Commercial First Business Ltd v Atkins [2012] EWHC 4388 (Ch) (13 July 2012)
This case before His Honour Judge Hodge QC raised a novel and important issue for lenders and borrowers in the context of commercial property. Given the Judgment is lengthy the reader is referred to the same .This article will concentrate on the legal issues outlined below. As is common in most well drafted charges, a […]
IPSA starts Judicial Review against Land Registry
Following the latest Land Registry consultation to considerably broaden its powers relating to property generally IPSA, The Association of Independent Personal Search Agents, have served Judicial Review proceedings criticising the short period of consultation being 7 rather than 12 weeks but has also the following stark warning to conveyancers. Christian Lister, IPSA Chairman on issuing […]
‘HIP Replacement’ Options
Ronnie Park, Managing Director of OneSearch Direct, the largest local authority data search company in the UK, today issued the following statement following the recent RICS-commissioned report which calls for Home Reports. “Estate agents are now covered by the Consumer Protection Regulations (CPRs), which replaces the Property Mis-descriptions Act as the key legislative framework for […]
Leasehold management company delays criticised
Management companies are slowing down leasehold property purchases by taking too much time to deliver necessary information to solicitors, according to the Conveyancing Association (CA). In a bid to speed up property transactions, members of the CA met with MPs in Westminster last week to suggest changes to the law which will set out a […]
Think Different….
Think Different… A little over six years ago I joined London’s largest estate agent with the primary role of developing, launching and managing their own conveyancing service. Perhaps not the greatest challenge ever to face mankind but a challenge none the less. Unfortunately this was their third and last attempt to launch a conveyancing service […]
Research confirms rising expectations from conveyancing clients.
Research by myhomemove, the UK’s leading provider of mover conveyancing services, has revealed that the length of time between ‘exchange and completion’ when buying or selling a property, has dramatically decreased in recent years. The traditional industry standard of 28 days has been shortened in 85% of cases to within 14 days, and in nearly […]
2013 – 91% of lenders changed CML Conveyancing Handbook
Lexsure previously known a Conveycentric this week produced information showing how careful conveyancers need to be. Not only did nearly all lenders changePart 2 of their instructions to conveyancers in 2013 they are also increasing the frequency of changes they are making. Lexsure’s review shows that 91% of CML lenders amended their Part II policies […]
Law Society clarifies Find a Solicitor reliability
Following the SRA disclosure of the list of uninsured firms the Law Society clarifies the role of the “Find a Solicitor” website. We have highlighted a number of times that many solicitors feel that before they send conveyancing completion funds to the other side they only need to check the Law Society’s Find a Solicitor […]
Remortgage lending up 44%
Remortgage lending in December rose to £4.16bn, up 43.5% from the same time last year and up 1.5% from November. The latest figures from LMS reveal that monthly gross remortgage lending increased by £61m in December, to £4.16bn. The CML has also reported that total gross mortgage lending held steady at £17.0bn in December. As […]
Today's Conveyancer talks to Financial Eye's David Thorpe
David is Director of Financial Eye. A partner of Legal Eye, Financial Eye has a product designed to help COFAs deal with the increasing burden of regulatory requirements. David has over 30 years’ experience in the industry having started off in 1983 as a conveyancer handling plot sales for Heron Homes. Before starting up Financial […]
Rowlinsons pick up more awards
Rowlinsons Solicitors recently picked up two awards at the Sunday Times Estate Agency of the Year Awards. The solicitors practice took home the Gold Award for Best Large Conveyancer of the Year and Overall UK Conveyancer of the Year Award at the December awards. Earlier in 2013 the Cheshire based firm was recognised at the […]
GroundSure enhance Energy Report
GroundSure has announced new datasets have been added to their GroundSure Energy report to provide even more comprehensive analysis on installations and infrastructure. The report now contains the following additional features: – Location of existing and proposed solar energy farms (PV arrays) – unique to GroundSure – Large scale and strategic gas and oil pipelines […]
First-time buyers at six year high
For the first time since October 2007 the number of monthly first-time buyers topped 29,000 with 29,100 in December. According to the latest First Time Buyer Opinion Barometer from LSL Property Services the average deposit for a first-time buyer fell to £26,533 in December, 3.6% lower than a year before. Despite these falling deposits, first-timers […]
Analysis of dwelling tenure transformation
Home.co.uk has assessed the rise of the UK’s private rental sector in the wake of falling housing stock. They put the a transformation of tenure in the UK as having been kicked off by the Right to Buy scheme, passed in the Housing Act 1980. They say that in the last 20 years, the subsequent […]
Landlords buying more thanks to new mortgages
According to the latest Mortgages for Business “Complex Buy to Let Index” the increased choice of buy to let mortgages in the UK has caused landlords to shift their existing equity towards new purchases. 47% of the standard mortgages are now going towards new buy to let properties. New purchases made up a significantly larger […]
SearchFlow kick off 2014 on a new high
SearchFlow, the conveyancing property searches provider, has started the New Year by revealing a dramatic increase in its Net Promoter Score, despite large increases in the volume of search activity being undertaken. The quarterly survey to thousands of SearchFlow clients asks them to rate the business on how it performs across its sales, customer service […]
New Business award for Index Property
Kate Bould has won a New Business Woman of the Year Award for her business, Index Property Information. She had just been operating from her new West Midlands office for a month when Banbury Women in Business presented her with the award, following a nomination by one of her clients. Kate is a woman of […]
SRA reviews question of unrated solicitor insurers
The SRA has asked insurance broker and risk specialist Marsh to look at the question of whether some solicitor clients are prejudiced because some solicitors insure with unrated insurance companies. The ratings of insurance companies are designed to give consumers an indication of the financial strength of the insurance company and therefore its ability to […]
myhomemove moves to Manchester as housing market continues to grow
Following the demise of Barnetts earlier this week and the acquistion of its assets from its administrator by a licensed conveyancer DC Law, another large licensed conveyancer has announced its growth plans in Manchester. In a statement issued this afternoon myhomemove has stated: "myhomemove, one of the UK’s leading provider of mover conveyancing, is set […]
DC Law advice to conveyancers dealing with Barnetts cases
We reported earlier this week that DC Law have acquired the assets of Barnetts Solicitors from their Administrator. Beth Rudolf a Director of DC Law has asked us to produce this release to help firms that are dealing with conveyancingcases where Barnetts Solicitors were instructed. She says, “We are all working day and night to […]
