The board of the Financial Ombudsman service has announced that Chief Ombudsman Natalie Cenney has stepped down after almost four years with the service. During her time in post the service expanded to deal with Read More
According to the latest data from the Council of Mortgage Lenders the number of mortgages in arrears and the number of repossessions fell in the third quarter of the year. The total number of mortgages Read More
The latest CML data has shown that lending during the third quarter of 2013 was at its highest quarterly level since 2007. Gross UK mortgage lending was £16.2bn in September, despite a fall of 14% in monthly Read More
The latest RICS Residential Market Survey shows that the gap between supply and demand is at its highest imbalance since May 2009. This imbalance between supply and demand has led to a widespread improvement in market Read More
The Council of Mortgage Lenders (CML) has informed the Law Society that some lenders will be writing to panel firms this month to inform them of plans to move to a single supplier of panel Read More
Introduction This case raised a very interesting issue as to whether there was an effective agreement to create a charge. It will be of interest to conveyancers and banking and finance litigators for the helpful Read More
Housing Minister Kris Hopkins said last week that over 900 builders were planning to offer the Help to Buy equity loan scheme. He urged even more builders to get involved. Over 600 of those signed up are Read More
The TaxPayers’ Alliance has launched their Stamp Out Stamp Duty campaign in a bid to ease the burden created by the tax in the 2014 Budget. The non-partisan pressure group hopes to use their influence to Read More
In its five year forecast agent Savills has predicted average prices will grow 25% over the next five years with a 17% increase in the next three years alone. The analysis from Savills suggests that the South Read More
The Building Societies Association (BSA) has said that 43% of active first time buyers and other home movers are confused about the benefit the Government’s Help to Buy scheme will give them. Their research showed Read More
Speaking at the Council of Mortgage Lenders’ annual conference the CML Chairman stressed the importance of a planned exit strategy from the Help to Buy scheme. He said that the scheme needed to be time-limited Read More
In the 12 months since extending its service to 24 hours, telephone answering specialist Moneypenny has seen a ten-fold increase in the numbers of calls received between 8pm and 8am with legal firms accounting for more than 75% Read More
Convey Law, one of the largest specialist residential conveyancing companies in the UK, has been awarded the Legal Eye Quality Standard. The award follows a six month review process with the legal consultancy during which Read More
Simon Wilson, Peter Holder and Anne O’Keefe, Partners at Advisory and Restructuring specialists Zolfo Cooper, were appointed Joint Administrators over Harris Cartier Limited on the 11th October 2013. The Administrators were appointed as a result Read More
myhomemove, the UK’s leading supplier of mover conveyancing services, has been named as the Supplier of the Year: Technology at this year’s Negotiator Awards. The awards, held in London last night, saw prizes Read More
Introduction Anis Waiz solicitor and head of Commercial litigation at Curtis Law Solicitors, continues his critical review of current case law. In this case the Court of Appeal considered two important points of law Read More
It is budget time again and most of us have our noses in next years’ financial plans. This time last year we at Legal Eye were planning for 2013 and beyond which was reflected in our Read More
Lenders are launching a tough crackdown on “accidental landlords” who let out their own homes without telling their bank. It is thought that in order to avoid a higher interest rate or switch to more Read More
September house prices rose 1.5% from August with the average house price in England and Wales reaching £167,063. The latest Land Registry House Price Index showed an annual house price increase of 3.4%. Unsurprising the region that Read More
The latest Nationwide House Price Index shows that UK house prices increased by 1% in October, house prices are now only around 7% below 2007 peak. The 5.8% increase from October 2012 shows year-on-year trends are also increasing with September Read More