Average adult over 55 taking two years salary out of their home
The average person over over-55 takes the equivalent of two year salary out of their house in equity release. Regionally Londoners lead the way with an average drawdown mortgage of 130 weeks pay, the only region where drawdown is above average. However every region saw the average drawdown customer taking out more than a year’s […]
Peace of mind for you and your client with Home Buyers Protection Insurance from PSG
Buying a property is without a doubt one of the most stressful things that you will do in your lifetime. From the excitement of finding your perfect new home and securing a mortgage, instructing surveyors and solicitors and then the anticipation of moving day, there are many ups and downs through the home buying process […]
Changing Regulators: Planning for the future
Regulatory choice is now a reality. Firms can strategically review the benefits and drawbacks of different regulatory systems, before choosing how structure their business, says Katie Jackson of Honne Ltd. If you are worried about the cost of regulation, compliance with CQS, and PII premiums, you may find it worthwhile exploring the option of a […]
Budget 2016: What’s in it for conveyancers?
Chancellor George Osborne delivered his eighth budget today with several measures cutting taxes for businesses, tweaks to the previous residential stamp duty reforms and wholesale reforms for commercial stamp duty. Corporation tax will be reduced to 17% by April 2020, and the Treasury has confirmed that movers who buy a home before selling will have […]
Industry reacts to George Osborne’s Eighth budget.
Chancellor George Osborne’s 2016/17 announced downwardly revised growth figures for the UK economy as well as announcing he had missed his targets for deficit reduction as a proportion of GDP. The Chancellor also announced a raft of measures aimed at helping small businesses, safeguarding homes hit by the winter’s floods from more damage and detail […]
Government to call for evidence on making the house buying process “more consumer friendly”
As part of George Osborne’s budget announcements, the UK Government has said it intends to ask for evidence on how to make the house buying process better value for money. Citing as yet unpublished guidance from he Department for Business, Skills and Innovation, the detailed budget announcement read: “Consumers spend £270 million each year on […]
InfoTrack and Groundsure announce new CPD webinar series
InfoTrack and Groundsure have announced a series of free educational CPD webinars designed to educate conveyancers on the risks associated with flood, energy and utilities allowing solicitors make better informed decisions in property transactions. This free CPD series will run three webinar topics on the following dates, are available to all legal professionals and are […]
Former Poundland owner lining up to buy Land Registry
A private equity firm which currently owns DFS Furniture is reportedly planning a £1 billion takeover of the Land Registry. Advent International which previously owned Poundland in the UK, and currently has an international portfolio of investments including Worldpay and Fat Face in the UK, as well as radio stations, bankruptcy providers, fast food chains […]
Fifty mortgage brokers a week signing up for ConveyancingBrain
Five hundred mortgage brokers have so far signed up for ConveyancingBrain, the new system for mortgage brokers, since it launched at the end of 2015. Mortgage Brain, who launched the product, say they are attracting fifty new customers each week. The system offers mortgage brokers a one-step registration and login process and instant access to […]
CHAPS to run longer from June
CHAPS to run longer from June Bank transfer system CHAPS is to stay open an extra hour and forty minutes from 20th June. The Bank of England’s Real Time Gross Settlement System, which processes the payments, will enable banks and building societies to make bank to bank transfers until 18h00, and 17h40 for customer to […]
SDLT increase won’t put off new landlords in the slightest says study
George Osborne’s flagship stamp duty surcharge for second homes will do nothing to put off prospective landlords, according to information from the Association of Residential Letting Agents. The report states that had the surcharge been introduced on 1st January 2015, the 3% charge would have been overcome by the growth in house value inside of […]
Right-to-Buy to be suspended by fourth Welsh local authority
Right-to-Buy is disappearing from Wales with a fourth council set to suspend the policy, citing diminishing stocks and large waiting lists. Anglesey, or Ynys Môn voted on a decision to ask the Welsh Government for a five year suspension today after it was previously granted to Swansea, Carmarthenshire and Flintshire. Anglesey will make the application […]
Don’t just take our word for it…
At Pali we only ever produce quality searches coupled with first class customer service. We are constantly evolving our award winning online ordering system to make your lives even easier when it comes to ordering searches. We also strive to combat any frustrations you may face when it comes to having to obtain difficult conveyancing […]
Oh flooding hell!
With the recent flooding very much drowning people’s spirits, new research has shown that due to climate change, it is here to stay. As humans add greenhouse gases to the atmosphere, it not only warms the planet, but also raises the ocean level. Those around coastal areas are more likely to be affected by the consequences, […]
LegalinX-7Side ready for future of mandatory flood checks
Conveyancers have recently predicted that flood check searches will soon become mandatory during all property transactions, and with the reoccurring theme of flooding in the UK due to adverse winter weather conditions it is clear to see why. Since the Christmas time floods, demand for flood reports has risen considerably, this shows that flooding has […]
Scam Alert Round up 14th March
Here are the most recent scam alerts issued by the Solicitors Regulation Authority (SRA). Companies targeted by scam over payment to a Chinese bank account The SRA have been informed people working in finance or accounts departments of Polish companies are being targeted by individuals claiming to be Marcin Perzanowski of Mayer Brown International LLP. […]
Legal & General call on George Osborne to lay off Buy-to-Let
The Director of Legal & General’s Mortgage Club has called on George Osborne to leave the Buy to Let sector free of further changes in his upcoming budget. Jeremy Duncombe also called for a “housebuilding revolution” whilst speaking to The Times. Jeremy Duncombe said: “We need to see positive change if we are to combat […]
Homes selling as fast as in 2007 according to Home.co.uk
Houses are now selling as fast as they were pre-crash in 2007 in some areas according to Home.co.uk’s asking price index. In the east and south east of England, typical properties are now on the market for just 49 and 47 days respectively. The time on the market in the East of England has plummeted […]
Construction output dropped slightly in January
Output from the construction industry fell 0.2% in January according to the office for National Statistics. Private new housing work rose by 0.6% and private commercial 4.7%, however construction on public housing fell by 10.6% from December 2015. Andrew Bridges, Managing Director of Stirling Ackroyd said: “Small movements in the wrong direction won’t help escape […]
Transactions up 12% in February.
The number of house transactions increased 12% month to month from January to February – twice the growth from December to January according to Your Move and Reeds Rains. According to Peter Williams and John Tindale of Acadata, the number of transactions in England and Wales for February will total around 64,000, 9.3% higher than […]
