Agents told to expect higher PI premiums after negligent valuation case (PIE)
Estate agents have been warned to expect higher professional indemnity insurance premiums in the wake of a Court of Appeal ruling that found in favour of a lender which claimed […]
Landmark decision means lenders will be able to recover full costs in event of negligent valuations (TC)
The Court of Appeal has issued a landmark judgment in a professional negligence case that will have wide-ranging ramifications for lenders. The decision also sets a new precedent, in that […]
SRA responds to LSB market evaluation
The Solicitors Regulation Authority has welcomed a report by the Legal Service Board as a sign that legal services are moving in the right direction, but that there is still […]
Land Registry privatisation decision delayed until new PM is in place
The controversy over whether the Land Registry should be sold off will now not be resolved until a new Prime Minister appoints his or her new government.
Half a million have opened Help to Buy ISAs according to Treasury (TC)
More than 500,000 have opened Help-to-Buy ISAs according to the Treasury.
LSB: new Legal Services Act needed to finish the job of market reform (LF)
The Legal Services Act 2007 has improved quality and, to some extent, competition in legal services, but further legislative reform is necessary to complete the liberalisation of the market, the […]
Government signals second thoughts on Land Registry sale (LSG)
Controversial proposals for a sell-off of Land Registry operations could face defeat in parliament, a government minister conceded today.
Estate agents reports 11% increase in buyers pulling out of house sales over Brexit weekend (TC)
The number of buyers pulling out of transactions rose 11% on the last weekend of June compared to the last weekend of May according to haart estate agents.
Housing market turnover expected to bear brunt of Brexit uncertainty (PIE)
Transactions are expected to slow rather than house prices fall in the wake of the EU vote, says Hometrack.
Hometrack warns Brexit will trigger “sizeable decline” in transactions (EAT)
Hometrack is the latest property organisation to forecast that the referendum result will impact turnover far more than house prices in near term.
Consumer panel renews push to force law firms to publish prices and complaints records (LF)
Making law firms publish details of complaints and average prices on their websites will significantly improve the legal market for clients, the Legal Services Consumer Panel has argued.
Brexit briefing: Everything you need to know about Article 50 (LSG)
Article 50 of the Treaty on European Union (TEU) sets out the process for a member state to withdraw from the EU.