Pete Thomson, Managing Director of Residential Property Solutions, said: “The CMLs latest repossession figures confirm that approximately 50,000 homeowners will have their properties repossessed this year. To date, the government mortgage rescue scheme has helped
Over the last ten years I was lucky to work with a panel manager that enabled me to go into many conveyancing firms from the largest to the smallest and look at the way that
Data obtained by Today’s Conveyancer shows that 226,000 applications were made to Land Registry in April by account holders. This figure included commercial work, social housing and applications such as name changes by lenders. Some
The weekend press has been full of comment about the impact of the suspension of Home Information Packs and also the expected announcement of an increase in the rate of Capital Gains Tax from 18%
The Legal Services Consumer Panel has produced a report this morning calling for key changes to referral payment rules. Focusing on conveyancing and personal injury the report has found that nearly a quarter of consumers
The British Bankers Association has reported that in April mortgage approvals for purchases have risen from just over 35,000 transactions in March to 35,729 mortgages per month, less than one additional transaction for every conveyancing
Greenlight the award winning full service search marketing agency has conducted a report into the most successful internet legal services businesses. By using industry data to classify 1000 of the most popular search terms that
Land Data issued a press release last Thursday supporting the swift decision by the coalition to suspend Home Information Packs but went on to ask for "official authoritative searches to be made compulsory in all
PR Week has reported that Land Registry has cancelled a marketing tender and contract that it had planned to create a single marketing strategy for its whole business operation. Today’s Conveyancer has spoken to a
Communities Secretary Eric Pickles and Housing Minister Grant Shapps today announced that with immediate effect, they are suspending the requirement for homeowners to provide a Home Information Pack (HIP). Pending primary legislation which would be
Ashley King Managing Director of Simply HIPS and a key industry figure in the development of the exchange ready HIPs has expressed his "utter disappointment" at what he considers to be the disgraceful way in
A link to the full order The Home Information Pack (Suspension) Order 2010 No. 1455 And The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) (Amendment) Regulations 2010 No.1456
Last week the Post Office launched a 90% loan to value mortgage. Britannia and Coop also have similar products. As of tomorrow Skipton Building Society is reported to be launching a 95% loan to value
From the 1st June 2010 the LSB has approved the new SRA’s Disciplinary (Procedure) Rules [2010] The SRA will be able to exercise its new statutory powers to give written rebukes and/or impose a penalty
The Legal Services Board has produced its long awaited report into the impact of referral fees on the market for legal services with what some may see as surprising conclusions. In a detailed report it
The CML monthly report for mortgages indicate 45,000 purchase loans in March with 28,000 remortgages. This is a significant month on month increase and year on year increase for house puchases. The home purchase mortgage
Rightmove House Price Index for May has measured a substantial jump in unsold stock per estate agency branch increasing from 68 to 71 between March and April a three month trend of increasing stock.
Malcolm Tarling a Spokesman for the Association of British Insurers has informed Today’s Conveyancer that there are on going discussions between the ABI and the Solicitors Regulatory Authority to try to address the growing concerns
Grant Shapps has been appointed as Housing Minister. Shapps is well known for his clear dislike of HIPs and has not missed an opportunity to vow make it one of his highest priorities if
The Law Society Survey into last year’s Professional Indemnity Insurance renewals has been reported on. It reveals some interesting results that all solicitors should consider. Despite all the reports about issues for firms 4 out
The Property Code Compliance Board suspended HIP Save Ltd and HIPserve (UK) Ltd has cancelled the registration as a subscriber to the HIP Code of Practice for failure to comply with PCCB registration rules. Back
According to The Telegraph, Toscafund, a financial management firm has been inviting some borrowers to redeem mortgages at between 15% and 20% below the "normal" redemption figure. Apparently Toscafund has been busy spending £255M
Early indications from results in the exit polls and first two results show a swing to the Conservatives but without a sufficient number of seats to form a majority. For Conveyancers that could potentially result
HSBC has reduced by 0.5% the rates for first time buyers on its tracker mortgages for those with a 10% deposit. It wasn’t that long ago when first time buyers needed to put down considerably
How the public choose a lawyer is the subject of further research released this week. The Gazette has reported that research commissioned by www.legallybetter.com has found that just over a fifth of clients would
On Thursday 1st April what would otherwise have been a really bad April fools joke was confirmed as a reality. The Financial Serivce Authority announced that Quinn the Irish Insurance company had been placed into
HMRC month residential property transaction figures indicate that the last quarter and the last month have had considerably more housing transactions than for the same period in 2009. Residential property transactions in February 2010 for
Stamp Duty threshold changes for first time buyers are effective for completions today. First time buyers will have the threshold for stamp duty raised to £250,000 but it remains a little unclear how a
Skipton’s decision to withdraw from its “guarantee” standard variable rate promise has resulted in a letter before action suggesting a potential class action. Many lenders are facing the daunting prospect of having borrowed money on
Whilst UK residential property only accounts for 13% of Savills global revenue conveyancers may be surprised to learn that Savills saw this area of its business as a key success story last year. Revenues grew
UHY Hacker Young a top UHY Hacker Young a network of accountancy firms incorporating over 88 partners reports that HM Revenue and Customs appear to be adopting a new technique of trawling HMLR data to