Homeowners looking to reduce their electricity bills may be tempted by offers of free solar panels. But before signing up to any such offer, property owners should think twice.
Vince Cable has been invited by the Law Society to intervene and mediate in Conveyancing Solicitors’ ongoing dispute with Mortgage Lenders.
Current interest rates are at an all time low. As well as causing pain for savers, there is little gain for house hunters, as major lenders are refusing to pass on interest rate cuts to purchasers. Furthermore, lenders are asking buyers to put down a significant deposit, or pay a more expensive mortgage. Nationwide, one […]
Following my recent blog, New Build Conveyancing in Turmoil – as Lenders Make Tens of Thousands of Properties Unmortgageable, two more lenders have declared that they will no longer accept Zurich Insurance as a new build warranty. Earlier this week, Norwich and Peterborough Building Society and Astra Mortgages removed Zurich from their list of acceptable […]
A number of major of lenders’ have overreacted to Zurich announcement to exit the Home Warranty and Building Control Market. 98 of Lenders in the UK publish their requirements to conveyancers through the CML Lenders Handbook. That handbook requires lenders to specify what building warranty policies are acceptable to them when lending on properties […]
In the lead up to the October deadline for solicitors’ practices to renew their insurance, as was the case last year, the press have picked up on the fact that solicitors’ practices which happen to be sole practitioners or with a small number of partners are the ones that are being penalised the most. […]
Conveyancing solicitors on a mortgage lender’s approved panel normally act for the buyer and lender but the conveyancing system can facilitate property fraud as the solicitor involved is responsible for ensuring that money reaches the right party and that a charge is registered against the relevant property. Lending mutual Co-operative Financial Services has been urged […]
How C&G have created a need for lease extensions