SRA updates guidance to firms who are NatWest or RBS account holders
The SRA has added an update to the guidance it issued last week following the technical issues experienced by NatWest and RBS Banks. The update is shown below: We are informed that banking systems are now rectified and work is continuing on bringing account entries up to date. Some CHAPS, inward and outward payments […]
Law Society takes first step towards PII common proposal initiative
The Law Society is seeking industry-wide support from insurers and brokers as it takes its first steps towards a common PII proposal regime. It is asking brokers and insurers to use its professional indemnity insurance composite proposal form. The Society believes that a common proposal form will make life easier for its members during […]
Halifax to return valuation costs if house purchases fall through
Halifax has announced the details of its valuation fee promise, which means that Halifax will refund valuation costs to mortgage applicants if their home purchase falls through, through no fault of their own. This is the first lender to guarantee a refund of valuation costs where there is no completion. The costs will be […]