Right to Buy scheme fraud sees solicitor jailed
A solicitor has been sentenced to jail after helping an overseas client to buy a flat in Waltham Abbey, as part of the UK’s Right to Buy scheme. Co-defendant, Sarah-Jane Foster was able to buy a £125,000 Epping District Council flat with the help of solicitor, Katherine Gadsby, at a 50% discount rate in May […]
Landlords benefit from tumbling mortgage charges plus longer fixed rate deals
Dramatic drop in extra costs of buy to let due to mortgage fees, for all except the highest LTV loans Short term fixes now less prevalent, as longer initial terms form a growing proportion of mortgages Almost 1 in 5 of all available buy to let mortgage products (19%) are now five year fixed rate […]
London’s new build hotspots to provide half a million new homes
Hotspots in Southwark, Tower Hamlets, Islington & Hackney set to lead London’s future home developments New build projects in the capital could deliver 570,000 extra homes, enough to match expected need by 2024 Population growth of almost one million in next ten years likely to be housed without touching green space An additional £200 billion […]
Regentsmead Helps Judas Priest Star Rock the Property World
Regentsmead, the UK’s leading provider of residential development finance, have found their golden touch once again, helping one of their clients to scoop three major gongs at the recent UK Property Awards hosted in Grosvenor Square. Grammy award winning guitarist and founding member of rock group Judas Priest, KK Downing has now realised his vision […]
FCA fines Yorkshire Building Society £4,135,600 for failings in dealing with customers in mortgage arrears
Yorkshire Building Society (YBS) has today been fined £4,135,600 for failings when dealing with its mortgage customers experiencing payment difficulties. Between 1 October 2011 and 31 July 2012, call handlers at YBS, dealing with customers in payment difficulties, failed to deal properly with these customers in order to identify promptly the cause of their problems […]
SearchFlow Sentiment Survey finds conveyancers need more clarity around new CON29
Market stability boosts recruitment confidence New research from SearchFlow, the UK’s leading conveyancing search provider, has found that potential changes to the CON29 report is causing confusion amongst conveyancers. SearchFlow’s third Conveyancer Sentiment Survey has found that 53% of conveyancers surveyed are unaware of the proposed changes. Three-quarters (75%) of conveyancers recognise the need for […]
e.surv launch relationship with Pure Retirement
e.surv has today announced a tie-in with equity release provider Pure Retirement. The relationship builds further on e.surv’s position as the primary valuation provider in the equity release space. Equity release cases currently account for approximately 1 in every 20 valuations e.surv complete — a figure they are looking to expand through the tie-in with […]