Mortgage lending at over 90% LTV is at highest levels since 2008
A loosening of mortgage lending rules has seen the number of mortgage advances with loan-to-value (LTV) ratios exceeding 90% increase to the highest levels since 2008, according to the latest Mortgage Lenders and Administrators Statistics from the Bank of England. Mortgages above 75% have increased to their highest share since 2007, at 47.5% of total […]
Vistry-led industry coalition calls for ‘Choice-led Shared Ownership’ model
House builder Vistry has called for a new ‘Choice-led Shared Ownership’ model to contribute up to 30,000 homes a year towards the government’s 1.5 million homes target. Vistry is among a coalition of 35 housing sector organisations which have participated in the development of a new white paper showing how the model could accelerate housing […]
Government report questions value of reservation agreements without up-front information
A study into the use of reservation agreements in property transactions, completed in 2024 by what was then known as the Department for Levelling Up, Housing & Communities, concluded there are “practical difficulties” in their adoption, with questions raised about their effectiveness without more information for buyers. The report explored the potential of reservation agreements […]
Solicitor fined £20,000 for ‘reckless disregard and risk of harm’ to his clients
The Solicitors Regulation Authority (SRA) has fined a solicitor more than £20,000 for “a reckless disregard to the risk of harm and his regulatory obligations” over five years. Bryn Roberts, a sole practitioner at Evan Roberts in Machynlleth, Wales, was fined £20,148 and ordered to pay costs of £1,350. The SRA found Roberts had breached […]