Leasehold Ground Rents Now Exceed £447 Million Per Year (TC)
The average leaseholder is now paying £319 in ground rent costs every year and have experienced an above inflation rate annual average rise of 5%.
Sales falling through due to inconsistency from lenders on leases
Mortgage lenders need to standardise their policies in relation to lease length in order to stop sales falling through, say experts.
From browsing to buying – time it takes to purchase a property (PIE)
A poll of 2,000 UK home owners assessed the average time it takes to buy a house from browsing, to viewing, making an offer, exchanging and completing. Six months and […]
SLC And UK Finance Collaborate To Standardise Lending Policies On Unexpired Leases (TC)
The Society of Licensed Conveyancers and UK Finance have been working to standardise lending policies on unexpired lease terms to help ease the difficulties many leaseholders are finding when trying […]
CMA Formally Launch Investigation Into Leasehold Market (TC)
The Competition and Markets Authority (CMA) has officially launched its investigation into the leasehold market yesterday, June 11th 2019.
CMA launches investigation into sale of leasehold properties (EAT)
The Competition and Markets Authority has formally launched an investigation into the sale of leasehold properties – including possible mis-selling.
NEWS Solicitor struck off over hidden details from 2008 property sale (LSG)
A long-serving solicitor has agreed to be struck off over a conveyancing transaction dating back 11 years.
Do online agents expect conveyancers to do their work for them? (EAT)
A member of the Bold Legal Group, a legal information and networking organisation says an online estate agency expects him to do some work in a transaction that the agent […]
Does The Leasehold Pledge Adequately Protect Leaseholders? (TC)
In March, 40 house builders and developers signed up to a voluntary 14-point pledge designed to end the practice of unfair and onerous leaseholds.
SRA Report Four Email Scam Alerts In One Day (TC)
The Solicitors Regulation Authority have issued four separate email scam alerts impersonating law firms on the same day.
Mayson spells out hard choices in reforming legal regulation (LF)
The head of the independent review of legal services regulation said yesterday that scrapping regulation based on titles like solicitor or barrister and replacing it with a system based on […]
Swathe of law firms face action after failing transparency test (LF)
Dozens of law firms are at risk of enforcement action from the Solicitors Regulation Authority after a check found that only 25% of websites were fully compliant with the new […]