Borrower’s solicitor not liable for bank’s loss because it should have realised her error (LF)
A bank that relied on inaccurate information supplied by its borrower’s solicitor should not have won a negligence claim against her, because it failed to carry out its own checks, […]
2018 sees housing market activity build (TC)
New data has revealed that January saw a 37% increase in the number of people in search of a new home.
Sales progression costing more for high street agents as online firms fall down on the job (PIE)
Traditional agents are being increasingly forced to step in to ensure that chains don’t collapse where sellers have chosen online firms – and are having to take the hit on […]
New fund aims to speed up planning decisions (TC)
The government has announced new funding to help speed up decisions around planning and improve the pace of delivering quality new homes.
Law firms dealing with insurance products given breathing space over new rules (LF)
Personal injury lawyers, conveyancers and other solicitors who arrange or advise on insurance policies have been given a stay of execution from complying with new rules under a European directive […]
The move to commonhold begins
Last week saw the launch of an 8 week Law Commission’s call for evidence as part of the reform of Commonhold legislation.
New industry group explores binding offers to improve home buying process (PIE)
A new property industry group made up of some of the sector’s biggest names is to explore the option of binding offers or reservations in order to reduce fall through […]
£8,000 a year ground rent bill for buyers already and rising towards £8m
£8,000 a year ground rent bill for buyers already and rising towards £8m – as watchdog warns time’s up for leasehold.
Law firm was negligent in property purchase but clients would have gone ahead anyway, court rules (LF)
A Kent law firm was negligent for failing to advise properly on a mortgage and valuation report.
Property owner who allowed Japanese knotweed to spread found liable for all costs
A property owner who allowed Japanese knotweed to spread across her property to the extent that it put the value of an adjoining property at risk, was ordered by the […]
Could subsiding legal fees help FTBs? (TC)
A new report has proposed a number of steps which could help first-time buyers make their way onto the property ladder.
Law Commission seeks conveyancer’s feedback on commonhold call for evidence (TC)
The Law Commission is seeking the views of conveyancers and property professionals to help shape a law which could help people own their flats outright.