Equity release market continues to grow
A total of £508million in housing wealth was released in the first six months of the year thanks to growing confidence in equity release. According to research from specialist adviser Key Retirement Solutions customers taking out an equity release plan in the first half of 2013 released an average of £55,272 up 12% from 2012’s […]
Troubled Midlands firm owes £11.2m
Midlands firm Challinors owes more than £11.2m to unsecured creditors as it prepares to go into administration. The firm carried out 32 registrations in June at Land Registry, making them in the top 15% of firms in the Land Registry table. They have confirmed that they have filed notice of their intention to appoint administrators. […]
Gross mortgage lending up 28%
Gross mortgage lending by building societies and other mutuals reached £3.5 billion in June. According to the latest figures from the Building Societies Association (BSA) lending over the first half of the year was up 28% from the same period in 2012 to £18million. Mutuals now hold a 24% share of the gross lending market, […]
The role of the COLP
The SRA Handbook and Code have been in force since 6 October 2011 and COLPs and COFAs took up their roles formally from 1 January 2013. Incredible to think it has been more than 6 months. The role of the COLP and COFA doesn’t need to be complicated. We will be focussing on the COLP […]
