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 […]
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, […]
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 […]
Number of mortgages up 27% year on year in Feb – BoE
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 […]
Law Commission open consultation on putting “statutory duty of care” on conveyancers for fraud prevention
The Law Commission have opened a consultation on the future of registration of land and of the Land Registration Act 2002. The consultation, which is separate to the Land registry privatisation consultation, seeks to identify a number of areas for reform, particularly those relating to fraud and asks whether conveyancers or mortgage lenders are actually […]
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 […]