Typical time on the market falls for unsold property across the UK
The typical time for an unsold property to spend on the market has fallen by 80% since May 2009. The typical time for an unsold property to sell in May 2009 was 184 days. That figure has fallen to 102 days according Home.co.uk. The reduction in time is subject to significant regional variation, with Greater […]
Remortgaging levels are low but some reports suggest a proportional increase
Reports from CML say that remortgaging is at its lowest level for 15 years, whilst other organisations are interpreting the statistics positively. LMS in particular are reporting that remortgage lending is the highest proportion of total lending since October 2012. CML data reveals that of the 6.9 million regulated mortgages taken out in 2005 remained […]
The Law Society Flood Risk Practice Note
On 23 May 2013 The Law Society of England and Wales issued its long awaited Practice Note on Flood Risk. For the first time solicitors now have clear guidance on their client obligations with regard to understanding flood risk in a property transaction. The Practice Note comes days after the revision to the Property Information […]
