Maintenance : doing it right
L.E.A.D - South Africa
Courses in "Maintenance : doing it right" will be run towards the end of this month until February next year. They will be fully funded and are limited to 30 seats per centre. Because the justice system must be accessible to women and children who require assistance in the maintenance court, pactitioners will learn how to render such assistance more efficiently. Attorneys with substantial experience should not attend.
Is an Englishman's castle getting a bit less secure?
Independent - UK
Coalition reforms include a proposal to privatise the Land Registry which guarantees ownership of our homes.
The coalition plans to part or fully privatise the Land Registry to raise money. But not only could the move add to the costs when you buy or sell your home, it could leave you with a massive gap in protection if there is a mistake in the future.
The Land Registry is an official body that safeguards the ownership of billions of pounds worth of property. At present, if it makes any mistakes about ownership, the Government promises full compensation to anyone adversely affected. But experts are concerned that no private firm could offer the same "guarantee to title".
Last week, the Government published the Public Bodies (Reform) Bill, which deals with abolishing, merging and reforming public bodies and quangos. The Land Registry, a government department established in 1862, is specifically mentioned in the Bill. Meanwhile the Ministry of Justice is undertaking a feasibility study into future private-sector investment in the Land Registry and plans to report back in the New Year. Full privatisation is also an option.
Property baron sees November rate cut
RealEstateWeb - South Africa
Expects it to be the last for a while.
We are going to see another 0.5% drop in interest rate at the next Monetary Policy Committee meeting to be held next week on November 17 and 18. This will be good for the economy and for the question of keeping the rand from strengthening - although I don't believe it will have a huge impact there. After this further 0.5% cut I think the interest rate will stay pretty static and stable during the course of 2011. Inflation seems to be in check, so I don't think interest rate movements are going to be that significant in 2011, if they happen at all next year.
Stricter rules for conveyancers needed, says CML
Mortgage Strategy - UK
The Council of Mortgage Lenders is urging The Law Society to implement strict guidelines for conveyancers when it introduces its accreditation scheme in January.
Last month, the Law Society of England and Wales announced that it would launch a conveyancing quality scheme that will accredit individual firms in January.
The aim is to demonstrate high-quality standards among conveyancers and improve lender and consumer confidence in the integrity of services provided by the profession.
Firms qualifying for the scheme will need to comply with higher standards covering the competence and probity of staff, the financial standing of the firm, supervision of staff and administrative processes.
Maintenance : doing it right