From Bill ĲmstrongHow unexpected to get an instant response from a solicitor named Julian in leafy Guildford. The week is off to a cracking start. Trouble is, I now have an urgent need to set up an embassy in Guildford representing the real world. My reasons for this are many and all inspired by Julian’s barbed reply. The main reason solicitors visit unwarranted and unnecessary indemnity policies upon purchasers on the day of contract exchange is because they have only opened the file that day and are being harassed by agents, buyers and vendors to get things moving. Should a point arise that they cannot immediately cover with a little emailing and telephoning they resort to the lifeboat of last resort, namely the indemnity policy. The Real World Embassy could advise Julian that in over 30 years in this business, I for one have continually seen lawyers’ conveyancing departments staffed by office juniors doing mundane tasks centred around paper shuffling. I often make a point of asking if they are qualified solicitors. In only about 10% of cases might there be one paralegal or licenced conveyencer in the department. Clients pay solicitors’ fees for office clerks’ output. Like many, I was until recently unaware that title insurance fell under the remit – and hence the spotlight – of the Financial Services Authority.
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Pink Home Loans’ 1000 Index Survey shows rates drive brokers’ decisions when choosing which lenders or packagers to deal with. The online survey was aimed at mortgage intermediaries and questioned 1,000 brokers on industry issues . In stating which areas influence their decisions most when deciding which lender or packager to send a mortgage to, […]
Experts at the Property Investor Show (September 23 to 25, ExCeL London) are advising investors keen to take advantage of tax breaks on property purchases through pension funds next April to ensure they tread carefully before committing to any investments.In advance of full clarification of the exact regulations regarding SIPP investments from the Inland Revenue, […]
Saffron Walden Herts & Essex Building Society has turned to xit2, the experts in outsourced process management, to provide the online system for their panel manger Legal Marketing Services to manage their external valuations.The Valuation Exchange developed by xit2 streamlines the valuation instruction process, and can halve the time taken to instruct the valuation. This […]
Birmingham Midshires has revealed that it’s set to pull the plug on 48 of its 67 branches, through a phased programme concluding in March 2006.Following completion of the closure programme, existing BM based branch customers will have the option of banking at their nearest Halifax branch, the majority of which are within 300 metres of […]
Holly Cassell, Assistant Manager of the Neptune UK Opportunities Fund The decision of the Federal Reserve not to raise US interest rates at its September meeting was met with surprise by many, and has been blamed by some as the chief catalyst for the global market volatility that followed. How does this affect the timing […]
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