CASE STUDY: A race to possession when a borrower defaults on their financial obligations
Posted by: Westcor International
If the property is leasehold and the borrower ceases to make payments on their mortgage, not only is the lender affected, but the freeholder (or landlord) is too. This can mean a lender risks losing their security if they don't act quickly enough.
The evolving role of the NPPF and paragraph 49
Posted by: Westcor International
Since the introduction in England of the National Planning Policy Framework (NPPF) in 2012, there has been a proliferation of judicial reviews over its application when determining planning applications for housing.
Property fraud claims increasing
Posted by: Westcor International
Despite efforts to combat fraud in property transactions, nearly 10 million pounds worth of compensation claims were received by the Land Registry last year.
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.
The Dimensions of Risk: Fighting Fraud
Posted by: Westcor International
In the first of a series of articles for Bridging & Commercial, Titlesolv's Harcharan Lidher explores one of the key elements of risk for the lending community: fraud.
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