Nationwide Building Society
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No Smiles for Conveyancers if Cheshire is Right
Are we about to see a significant dip in house prices in London in the near future? Bloomberg News recently asked seven market commentators to predict what they see happening next in London’s 1.6 trillion-pound housing market. Paul Cheshire, professor of economic geography at The London School of Economics and Political Science: “The turning point…
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Nationwide Building Society Sets Out New Ground Rent,Event Fees and Lease Length Policy
nationwide BS updated its Lender Handbook Part 2 regarding new build properties, specifying that new flats must have leases over 125 years and houses over 250 years. Additionally, ground rent cannot exceed 0.1% of property value. Reasonable ground rent escalations are allowed; unreasonable terms require referral. Subscribers can stay updated via the LENDERmonitor Alert Service.