Fri 16 Jul 2010

Help! My Survey has revealed Asbestos at the property!

I came across a full building survey report property recently which highlighted the presence of asbestos. Upon reading the report both I and the client were concerned at the mention of there being asbestos and we will be pressing the seller’s conveyancer to have his client arrange an inspection by a specialist for advice on how to remove/deal with it.

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Wed 14 Jul 2010

Why should you get a short lease extended before you buy a property?

When buying a leasehold property it is very important find out, very early on, how many years there are left on the lease; i.e. the unexpired term. If the term is for less than 75-70 years then you should find out from the seller whether he is prepared to serve Notice on the landlord to extend the lease.

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Tue 13 Jul 2010

Which? Magazine list Fridays as Cheapest July 2010

Which Magazine in their July edition about Home Information Packs (which are no longer required to sell your home) and Energy Performance Certificates (which are) has listed Fridaysmove at the supplier of the cheapest standalone EPC!

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Tue 13 Jul 2010

FSA to ban Self Cert Mortgages

According to Reuters (13. 7. 10) FSA are to ban ‘self cert’ mortgages as new rules will require evidence of income to be produced. 'Self cert' mortgages are where a borrower has obtained a mortgage by self certifying his income, i.e. they have not produced evidence of their income to the lender.

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Wed 07 Jul 2010

Major firm Halliwells suffer due to the economic downturn

One of the largest regional firms in the UK, Halliwells, whose headquarters are based in Manchester,   are currently in talks with other major firms based in the North in relation to an acquisition of Halliwell’s business.

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Tue 06 Jul 2010

Six Mortgage Advisers Banned by the FSA


Six mortgage advisers were banned by the Financial Services Authority (FSA), yesterday, due to mortgage fraud. One of them was fined £130, 000 and the total number of brokers to have been banned this year is now 91. Click here to read the full report by 'IFAonline' published on 5 July 2010.

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Fri 02 Jul 2010

Mortgage Lending to toughen up over the next three months

According to BBC online news on 1. 7. 10, lenders are warning that there is going to be a new squeeze on mortgage availability. Although, we have seen improvements recently in the mortgage market, it is feared that this will not last and lending is to get tougher, they say, based on reports from the Bank of England. It is anticipated that we will see a squeeze on mortgages over the next three months.

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Tue 29 Jun 2010

The New Build market faces uncertainty


According to Taylor Wimpey, one of the largest builders of new build properties, the future is uncertain in relation to new build construction.

They flagged up concerns yesterday in relation to planning issues relating to a shortage of land with planning consent and anticipated changes to planning legislation. Click here to read the full report.

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