House sales falling through ‘because council is taking so long to turn round searches’ (PIE)
Agents are complaining that it is taking so long for their local authority to turn round searches that deals are falling through.
Purplebricks workforce turns on agency with string of damning reviews (EAT)
A series of damning reviews about Purplebricks’ working environment, apparently written by existing and former staff, have appeared online.
National Housing Audit To Provide New Build Development Baseline Standard (TC)
A new audit is looking at how the design of residential developments has changed in the past ten years in order to help create a baseline standard for new build […]
‘Low quality’ suspicious activity reports swamping system – Law Commission (LSG)
Businesses are sending thousands of low quality suspicious activity reports (SARs) that contain little or no useful intelligence, the Law Commission will tell the government.
Conveyancers say over 1m leaseholds could be ‘blighted’ by mortgage restrictions (PIE)
Conveyancers are calling on lenders to standardise their mortgage terms on leasehold properties.
Agents warned that older septic tanks could thwart or delay sales (PIE)
Agents with properties to sell in rural areas are being urged to check for septic tanks before marketing commences.
Leasehold Ground Rents Now Exceed £447 Million Per Year (TC)
The average leaseholder is now paying £319 in ground rent costs every year and have experienced an above inflation rate annual average rise of 5%.
Sales falling through due to inconsistency from lenders on leases
Mortgage lenders need to standardise their policies in relation to lease length in order to stop sales falling through, say experts.
From browsing to buying – time it takes to purchase a property (PIE)
A poll of 2,000 UK home owners assessed the average time it takes to buy a house from browsing, to viewing, making an offer, exchanging and completing. Six months and […]
SLC And UK Finance Collaborate To Standardise Lending Policies On Unexpired Leases (TC)
The Society of Licensed Conveyancers and UK Finance have been working to standardise lending policies on unexpired lease terms to help ease the difficulties many leaseholders are finding when trying […]
CMA Formally Launch Investigation Into Leasehold Market (TC)
The Competition and Markets Authority (CMA) has officially launched its investigation into the leasehold market yesterday, June 11th 2019.
CMA launches investigation into sale of leasehold properties (EAT)
The Competition and Markets Authority has formally launched an investigation into the sale of leasehold properties – including possible mis-selling.