Unfair for brokers to blame ‘slowlicitors’ – Broker Conveyancing

Harpal Singh I've never really been interested in playing ‘the blame game' when it comes to determining who might be responsible for delays in the property purchasing process. Ultimately there is generally a combination of factors that all go to contribute towards the timescale for exchange and completion being lengthier than we would like. However, this doesn't appear to stop some in the industry attempting to lay the blame at the door of, quite frankly, anyone who isn't them. Further reading Stamp read more

FCA promises tough action as it takes control of consumer credit

The Financial Conduct Authority has taken control of the consumer credit industry from today promising tough rules for short-term high-cost credit firms and debt management companies. In its 2014 risk outlook, published yesterday, the regulator said its plans to enforce a price cap on payday loans may affect some firms' appetite to remain in the sector if profits are damaged. Further reading Repossessed often architects of own destruction not victims - FCA Speaking on Radio 5 live this read more

First-time buyer house prices hit record high

The average house purchased by a first-time buyer is now more expensive than ever with prices rising £5,000 in the last month alone. Figures from LSL found the average purchase price in January 2014 was £155,832, up on the £150,875 figure recorded in the previous month and 16.4% higher than the same point last year. Despite the government's Help to Buy scheme aiming to help borrowers with small deposits onto the housing ladder the average loan-to-value also rose in the same period, reaching 82.3% in the first read more