The Insurance Act: reflections on consolidation
Posted by: Westcor International
The Insurance Act 2015, when it comes into force in August 2016, will bring the principles on disclosure, warranties and fraud for commercial insurance in line with those already introduced for consumer insurance by the Consumer Insurance (Disclosure and Representations) Act 2012.
The return of mainstream lenders: threat...or opportunity?
Posted by: Westcor International
Over the past few years, increased regulation of the bridging finance industry has placed mounting pressure on lenders to retain market share and improve the bottom line. According to a recent article published in the Financial Times, the major banks are returning to the large loan market and this brings fresh challenges for the industry.
Election manifestos and property mechanics: the implications for transactional volumes
Posted by: Westcor International
With pollsters currently predicting that either the Conservative or the Labour Party will be forced into a minority Government, compromising on their manifesto promises, or into a coalition agreement, we take a closer look at each party's rhetoric on the housing market and how this could affect transaction volumes and mortgage lending.
Managing the insurance risks around rights to light claims
Posted by: Westcor International
The proliferation of skyscrapers in London shows no sign of abating. There are currently proposals for 263 buildings that are over 20 storeys high in the Greater London area either in planning process or under construction. High demand, coupled with soaring land prices, means that for many developers vertical developments are the most commercially viable.
As spring approaches, for some so too does PI renewal
Posted by: Westcor International
While it seems that the majority of legal and conveyancing firms may have thus far adopted an 'it ain't broke so don't fix it' approach when it comes to professional indemnity and adhered to their October renewal date, a growing number are choosing to make the switch
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