Buy to let mortgages up by 84,000
Buy to let mortgages increased by 84,000 in 2011, according to recent data released by the Council of Mortgage Lenders (CML). The last quarter of 2011 saw almost 35,000 buy to let mortgages advanced totalling £4 billion, over 15,000 of which were remortgage advances. The figures are almost identical to volumes for the third […]
HMOs to be licensed under new rules
A citywide licensing scheme has been launched in Oxford, the first in the UK, where landlords are now required to register a House in Multiple Occupation whether it is small or large, according to Landlord Zone. Houses in Multiple Occupation (HMO) are so called if you have at least three tenants, forming more than […]
ABI will not renew statement of principles for flood insurance
The Association of British Insurers (ABI) has told the government that it will not renew the Statement of Principles for flood insurance, according to Insurance Age. On the same day MPs called on the government to “take responsibility” for flood protection. Chair of the Committee of Public Accounts, Margaret Hodge MP, warned that no one […]
Changes at the top for myhomemove
Myhomemove have appointed Doug Crawford, Personal Touch Chief Executive, as the new Chief Executive of myhomemove, replacing outgoing Chief Executive, Ian Floyed, joining the conveyancing and panel management provider in April. Crawford joined Personal Touch in March 2010, from Absolute Invoice Finance, part of Aldermore Bank. Following Crawford’s appointment, current Chief Executive, Ian Floyed, will […]
How French Conveyancing differs from English Conveyancing
Please note that property law is a complex subject and you should not rely on these notes without professional advice on the facts of your case. Anyone who has purchased a property in England will be familiar with the procedures. The conveyancing solicitor makes enquiries of the seller’s solicitor about the property usually with standard […]
Changes to the way DX charges
The DX service is an integral part of many solicitors firms, allowing for a secure and efficient postal system. It is the leading postal supplier to the legal profession. For several years the DX has used a weight monitoring system in order to calculate the subscription costs to each customer. In a move that will […]
Fridaysmove HSBC marketing guarantee
Fridaysmove the online conveyancing provider has developed a novel guarantee to ensure it doesn’t lose clients to HSBC’s own joint representation panel. In a recent addition to their web pages Tony Lillystone their Legal Manager writes; “Home buyers in the UK may have read the recent media storm that has erupted from the recent HSBC […]
Licensed Conveyancers consult on lender panel solution
Following an initial preview of its lender panel proposition (SLC Quality Assured) back in November 2011, the Society of Licensed Conveyancers (SLC) has launched a consultation process. The consultation will invite Licensed Conveyancers to provide their individual feedback on the solution currently proposed, allowing them to help shape this vital scheme, before it is launched […]
Stamp duty rush boosts mortgage market activity
A recent report from Connells shows that demand from first-time buyers looking to beat the end of the stamp duty holiday bolstered mortgage market activity in January. The total number of residential valuations conducted during January increased with 43% more valuations than a year ago. However, this represented a slight decline of 15% on a […]
