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<copyright>Copyright &#169; 2012 Residential Property</copyright>
<pubDate>Sun, 05 Feb 2012 09:29:45 +0000</pubDate>
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<description>Lanyon Bowlder Solicitors blog.</description>
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<title><![CDATA[Assisting the CIDT at the University of Wolverhampton ]]></title>
<link>http://blog.lblaw.co.uk/assisting-the-cidt-at-the-university-of-wolverhampton-356/</link>
<description><![CDATA[
Recently myself and colleague Emma Alsop were delighted to be able to provide assistance to the Centre for International Development and Training (CIDT) at the University of Wolverhampton.  The CIDT has recently hosted teams from Bangladesh interested in furthering their knowledge and understanding in various fields of business, to assist them in projects planned for their country.  
One of the teams, based at the Universitys Telford campus, had specific interest in the registration of land transfers, digitalisation of information, plans relating to land transactions, the security of such information and how to make the ownership of land clear and transparent to all the citizens.  During their stay the team visited various relevant organisations including the Land Registry in Telford. 
Following the team's visit to the Land Registry, I chaired a half day de-brief and we then hosted a half day demonstration on the benefits of a conveyancing case management system and its interaction with the land transfer process. Emma Alsop, who heads the firms residential property team in Shrewsbury, ran the workshop. 
The feedback from the Bangladeshi teams was extremely encouraging and it really was a pleasure to be able to offer our help.  ]]></description>
<category><![CDATA[Residential Property]]></category>
<pubDate>Mon, 09 Jan 2012 14:38:23 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/assisting-the-cidt-at-the-university-of-wolverhampton-356/</guid>
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<title><![CDATA[Homes in the Countryside Beat the Property Downturn]]></title>
<link>http://blog.lblaw.co.uk/homes-in-the-countryside-beat-the-property-downturn-242/</link>
<description><![CDATA[Its not all doom and gloom in the property market, according to The Halifax, as rural house prices have nearly doubled during the past ten years.Homes in the countryside are now so desirable they have been rising by a rate of around 200 a week, and are now 96% more valuable than in 2000.As a result, buyers can expect to pay a 20% premium for a property in a rural location, compared with one in a town, up from a 17% difference at the start of the decade. The recent difficulties experienced by the housing market have also had less of an impact on homes in the countryside, with these losing an average of 20% of their value between 2007 and 2009, compared with a 25% price drop in towns and cities.The increase in TV programmes such as Escape to the Country and Location, Location, Location, which sell a contended rural lifestyle, can only have had an added impact. Suren Thiru, Housing Economist at The Halifax, said: "With the lifestyle benefits associated with living in the countryside still resonating with homebuyers, rural properties continue to trade at a significant premium to homes in urban areas."The biggest increase in rural prices during the past year has been seen in the South East, with the cost of a home in the countryside jumping by 8.9%.Yorkshire and the Humber and Wales had the biggest price gains for rural homes over the past decade at 123% and 122% respectively. South Oxfordshire is the most expensive rural local authority to purchase in, with the average property costing 388,326, 85% above the national average. ]]></description>
<category><![CDATA[Residential Property]]></category>
<pubDate>Fri, 19 Nov 2010 16:43:50 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/homes-in-the-countryside-beat-the-property-downturn-242/</guid>
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<title><![CDATA[Landlord Identify Theft Warning as Tenant Sells Property]]></title>
<link>http://blog.lblaw.co.uk/landlord-identify-theft-warning-as-tenant-sells-property-225/</link>
<description><![CDATA[Property experts have warned landlords to keep personal and financial documents away from rented properties and ensure identity theft is kept to a minimum.The warning comes following the court case of a south London tenant, who now faces imprisonment after attempting to sell his landlords property.Steven Rice, the managing director of a yacht company, obtained personal information about his 83-year-old landlord, Vernon Stratton, and sold Mr Strattons South Kensington property for 1.47million.After the money was paid into Mr Strattons account, Mr Rice obtained a false driving licence in Mr Strattons name and attempted to transfer the funds to his Dubai bank account.When Halifax staff questioned the validity of the driving licence, Mr Rice was reprimanded by police and could now face years behind bars for fraud.Tenant sub-letting is not going to stop. But this is a one-in-a-million case. I cant see many tenants having the confidence to get fake ID and maintain the front with solicitors, a leading letting agent commented.The serial opportunist admitted possessing a false ID document with intent and acquiring criminal property. However, he denied charges of fraud and possessing an article for use in fraud.Southwark Crown Court heard how Mr Rice had earlier rented another landlords Kensington house under a false name and secured a 489,235 loan on the property from Lloyds TSB. The money transfer was eventually cancelled at the last minute.Mr Rice will be sentenced later this year. In the meantime, landlords must make sure all confidential post is re-directed to a suitable address to avoid suffering the pitfalls undergone by Mr Stratton and those landlords whose properties are being sub-let.]]></description>
<category><![CDATA[Residential Property]]></category>
<pubDate>Tue, 10 Aug 2010 13:48:20 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/landlord-identify-theft-warning-as-tenant-sells-property-225/</guid>
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<title><![CDATA[Multiple Borrower Mortgages]]></title>
<link>http://blog.lblaw.co.uk/multiple-borrower-mortgages-94/</link>
<description><![CDATA[
It appears there may be a growing trend of young, first time buyers, clubbing together in order to purchase their first homes.  This seems to make sense really, given the current difficulties to even find a lender, let alone obtain a mortgage offer. 
A recent article in a national newspaper included a fairly comprehensive list of those Banks and Building Societies prepared to offer multiple borrower mortgages, most seemed prepared to extend the offer to a maximum of 4 applicants. 
However, caution should be taken.  Entering into such a commitment even with some of your closest friends could result in fall out! 
Our very own Praveen Chaudhari, solicitor and property specialist, suggests a Declaration of Trust would need to be carefully drawn up by a lawyer.  He says "there aer a multitude of considerations here; for example is everyone contributing equally to the cost of purchasing the property?  What would happen in the event one person invests both time and money on improvements to the property?  What if one or more want to sell but the others do not?" 
He goes on to explain "with the correct legal advice, and a properly drawn up document, all these questions and scenarios can be discussed and agreed, the group of friends can then be confident that all their legal interests are looked after and enjoy their new home."]]></description>
<category><![CDATA[Residential Property]]></category>
<pubDate>Thu, 30 Apr 2009 16:22:19 +0000</pubDate>
<guid>http://blog.lblaw.co.uk/multiple-borrower-mortgages-94/</guid>
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