Risky business
Posted by: Westcor International
The recent case of a fraudulent transfer of 1.2 million (GBP) using the identity of a Kensington homeowner provides a salient reminder of the risk of fraud in lending. As the body that registers land and property in England and Wales, the Land Registry plays an important role in property transactions and preventing fraud. Part of this role is to check that the person registering a title is the true owner. Lenders heavily rely on this information when deciding whether to accept a mortgage application.
Turn and face the strange of 2016
Posted by: Westcor International
2016 was certainly a year of Changes, to quote singer/songwriter David Bowie, whose death in January was for many a portent of the tumultuous year ahead in the political and economic spheres. The three per cent rise in stamp duty on second homes and buy-to-let purchases was greeted with some dismay, particularly as the government's initial consultation had suggested that there could be an exemption for investors buying 15 or more properties.
Making a statement
Posted by: Westcor International
The country's housing shortage topped Chancellor Philip Hammond's Autumn Statement in November, who promised to deliver a housing market that works for everyone.
Battle of the basements
Posted by: Westcor International
Increasing pressure for space in city centres, accompanied by the premium commanded by residential land, have resulted in numerous basement developments during the last 10 years. Unlike roof extensions, basement developments generally pose little or no risk of harm to the light amenity enjoyed by neighbours. Nevertheless, basement developments in residential areas can be highly controversial. Neighbours can react with alarm to the excavations and engineering operations required to create a basement, or the risk of structural damage to their property.
Stand and deliver
Posted by: Westcor International
As the government comes under increasing pressure to meet housing targets, compulsory purchase orders (CPOs) are gaining favour as a means of allowing a public body to take a property by right where it is needed as a matter of public interest.
Most Popular
Tags