Repossesion at seven year low
According to new figures, reposession cases are at their lowest level since 2007. The news comes at the same time that Bank of England governor Mark Carney said the UK housing market is generally recovering, on the BBC’s Andrew Marr show. Richard Sexton, director at e.surv chartered surveyors, said: "Falling homeowner arrears and repossessions are […]
Consumers relying on estate agents to decide conveyancer
A recent survey has revealed that most home buyers rely on recommendations from their estate agents when looking for a conveyancer. The annual report was carried out by the Property Academy in association with the TM Group and more than 4700 consumers across England and Wales took part. The findings showed that 68% of home […]
More evidence of a booming mortgage market
New research has revealed that home lending soared by a quarter this January, the best it has been since 2007. Monthly house purchase approvals climbed to 65,142, while monthly home loans increased by 24 percent in the month leading to January. The lending surge has been attributed to lenders creating a pipeline ahead of the […]
Solicitor adds to sentence
A solicitor in Birmingham has had another year added to his four-year prison sentence on multi-million pound mortgage fraud charges, after trying to force a key witness to sign a false statement to vindicate him. The court was told that Kamran Malik coerced the witness into going to an Italian restaurant and signing a pre-prepared […]
Welsh council blocks right to buy
A Welsh council is attempting to combat a shortage in affordable housing by blocking the right-to-buy policy. Swansea City Council can suspend the policy under new powers passed to the National Assembly for Wales which allow councils to opt out of the scheme, with the Welsh government making the final decision. In the last ten […]
Conveyancer disqualified for 16 years
A conveyancer has been disqualified for a total of 16 years following an investigation by the Insolvency Service. Malcolm Graham ran SFM Legal Services Ltd and was originally disqualified from being a director for five years, before receiving a second ban of 11 years for misrepresentations that led to over 29 million in losses to […]
Conveyancing – it’s not a postcode lottery!
In her latest blog, Head of Property at Goldsmith Williams, Lynne McCaffrey, highlights the hidden charges that often come with buying a property. “I don’t know if it’s the weather but I’ve been daydreaming a lot lately about holidays. I picture basking on a beach, topaz-coloured sea lapping the shore, maybe a cheeky cocktail in […]
