Legal Compliance Update – August 2021
Regulators really are busy at the moment! Solicitors Regulation Authority Another five firms have been fined for AML breaches, which follows on the heels of six that were recently fined £800 each with £600 costs; it is of note that two of these firms held the CQS accreditation and another two held the Lexcel accreditation; […]
Salcombe cracks down on second homes
Salcombe in Devon is the next in a string of second home hotspots to tighten its planning rules by seeking to enact section 106 agreements on new build properties. St Ives, Fowey and Mevagissey have all previously voted to ban the selling of newbuild properties as second homes by passing neighbourhood plans stipulating planning conditions […]
Equity release activity nears pre-pandemic levels in Q2 as existing customers return
The Equity Release Council has published its Q2 2021 equity release market statistics which show that lending is nearing pre-pandemic levels as existing customers return to the market. Statistics show an increase in consumer confidence as 20,352 new and returning customers accessed property wealth between April and June, up from 16,527 in Q1 2021 and […]