Tenants will be the real victims of the recent interest rate rise
Following The Bank of England’s decision to increase interest rates from 0.5% to 0.75%, industry insiders have revealed that buy-to-let landlords and first-time buyers will be most affected. This in turn means that private tenants will be the real losers as landlords pass the price increases onto tenants through increased rents. Nick Marr, co-founder of […]
Report claims only 27% of legal service users ‘shop around’
A recent report into how consumers are choosing legal services has found that users are driven by many factors, but they are not shopping around for legal services. Shockingly, the report, carried out by the Legal Services Consumer Panel, claims that only 27% of legal service users shop around before using a company. Because of […]
Conveyancer comments on Leasehold reform proposals
Following a recent article regarding leasehold reform possibly not helping leaseholders enough, some conveyancers believe that freeholders’ rights and needs should also be considered. Are ‘multi-millionaire’ freeholders exploiting the system or innocent pensioner investors being ignored? In their critical report on the Law Commissions reforms, Leasehold Solutions claim: “It is also disappointing that the Law Commission […]
