Home ownership divide to widen as open letter calls on government to tackle ‘outdated legislation’
The divide between those able to afford to own a home and those not will grow without intervention warns the Building Societies Association (BSA) in a new report. The long-term strategy report Finance for a Fairer Future from the BSA warns home ownership will become the “central dividing line of financial security in Britain by […]
New platform promises ‘transparency for all’ in property transaction process
A new platform promises to offer a shared live view of a property transaction to every party involved, including conveyancers, home movers and estate agents. Co-founded by practising solicitor Gordon Sewell, with Jen Sewell and Wayne Quinn, CentreMove aims to replace phone calls, forwarded emails and the “second hand updates” its creators say define the […]
Combined tool offers lease term and extension costs estimate
The Leasehold Advisory Service (LEASE) has combined its recently launched lease length checker and lease extension calculator into a single, easier-to-use service. LEASE announced in February it had launched a free online tool that allows leaseholders to check how long is left on their lease by entering their postcode as part of a digital drive […]
Commonhold: with great power comes great responsibility
The draft Commonhold and Leasehold Reform Bill pledges to put more power into the hands of leaseholders. But Leasehold Enfranchisement specialist and ALEP member Lucy Riley suggests that may not always result in positive outcomes. She sets out the issues with the government’s bill and the potential impact on buying into commonhold properties. There […]