Shared Ownership: the impact on conveyancers and its long-term viability for first-time buyers
As of April this year, the government have relaxed eligibility rules meaning households earning less than £80,000 and £90,000 in London can now use shared ownership schemes to own property. When the average national price of an entry level property now costs £140,000, should the first-time buyer look towards government shared ownership schemes as a […]
Northern Ireland ‘memorandum of understanding’ could be blueprint for England and Wales
In March this year, solicitors, surveyors and estate agents in Northern Ireland agreed to a memorandum of understanding (MOU) to improve communications between all parties. The agreement, which offers “another layer of reassurance of ‘best practice’ in home-buying and selling”, could now be used as a template for the conveyancing process in England and Wales. […]
New role for risk and compliance expert at Legal Eye
Legal Eye’s Senior Compliance Manager Helen Glaze has been promoted to the newly created role of Head of Risk, Compliance and Best Practice. The change is in recognition of Helen’s strong technical knowledge and her increasing involvement in the senior leadership team especially in the areas of strategy and management. In her new role Helen […]
Mortgage advisers reveal significant rise in homes valued below sale price
There has been a “significant” increase in the number of homes being valued below the sale price according to some of the UK’s largest mortgage advisers. In England, buyers who need a mortgage must instruct a surveyor to carry out a professional valuation of the property they intend to purchase. And, banks and building societies […]
