Month: November 2013

Conveyancing

BCL Legal November Edition of The Brief out now!

This issue of The Brief is once again bursting with news, interviews and insights. Firstly, we have an exclusive chat with Linda Woolley – managing partner at Kingsley Napley – on her decision to introduce performance remuneration; whilst Ben Scott – head of legal at Nisa – is in the interview hot-seat talking about his […]Read More

Conveyancing

SRA advises uninsured firms of next steps

The Solicitors Regulation Authority (SRA) has advised of the next steps for firms that have failed to secure a new professional indemnity insurance policy. The 141 firms that are still in their extended policy period (EPP) having failed to obtain cover by the 1 October deadline, have been written to the SRA. The period lasts […]Read More

Conveyancing

Firms warned to confirm insurance position

The Solicitors Regulation Authority (SRA) has warned firms that have not declared their insurance position that they are breaching regulations and face enforcement action. Firms had until the 6th November to inform the SRA if they had failed to secure new professional indemnity insurance cover and were entering the second section of the new Extended […]Read More

Conveyancing

Solicitor jailed for stamp duty sting

A solicitor from Leeds who attempted to pocket £133,000 by changing conveyancing documents and lying to his clients was jailed on the 20th November. Timothy Thomas Rogers, 35, a conveyancing solicitor from Knottingley, owner of Rogers & Co Solicitors in Leeds, was caught by investigators from HM Revenue and Customs (HMRC) after they discovered discrepancies […]Read More

Conveyancing

Houses selling 11 days’ faster than last year

The average time it takes to sell a property in the UK is currently 58 days, 11 days less than the same period last year. According to the latest “Rate of Sale” report from the Post Office the regional variation in sale times is also showing signs of dissolving. Properties in Liverpool and Southend-on-Sea properties […]Read More

Conveyancing

Supply and demand imbalance continues

November’s National Housing Market Monitor from haart has shown that Help to Buy fuelled a 92% annual rise in new buyer enquiries in first week of October whilst new property supply fell 2%. The average first time buyer property price now £152,593, up 6.1% annually with the average UK property price up 11.5% annually to […]Read More

Conveyancing

Mixed reaction to Help to Buy results

The latest statistics on the Help to Buy scheme show that in the schemes first six months there were 5,375 properties bought with the support of the Help to Buy: Equity Loan scheme. The average price of a property bought under the scheme was £194,167, with an average equity loan of £38,703. Total loans amounted […]Read More

Conveyancing

John M Lewis & Co awarded Legal Eye Quality Standard

John M Lewis & Co, one of the largest specialist residential conveyancing companies in Derby, has been awarded the Legal Eye Quality Standard. The award follows a 12 month review of the company’s legal systems, practices and procedures. In order to gain the award the company had to demonstrate excellent risk management policies and registers. […]Read More

Conveyancing

Legal Services escape Co-op review

Following allegations made against their former chairman the Co-op bank are to undertake a ‘root and branch’ review of the bank. This review will not include the banks legal services arm. The review follows an expose by the Mail on Sunday of chairman Paul Flowers, where video evidence appeared to show him buying illegal drugs. Flowers […]Read More

Conveyancing

ASA upholds complaint against search provider

The Advertising Standards Agency has told a website that offers Land Registry property searches and documents it must remove wording from its website which implies it offers an official government service. The website www.landregistryonline.net, states it is "The home of official Title Documents & Property Searches … We are the leading Land Registry online search […]Read More

Conveyancing

OneSearch Direct Launch ‘Assured’ Service with Residential Abortive Transaction Insurance

OneSearch Direct, the leading provider of private local searches in England and Wales, have announced the launch of their new OneSearch Assured service. Announcing the launch, Ronnie Park, Managing Director, said: “Making the buying and selling process as simple, safe and stress free as possible has always been our number one priority.  Our market leading […]Read More

Conveyancing

QualitySolicitors Talbots strengthens Commercial Property team

Midlands-based QualitySolicitors Talbots has further strengthened its Business Services Team with the appointment of one of the region’s leading commercial property lawyers. Clare Tierney is a commercial property solicitor with close on twenty years experience gained across the region, and has a special interest in the Leisure and Retail sectors Director of Business Services at […]Read More

Conveyancing

ETSOS and market on the up

The growing positive sentiment coming out of the conveyancing sector would seem to be supported by the latest figures coming out of search specialist ETSOS. The leading aggregator has reported a 28% increase in orders year to date, compared to 2012; while its third quarter sales performance has seen an impressive increase of 65% over […]Read More

Conveyancing

LFS announce 2014 seminars

LFS has announced three more regional seminars for 2014 following on from a series of sold out seminars in 2013. So far they have arranged events in Bristol on 18th February, London on the 4th March and Leeds on the 11th March. The speakers and topics to be covered in 2014 include; Paul Hajek — […]Read More

Conveyancing

Home buyers on the rise

According to the latest figures from the National Association of Estate Agents (NAEA) the average number of registered house hunters increased from 314 in September to 332 in October. This corresponds to an increase in the average number of sales agreed per branch from 9 in September to 10 in October. The imbalance between supply […]Read More

Conveyancing

Chief Financial Ombudsman steps down

The board of the Financial Ombudsman service has announced that Chief Ombudsman Natalie Cenney has stepped down after almost four years with the service. During her time in post the service expanded to deal with complaints about the mis-selling of loan insurance by banks. As well as this the service became a Sunday Times “top […]Read More

Conveyancing

BSA Chairman questions need for Help to Buy

Speaking at the BSA Annual lunch last Thursday, David Cutter, BSA Chairman and Group Chief Executive of the Skipton Building Society questioned whether the Help to Buy scheme was needed. He noted that so far no building societies have signed-up to the scheme, whereas all the major banks and a few challenger banks have done […]Read More

Conveyancing

Which? urges caution on Help to Buy

In response to the Government declaring Help to Buy a success Which? Mortgage Advisers has urged first-time buyers to be aware of the full range of options available to them. Which? are keen to stress to first-time buyers that lenders not involved in the scheme are also offering competitive mortgages and that there are alternatives […]Read More

Conveyancing

Fall in repossessions and arrears

According to the latest data from the Council of Mortgage Lenders the number of mortgages in arrears and the number of repossessions fell in the third quarter of the year. The total number of mortgages in arrears was down from 154,900 in the second quarter of the year to 149,400 mortgages. This represents 1.33% of […]Read More

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