Help to Buy sees £1 billion of lending
During the last three months over 6000 people have put in offers on homes and applied for a mortgage thanks to the Help to Buy scheme. The latest statistics released by the government show that nearly 750 purchases have already been completed through the scheme. Once approved these mortgages would represent nearly £1 billion of […]
Will flooding leave conveyancers in hot water?
The Met Office has warned that the worst storms the UK has seen for 20 years are set to continue, with 70 flood warnings in place throughout England and Wales and a further 217 areas on flood alert. The continued rain will undoubtedly cause further disruption and the Environment Agency has warned heavy rain may […]
Daily Mail reports on Chancel Repair Liability
The Daily Mail has warned their readers of the dangers of Chancel Repair Liability in their story “Homeowners face huge bills for repair to churches under ancient laws – regardless of their religion”. The story published on the 30th December details the threat to homeowners saying that: “Letters have been sent to more than 12,000 […]
November sees over 70,000 mortgage loans approved
The latest Money and Credit Report from the Bank of England has revealed 70,758 mortgage loans were approved in November. This was considerably higher than the six month average of 62,999 with the increase equating to £0.9 billion compared to October. The number of approvals for remortgaging was 34,642 compared to the average of 34,405 […]
More than half think 2014 time to sell
According to the latest Halifax Housing Market Confidence Tracker 51% of the British public think that 2014 will be a good time to sell property. This is the first time since April 2011 that the survey has shown a majority positive sentiment with only 39% thinking 2014 will be a bad time to sell. Sentiment […]
STL launches new enhanced search
STL has launched an enhanced Regulated (Personal) Local Authority Search which includes: – A unique new interactive ‘Summary for Conveyancers’ — this identifies key points and matters revealed (which conveyancers may wish to highlight to clients or investigate further), recommendations for further actions and details of any hazards identified for the property address – an […]
