New CML conveyancing instructions for separate representation taking effect from 2nd July
Following extensive consultation and development, the CML has this week issued a new set of instructions for conveyancers acting for lenders under separate representation conveyancing transactions in England and Wales. The new set of instructions are designed to apply when a solicitor of licensed conveyance acts only for a lender in a house purchase […]
Strong desire for home-ownership remains, but can it be fulfilled?
A new CML research article shows that despite the economic and financial difficulties that have resulted from the credit crunch, 81% of British adults hope to be home-owners in ten years time, with 74% hoping to own a home within two years. Bob Pannell, CML chief economist is the author of the article, which […]
May sees Mortgage market return to growth
The mortgage market returned to growth in May following from the slowdown in April caused by the stamp duty exemption deadline, according to the latest Housing Market Activity Report by Connells Survey and Valuation. The total number of residential valuations conducted during May rose by 4% compared to April. This represents an annual increase […]