Lenders report drop in quality of applications (MS)
Mortgage lenders say that a deterioration in the quality of applications is causing bottlenecks and making it harder for them to maintain good service levels.
Statements of truth (PG73)
Information about the use of statements of truth in support of applications to HM Land Registry (practice guide 73).
Requisition and cancellation procedures (PG50)
Advice on how to avoid requisitions on applications and our procedures where they do need to be raised (practice guide 50).
Time for vendor disclosure to replace caveat emptor? (LF)
The longstanding principle of caveat emptor could be displaced by vendor disclosure because of the rapid adoption of technology due to lockdown, experts have suggested.
Call for urgent action ahead of stamp duty holiday deadline
Solicitors’ leaders are calling for urgent action to be taken to ease growing pressure in the residential property market ahead of the stamp duty land tax (SDLT) holiday deadline on […]
Allow sales that have exchanged to have stamp duty holiday – call (EAT)
A law firm wants the government to agree that properties that have exchanged but not yet completed can definitely benefit from the stamp duty holiday ending on March 31.
Tax Bombshell: CGT could double under new proposals
A report commissioned by the government suggests a doubling of Capital Gains Tax on profits from the sale of second homes.
Warning: Emails being sent from email addresses ending with “ashtonlegals․co․uk”
Emails being sent from email addresses ending with “ashtonlegals․co․uk”
Solving conveyancing delays is a ‘bigly’ problem (PIE)
The inherent problems in conveyancing are being exposed by a number of issues including increased caseloads and a refusal by law firms to recruit more staff.
RICS’ new survey will be “real change” to improve buying process (EAT)
The Royal Institution of Chartered Surveyors says its new Home Survey Standard will be implemented from March and will represent a “real change” for the buying process.
Fall-throughs threat: Buyers will pull out if they miss SDLT deadline (EAT)
A survey of people currently buying property suggests as many as a quarter may pull out if they know they’ll miss the stamp duty holiday deadline.
Coventry stops accepting furlough income despite scheme extension (MS)
Coventry Building Society has stopped accepting furloughed income on applications from new customers, despite the chancellor extending the scheme until March.