View more on these topics

Conveyancers must disclose fees

Conveyancers are being warned that they may be in breach of the Law Society’s code of conduct for failing to disclose their fees.

Rule seven of the code outlines the duty of solicitors to present clear and upfront fee schedules in accordance with the British Code of Advertising Practice.

Bromley-based solicitors MTA is concerned that some consumers are being drawn in by conveyancing offers that are too good to be true, only to discover on completion they are laden with hidden costs. The firm says fees can rocket from around £99 to as much as £500.

David Green, chief executive of MTA, says: “Service and price are big factors for consumers but they must be aware that obtaining the cheapest price does not always mean they are buying the best service.

“Prices should always be transparent, whether consumers are shopping on the internet or taking recommendations from estate agents.”

Alan Dring, sales and marketing director at Goldsmith Williams, says: “Brokers are obliged to look past marketing-geared prices and assess the service provided by firms. Something is always sacrificed when costs are kept low.”


BUDGET 2008: Connells brands Budget a wasted opportunity

Connells Survey & Valuation has branded the Budget a wasted opportunity to help a weakened housing market.Connells says borrowers now looking to buy a property will not benefit at all from chancellor Alistair Darling’s plans.Ross Bowen, managing director of Connells Survey & Valuation, says: “This Budget is all smoke and mirrors.“The government is ignoring the […]

Cops want broker registration

A police report into mortgage fraud has called on the Financial Services Authority to individually register the UK’s estimated 40,000 mortgage brokers. The Association of Chief Police Officers made the call as part of its look at the growing problem of mortgage fraud. Richard Farr, director of the Association of Mortgage Intermediaries, says: “Everybody backs […]

RBS IP ups remortgage rate by 0.15%

RBS Intermediary Partners is increasing the rate on its First Active five-year fixed remortgage rate from 5.60% to 5.75%.The applies until April 30 2013 and has a £799 arrangement fee.

BUDGET 2008: Chancellor increases small firms loan

The chancellor has pledged to inject £60m into the Small Firms Loan GuaranteeHe says he will also roll out the scheme, which aims to provide small firms with funding support to execute viable business plans, to all small and medium businesses.

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]


News and expert analysis straight to your inbox

Sign up