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News Archive for April - 2018

Surprise Boost for Housing Market as Mortgage Volumes Soar

Property purchases for buyers requiring mortgages reached 50,000 in February, the highest level for the month since 2007.

The data, from mortgage lenders’ trade organisation UK Finance, also reveals that lending for first-time buyers, home movers and remortgagers increased in February this year compared to 2017, equating to £4bn in new lending.

There were 25,200 new first-time buyer mortgages completed in February 2018, up about 2.4 ...

First-Ever Mortgage With Digital Signature is Lodged at Land Registry

The first-ever ‘digital mortgage’ deed has been lodged at HM Land Registry, for a property at Rotherhithe in London.

Coventry Building Society and Enact Conveyancing filed the document which did not require a witness to watch as it was signed and did not require the home owner to write a conventional ink signature.

This new service involves a conveyancer creating a digital version of a mortgage deed, the borrower signing the deed ...