New restrictions on community value assets
The Land Registry has offered guidance on new Assets of Community Value Regulations that came into force on the 21st September. The changes are part of the Localism Act 2011 and have amended the Land Registration Rules 2003. Local authorities in England must now maintain a list of assets which benefit the local community, such […]
Countrywide announces results
Countrywide Holdings, Ltd, the UK’s largest property services group, yesterday announced its financial results for the quarter ending 30 September 2012. In terms of the groups’ conveyancing results, income in 2012 increased compared to 2011 which they attributed to the introduction of the HSBC contract. However additional operating costs had an impact on profitability. Underlying […]
Mortgage guidelines toughened by FSA
Lenders have welcomed the new FSA rules published yesterday that seek to tackle irresponsible lending. The policies have toughened mortgage lending rules to make sure borrowers can only take out deals they can afford. The aim is to prevent any return to irresponsible lending with self-certified mortgages being outlawed. Paul Broadhead, Head of Mortgage Policy […]