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Conveyancing and other property related news

All the latest news and updates from the conveyancing and property world

National Housing Audit To Provide New Build Development Baseline Standard (TC)

A new audit is looking at how the design of residential developments has changed in the past ten years in order to help create a baseline standard for new build

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Rob Hailstone June 19, 2019

‘Low quality’ suspicious activity reports swamping system – Law Commission (LSG)

Businesses are sending thousands of low quality suspicious activity reports (SARs) that contain little or no useful intelligence, the Law Commission will tell the government.

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Rob Hailstone June 18, 2019

Conveyancers say over 1m leaseholds could be ‘blighted’ by mortgage restrictions (PIE)

Conveyancers are calling on lenders to standardise their mortgage terms on leasehold properties.

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Rob Hailstone June 17, 2019

Agents warned that older septic tanks could thwart or delay sales (PIE)

Agents with properties to sell in rural areas are being urged to check for septic tanks before marketing commences.

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Rob Hailstone June 17, 2019

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%.

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Rob Hailstone June 17, 2019

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.

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Rob Hailstone June 13, 2019

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

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Rob Hailstone June 12, 2019

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

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Rob Hailstone June 12, 2019

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.

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Rob Hailstone June 12, 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.

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Rob Hailstone June 11, 2019

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.

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Rob Hailstone June 11, 2019

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

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Rob Hailstone June 10, 2019
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