Will Property Log Books Improve Market Efficiency? (TC)
The idea of launching property log books was levied by the ministry of housing at the end of last year to stem the flow of failed transactions that are costing […]
Law firm has “no real prospect” of defending £5.2m claim (LF)
A London law firm has “no real prospect” of defending a £5.2m breach of trust claim brought against it following a London property deal, the High Court has ruled.
Government promises private tenancy law reform – but does not say when (LSG)
A Thatcher-era reform introduced to encourage the then-moribund private rental market is to be reversed under proposals announced by the prime minister today.
TSB has become the first UK bank to pledge to refund customers who fall victim to any type of fraud
Scam victims are to be reimbursed in full by TSB, which today becomes the first bank in Britain to offer a fraud refund guarantee. Telegraph Money has long called for […]
New Buying Method Doubles Conveyancing Transaction Process (TC)
The new modern eBay-style online property auction, which is meant to cost buyers thousands of pounds in extra fees, grants a much longer transaction timeframe.
Government announcing intention to abolish Section 21 today (PIE)
The Government is today announcing its intention to abolish Section 21, so-called ‘no fault’ repossessions in the private rented sector.
Digitisation Of The Mortgage Process Increasingly Appealing To Consumers (TC)
The mortgage and remortgaging sector solidified their transition into digitisation this week with the announcement that Moneysupermarket are launching a comprehensive remortgaging price comparison tool and HM Land Registry’s update […]
Land Registry successfully transfers house using blockchain
A trial of blockchain involving the digital transfer of property ownership has been completed by HM Land Registry.
Is Help To Buy a Rip Off? First time buyers pay 12% premium (EAT)
First time buyers purchasing new homes using the government’s Help to Buy equity loan scheme paid on average 12 per cent more in February 2019 than those buying new homes […]
Firm Loses £600K In Conveyancing Scam (TC)
Fraudsters deceived Woodfords Solicitors by using a phony email to trick them into sending more than £600,000 from the proceeds of a client’s house sale to their bank account.
Help to Buy ‘encouraging’ first-time buyers to purchase more expensive property (PIE)
Analysis by conveyancing comparison website Reallymoving has found that first-time buyers using Help to Buy are now paying 12% more than those buying secondhand homes.
Law firms failing to disclose conveyancing fees despite transparency rules (PIE)
Home buyers are still being misled over conveyancing charges despite transparency rules on fees being introduced in December 2018.