| "Remember, remember, the 5th November ..." |
| Gunpowder, treason and "phut". We were promised a revolution with expensive solicitors being run out of town and everyone having access to cheap legal services. However, in reality, the radical change in the law allowing non-lawyers to buy law firms has been nothing more than a damp squib, resulting in embarrassing adverts of spring onions in suits and Saga offering the over-55's last-minute Wills as they board their Mediterranean cruises. With a year gone and less than 35 companies currently licensed, there is either no appetite or simply no demand. The promise of Lidl Legal Services seems further away than its ever been - not exactly a "bang" - more of a whimper. |
Investors facing challenges from lenders
| We have seen the improvement in the buy-to-let market being challenged by recent changes in processes from mortgage lenders. In the past, either a lawyer was able to act for a lender, or they weren't. However, in recent months, lenders have been creating "sub-panels" for clients choosing certain types of mortgages. In some cases, lenders are only offering specially reduced interest rates on the condition that the client uses a specific lawyer, irrespective of whether their solicitor is on their panel. Given that on occasions, the lender's own staff are not clear about the policy this change has introduced even more unwelcome delays into the conveyancing process. |
EPCs now available through property address
| One of the most frustrating aspects of retrieving Energy Performance Certificates (EPCs) is that the unique reference code was required before they could be downloaded. However, after only five years, it has now become possible for vendors and agents to retrieve reports based on the property address. Somewhat surprisingly, this change was not announced, but just appeared on the central government database a few weeks ago. The reports are available from the Landmark database immediately. More positive responses from agents |
| Our new Conveyancing Discussions continue to go from strength to strength with these free 1 hour sessions currently being run 4-5 times a week at agents' offices. Feedback has been very positive from negotiators and managers, with improved levels of confidence and understanding helping negotiators progress deals more effectively. The free pens and handbooks have been particular popular - our website has more information about the sessions. |
