to Let Purchase Plan (BTLPP). Sharia law prohibits the payment, or acceptance, of interest or fees for monetary loans. For many British Muslims this meant that owning their […]