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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]