Director at Lloyds appointed Chairman of CML
Stephen Noakes, the mortgages director of Lloyds Banking Group, has been appointed chairman of the Council of Mortgage Lenders. He will start at the beginning of January, taking over from Nigel Terrington, chief executive of the Paragon Group of Companies, who has been chairman for the last year. Stephen Noakes joined Lloyds Banking Group in […]
New data released on mortgage lending by postcode
The major mortgage lenders have published details of their total outstanding residential mortgage lending (including most buy-to-let lending as well as home-owner lending) broken down over 9,030 postcode sectors across Great Britain. The aggregate mortgage data, compiled by the CML, covers Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, Santander UK, RBS, and Clydesdale and […]
SRA finalises firms without insurance
The Solicitors Regulation Authority (SRA) has finalised the work it needs to do to identify firms that have failed to secure a new insurance policy and are in the Extended Policy Period (EPP). Those firms have to find cover or properly close their practice by 29 December 2013. The SRA established that, as at 16 […]
Gross mortgage lending up 30%
According to the latest figures from the Council of Mortgage Lenders there was an estimated £17 billion of gross mortgage lending in November. Despite this being 4% lower than October’s figure of £17.6 billion, this was up 30% from the £13 billion lent in November 2012. CML chief economist Bob Pannell said: "Gross lending for […]
Quick house sale companies commit to improvement
We reported back in August that the OFT had launched an investigation into several quick house sale firms for alleged unfair practices. The OFT concluded that quick house sale companies can provide a beneficial service for people who require a fast sale of their home, but identified some business practices that may not comply with […]
Land Registry announces enhancements to e-DRS
The Land Registry has made a couple of enhancements to their electronic Document Registration Service (e-DRS) to save customers time and money. The first allows you to send electronic applications to extend the term of an existing registered lease via the Land Registry portal. Secondly they have increased the file size limit for e-DRS attachments […]