Bold Legal Group find “Lenders aren’t all bad”
Rob Hailstone writes “Have you ever found your firm taken off of a lender’s panel through no fault of your own? If you have, fear not, the situation can sometimes be resolved very quickly.” Rob Hailstone, founder of the Bold Legal Group recently received the email below from BLG members PCS Legal, a firm of […]
6500 conveyancing firms operated in 2012 – how many 2013?
Despite a rising market with nearly 5% more applications to Land Registry than in 2012 the pace of consolidation in the market is becoming very clear. 689980 applications were made to Land Registry for transfers for value in 2012 each one representing a conveyancing case and work for conveyancers. The top ten Land Registry account […]
Sunday Times warns of slow mortgage processing times
Whilst slow mortgage processing times cause conveyancing chain issues there may be a silver lining for conveyancers. In bad news for conveyancers, yesterday’s Sunday Times highlighted a number of issues in mortgage processing times. According to the Sunday Times article, HSBC has admitted that it is taking an average of 56 days to complete mortgage […]
Remortgaging market still down on last year
Monthly gross remortgage lending has increased 6.2%, meaning it now represents 28% of the market. The latest LMS Remortgage Report shows that remortgaging increased by £168m to £2.9bn in January. Even with the increases, gross remortgage lending is still 26.2% lower than it was at the same time last year, meaning tough times for those […]
The Future of Conveyancing: Say It Ain't So!
Mr Poor and Miss Unfortunate, are looking to buy their dream home in Yate (other towns villages and cities are available) First time buyers, Mr. Poor and Miss Unfortunate had been enticed by the Punter Procurement department of the Inter Galactic Estate Agents.com to provide Conveyancing services on their dream home, from their sister company […]
Should the Law Society set up a Bank?
As yet another Banking crisis appears over the horizon and trust in the sector is damaged once more I ask myself “should the Law Society create a Bank”? What do you think? Of course there are pros and cons and I am sure it is not easy as demonstrated by Dave Fishwick in the Channel […]
Commercial Property Lawyers under Increased Pressure to Avoid Costly Farmland Remediation Issues
Soaring farmland prices heap pressure on lawyers to conduct thorough due-diligence Remediating contaminated land costs 40 times more than its purchase price Part 2A of Environmental Protection Act could leave cost of remediation with new land owners SearchFlow launch comprehensive environmental search for rural land transactions The rising price of farm and agricultural land […]