New mortgage lending increases, but figures ‘are a mirage’
The value of new mortgage lending agreed to be advanced increased by 11.5% in Q1, to £78 billion, a 14.2% year-on-year increase. The value of gross mortgage advances decreased by 12.3% to £69.6 billion, 10.2% lower than a year earlier. The figures were revealed in the Bank of England’s quarterly Mortgage Lenders and Administrators Return, […]
Conveyancing firm completes digital purchase transaction in ‘new digital property milestone’
Amity Law, a property law firm specialising in residential conveyancing, has completed its first digital purchase transaction using PEXA. The transaction marks an important milestone in the adoption of a digital completions process in the UK property market, the companies said. The transaction saw the Bolton-based firm experience the live completion environment via PEXA’s FCA-regulated […]
Mining Remediation Authority and British Geological Survey launch online resource of 120,000 mine plans
The Mining Remediation Authority (MRA), formerly The Coal Authority, has announced the launch of a free online tool providing public access to thousands of historical coal mining plans. The digital maps are now available on all devices and offer an “extraordinary view into the history of local landscapes, mining operations, and the lives of the […]
Cornish leasehold forfeiture ‘Ponzi scheme’ claims to be heard in High Court
A district judge in Truro County Court has decided that two lease forfeiture claims currently being case managed and listed together will be heard in the High Court. Simon Dinnage & Anor v SMCFO Holdings Limited & Anor concerns the forfeiture of long commercial leases of units within a building known as 75 Truro Road, […]
Profile: Emily Holland, residential conveyancer at Pearson Hards Solicitors
Emily Holland joined Pearson Hards in 2017 to assist the senior conveyancing manager and now has her own caseload of files. During her time at the firm she has developed considerable knowledge and experience about the conveyancing process and enjoys working with clients to help them through the conveyancing process. Emily understands moving house is […]
The SRA’s client money reforms are well-intentioned. But will they actually work?
Compliance specialists Jen Dunlop and Jess Irwin agree the client money system is in need of reform and welcome action by the SRA. But the Compliance Office MD and senior risk consultant question whether the plans will work in practice – or cause more problems than they solve. The losses at Axiom Ince and […]