An increasing number of leaseholders are reporting they are being forced to pay extortionate RPI linked ground rents. Below Peter Wright at Hunters Solicitors tells Lawyer Monthly about a recent trend in new leases, whereby developers propose ground rent escalation at RPI clauses, resulting in a ground rent increase rate that can render some properties unsalable and stress that […]
The exclusion for forgiven home mortgage debt following a foreclosure, short sale or loan modification should be made permanent to provide relief to troubled borrowers and minimize the damage to families, neighbourhoods and communities. That's according to recent testimony from the National Association of Realtors before the US House Ways and Means Subcommittee on Tax […]
The years of historically affordable mortgage rates look to be ending as rates have steadily increased in recent months and show no signs of turning back. Since the beginning of the year, mortgage rates in the US have increased nearly 50 basis points. Historically low mortgage rates have been the silver lining in today's competitive […]
With the step by step digitisation of all departments, the government is now set to introduce digital conveyancing to the property sphere. Below Lawyer Monthly hears from Peter Robinson, Partner at Hunters Solicitors, on the process, how things are currently run, and the potential impact and challenges to be faced. Presently, the vast majority of […]
Solicitors are being targeted by organised criminals during property purchases as it emerged red flags over home transactions surged 66% in two years, according to anti-money laundering and big data specialists Fortytwo Data. Staggeringly, nearly four in ten (37%) of all Suspicious Activity Reports (SARs) across the entire legal sector relate to either residential or […]
Towards the end of 2017, Secretary of State for Communities and Local Government Sajid Javid announced plans to make buying and selling homes ‘cheaper, faster and less stressful’. Amongst his proposals was to clamp down on ‘gazumping’ which sees a buyer lose out on a property at the last minute after a higher offer is […]
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