Month: March 2016

Property Market

Number of mortgages up 27% year on year in Feb

The number of mortgages secured on dwellings in February was 118,994 according to the Bank of England, representing a 27.0% increase on the number of mortgages in February last year. This includes 65,420 loans for house purchase, 40,846 mortgages and 12,728 others. In terms of growth, comparing last year to this year, the change from […]Read More

Insight

The privatisation of the Land Registry

The government quietly announced plans to privatise the Land Registry on the evening before the Easter holiday weekend. A consultation period has been launched by the Department for Business, Innovation and Skill until the 26th May 2016. Original plans to sell off the agency during the coalition government in 2014 were blocked by Vince Cable, […]Read More

Insight

One man, two guvnors

A lender is free to appoint any person it thinks fit to act as a receiver. While it is usual to expect receivers to have sufficient experience to deal with the appointment, there is, surprisingly, no statutory requirement for any qualification or experience. This explains why some professionals taking on the role of receiver don’t […]Read More

Firms & People

Save the date – Legalex 2016

Registration is now open for LegalEx 2016. The show takes place on 11th & 12th May 2016 at ExCeL, London, so save the date in your diary and secure your free ticket today! Once again, Legalex has attracted the most amazing lineup of speakers. During the event, you can hear from Lesley Batchelor (Director General […]Read More

Insight

Conveyancers breathe sigh of relief as SDLT deadline passes

Conveyancers across England and Wales have breathed a sigh of relief as the effective deadline for transactions ahead of the new SDLT passes. While CHAPS operating hours are set to be extended in the coming months, today the service closed as usual, despite transactions being eligible for lower SDLT until midnight. Many conveyancers have reported […]Read More

Organisations

Former Chief Land Registrar lays into Government over plans to

John Manthorpe, the former Chief Land Registrar has criticised the government over it’s plans to privatise Land Registry. The government published the consultation at 5pm on Thursday 24th March, before the long Easter weekend. Writing to both the government and shadow ministers, the former Chief Land Registrar said: “The Registry’s independence from commercial or specialised […]Read More

Environment

Mine oh mine

They say that if you look down a hole in the ground anywhere around the world you’ll find a Cornishman looking for metal. Tin mining was rife in the early 19th Century, but most would assume that the days of obtaining coal and other minerals are long behind us. Mining in Cornwall began in approximately 2150 […]Read More

Fraud

Scam Alert Round up 28th March

Here are the most recent scam alerts issued by the Solicitors Regulation Authority (SRA). Emails claiming to be from Colin Goldring, Consultant of Justice Solicitors* Members of the public say they’ve received emails claiming to be from Colin Goldring of Justice Solicitors about an investment. It invites the recipient to put £10,000 into a UK […]Read More

Firms & People Fraud

LMS launches anti-conveyancing fraud tool

Conveyancing panel provider LMS has launched a new anti-fraud tool called AccountChecker which they say will help prevent the misdirection of funds to bogus firms. LMS say the service, which will be available at no additional cost, will rely directly on more than 5,000 bank account records that they have collated in developing PanelLink. In […]Read More

Firms & People Organisations

SearchFlow comments on HMRC’s latest release of UK Property Transaction

HMRC has revealed that residential property transactions have increased by 5.5% between January 2016 and February 2016. The seasonally adjusted figure is 16.1% higher compared with the same month last year. The number of non-residential property transactions has increased by 10.9% between January and February 2016, which is 12.7% higher compared with the same time last […]Read More

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