What are the hidden risks for lenders post purchase?
Posted by: Westcor International
Whilst all land in England and Wales is required to be registered at HMLR, following any significant change in title, only around 85% of all land in England and Wales actually is.
Buy-to-let under pressure
Posted by: Westcor International
Buy-to-let lenders are facing a double whammy, and as a result, will start to stress-test buyers at a higher threshold from January 2017.
Interesting times for landlords
Posted by: Westcor International
Landlords in the buy-to-let market have faced a double-whammy. Not only did the former Chancellor of the Exchequer introduce a new stamp duty land tax surcharge on buy-to-let properties in April, but as of 2017, tax relief on mortgage interest will be phased out to be replaced with a capped tax credit. If that wasn't enough, in response to new affordability checks currently under consultation by the Bank of England, some of the UK's biggest lenders including The Mortgage Works (TWM) and Barclays raised a key affordability threshold in the spring.
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 Dimensions of Risk: Basel III
Posted by: Westcor International
In the latest of a series of articles published by Bridging and Commercial, experts from Titlesolv, a leading provider of title insurance and indemnity solutions, explore one of the key elements of risk: Basel III.
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