Lifetime Mortgages overtake annuities for L&G
Legal and General have announced £4 billion worth of new business in retirement lending for the first half of the year as Lifetime Mortgages overtake individual annuities. The firm say the EU referendum hasn’t caused any blips in trade as far as they are concerned, with £250 million worth of new bulk annuity transactions executed […]
Scam Alert Round up 4th July
Here are the latest scam alerts as issued by the Solicitors Regulation Authority Emails from “David Lee” of “Mark & Co.” The SRA say they have seen emails claiming to be written by a “David Lee” who states he is a “Senior Partner” at “Mark & Co” The emails come from smzafar.59@gmail.com and claims to […]
Cyber is the largest uninsured risk
The World of crime has been transformed by technology over the last 30 years and cyber is now one of the largest uninsured risks in the UK. Graeme Newman, Chief Innovation Officer at CFC Underwriting, explains cyber insurance – what is it and why do you need it. Full version available to watch at http://www.howdengroup.co.uk/en/prepare-protect-prevent-cyber-liabilities […]
Free Contaminated Land Webinar with Pali
Pali, in conjunction with Groundsure, would like to invite you to join our free Webinar on Contaminated Land.
Welsh Government to take reigns on the principality’s SDLT
Taxes on property transactions in Wales will be handed over to Cardiff Bay with the Senedd passing the legislation enabling them to do so. The two new taxes cover Stamp Duty Land Tax and Landfill Tax and will be renamed the Land Transaction Tax and the Landfill Disposals Tax. The Senedd says they are the […]
CON29 delays are unavoidable for many
Today is D day for the new CON29 format introduced by The Law Society. Over the last couple of months PSG has been in communication with all 326 Local Authorities in England and Wales to find out the state of readiness of each to produce the new CON29 and also provide access the to the […]
ABS firms often “more innovative” according to LSB report
Alternative Business Structure firms are more innovative than their more traditional colleagues according to a report on changes in the legal services market by he Legal Services Board. The report also states more consumers are handling legal matters alone rather than seeking advice with analysis putting this down to better technology enabling online probate applications. […]
Landmark decision means lenders will be able to recover full costs in event of negligent valuations
The Court of Appeal has issued a landmark judgment in a professional negligence case that will have wide-ranging ramifications for lenders. The decision also sets a new precedent, in that it changes the legal principle of causation. Banks, building societies, asset based lenders and surveyors will be affected by the eagerly-awaited decision that means lenders […]
Proposed social care plans impact equity release
Experts have shared their thoughts on the proposed dementia tax and the potential impact it could have on the ability of pensioners to top-up their income through equity release.