Compensation Fund claims for solicitor mortgage fraud exceed £100 per mortgage in 2011
Lenders are annoyed about the way the compensation fund is being managed in light of new figures from the SRA that indicate that mortgage fraud claims against the compensation fund for fraud by solicitors are higher than most conveyancers realise Following a recent data cleansing exercise the SRA has reclassified 147 claims in 2011 against […]
Halifax House Price Index shows monthly rise of 2.2% in March
The Halifax House Price Index has been released and shows a very slight quarterly change, although prices in March rose by 2.2%. In the first three months of 2012 house prices were 0.1% lower than quarter four of 2011. The average house price in March was £163,803, almost the same level as July 2011 (£163,765). […]
RICS figures for March show trend towards price stabilisation
The RICS UK Housing Market Survey for March has been released today. It shows that there is a trend moving towards price stabilisation. The net price balance advanced from -13 to -10 in March. This means 10% more surveyors reported falls than those reporting price rises. This is the least negative reading since June […]