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KEY THINGS YOU NEED TO KNOW FROM 1ST OCTOBER 2009

AUGUST 09

The Companies Act 2006 is changing the law for companies. These changes affect every company operating in the United Kingdom. Passed in 2006, the Act reaches the final stage of implementation on 1st October 2009.

DIREC ...

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SALE-AND-RENT-BACK REGS START

The Financial Service Authority’s interim regime for sale-and-rent-back schemes has come into force.

It requires firms working in the market to apply for interim authorisation by August 1st.

The regime aims to protect homeowner ...

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GOVERNMENT U-TURN ON ENFRANCHISEMENT

The Government wants to drop the expected implementation of Right to Enfranchisement (RTE) companies, citing “practical difficulties”. RTE companies were to be implemented following Sections 121-124 of the Commonhold and Leasehold Reform Act 2002. Th ...

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RICS LAUNCHES BUYER REPORT

The Royal Institution of Chartered Surveyors has launched a new version of its Homebuyer Survey.

The Homebuyer Report will replace the Homebuyer Survey and Valuation, which is being phased out at the end of this year.

It has bee ...

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KELLY & CO JOIN FREE WILLS SCHEME

Kelly & co are pleased to announce that they have joined a scheme involving giving free wills in conjunction with Leeds Teaching Hospitals Charitable Foundation.

The scheme is working with firms of solicitors in Leeds to offer a limited n ...

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ESTATE AGENT COMPLAINTS FALL

AUGUST 09

Disputes between estate agents and their clients have finally started to mirror the property market trend, with a significant fall in the numbers involving property sales during the first quarter of 2009, The Property Ombudsman ( ...

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FEARS OF "COWBOY SEARCH COMPANIES"

AUGUST 09

The information commissioner’s decision to allow free viewing of property search data held by local authorities has sparked fears that unregulated “cowboy companies” will flood the search market.

In a guidance note, th ...

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Law Society warning over government's new shared equity scheme

JULY 2009

Home Buyers seeking to purchase property under the government's new shared equity initiative risk losing out if the property market picks up, warns the Law Society.

The government's revised equity share scheme allows ...

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