Nationwide defends lending panel review
Yesterday we reported on the Law Society update about changes to Nationwide’s lender panel. The Building Society has informed the Law Society that it will be suspending those firms that have performed less than four transactions for Nationwide in the last year, subject to an appeals process that has been put in place by Nationwide. […]
Hometrack research shows Olympics has not resulted in higher residential property values
New research by Hometrack reveals that the Olympics have yet to have an effect on residential property values in Stratford, the area adjacent to the Olympic site. Measuring using a £ per square foot (£psf) basis, residential property values for the postcode E15 which covers Stratford have been 35% less than Greater London. This is […]
Hometrack Monthly National Housing Survey show prices rise for first time in 20 months
The Hometrack Monthly National Housing Survey was released yesterday and the data shows a 0.2% increase in the monthly average house price. This is the first increase for 20 months. The average time that a property spends on the market has also dropped from 9.9 weeks in February to 9.7 weeks. The percentage of […]
Royal mail price increase could hurt small law firms
Royal Mail’s Regulator has recently allowed Royal Mail to set their own prices for first-class and business mail. This has seen an increase of 30 per cent on first-class mail and 39 per cent on second-class mail, these changes will take effect from the end of April. Many firms may have already decided not to […]