BUYING and selling your home without the need for paper deeds is one step closer this week as the UK Government approved changes to the Land Registration Rules that will further enable digital land registration.
The changes, which will come into effect on April 6, are central to HM Land Registry’s ambition to become the world’s leading land registry for speed, simplicity and an open approach to data which it outlines in its new Business Strategy 2017 to 2022.
Working closely with its customers, and launching a public consultation on the changes last year, HM Land Registry plans to use digital technology to make conveyancing simpler, faster and cheaper while enhancing the integrity and security of the register against threats from cyber-attacks and digital fraud. The rule changes will allow HM Land Registry to introduce fully digital conveyancing documents such as mortgages and transfers, in response to customers’ needs.
Chief Executive and Chief Land Registrar, Graham Farrant, said: “Our customers are central to everything we do and we want to make dealing with us quicker and simpler by providing more services through digital technology. These changes are an important enabler for our digital transformation and I want to thank our customers for their positive responses to the consultation.”
Changes were required to the Land Registration Rules 2003, with the revocation of the Land Registration (Electronic Conveyancing) Rules 2008 and the Land Registration (Proper Office) Order 2013, in order to allow HM Land Registry to continue with its digital transformation programme, and modernise and simplify its services.
The changes will benefit customers by allowing HM Land Registry to build new and more flexible statutory services that have been called for by the industry, and other electronic services will improve the assistance offered to them throughout the application process.
HM Land Registry will be contacting customers in the coming weeks to explain any changes that will affect the way they submit applications, though these are expected to be minimal, and will only affect a small number of customers.
The Range’s Swansea Store Shortlisted for ‘Best Christmas Display’
Christmas has arrived early for The Range stores in Wales, boasting gigantic displays of all-things festive! The Range is well known for going all out during the Christmas season to create a fun and magical experience full of trees, lights, decorations and much more for their customers to enjoy and this year is no exception. The Range in Swansea surpassed expectations with a display so great, it’s left them shortlisted for ‘Best Christmas Display’ out of all The Range’s 182 stores.
Swansea Building Society unveils bespoke mortgage product for medical professionals
Following extensive consultation with mortgage brokers and customers, Swansea Building Society has unveiled a new mortgage product specifically designed to offer medical professionals enhanced terms and a better deal.
The Medical Professional Mortgage Product is designed specifically for cases where the applicant, or one of the applicants in the case of a joint mortgage, is a medical doctor, surgeon or dentist. They might be looking to purchase a property, re-mortgage from another lender, or raise capital against equity in a property.
This new product also allows customers to borrow a higher amount against their income compared with standard mortgage products, subject to meeting affordability rules. Sole customers will be able to borrow up to 5.5 times their sole income (the standard criteria is a multiple of 4.5) while joint customers will be able to borrow up to 5.0 times their joint income (the standard criteria is a multiple of 3.5).
The new product was made available to customers from October 1, 2020.
Alun Williams, chief executive of Swansea Building Society, said:
“We are constantly reviewing what we do based on feedback from customers, brokers and our wider analysis of the mortgage landscape to ensure we are competitive where relevant in the current market.
“In this case, we wanted to develop a product that would reflect the current and future earnings potential of some of our clients who work in the medical profession. We are delighted to be able to roll this product out; we have already had very good feedback from our network of brokers.”
Simon Mayo to join Swansea local radio
BAUER MEDIA is proud to today detail a new local initiative that Greatest Hits Radio and The Wave will launch within Swansea and South Wales aimed at helping local workers, charities and businesses as they deal with the economic impact of the Covid-19 pandemic.
Swansea Sound will lead the ‘Getting You Back to Work’ campaign, as it relaunches as Greatest Hits Radioin September. The scheme, which will also run across sister station The Wave, aims to promote local job opportunities both on-air and online. Local employers will be encouraged to submit vacancies for inclusion, allowing them to reach a wide audience of local job-seekers free of charge. Job vacancy bulletins will be broadcast four times a day to local audiences and will be promoted on the relevant Greatest Hits Radio and The Wave websites.
As Swansea Sound gets set to join the Greatest Hits Radio Network, it is also announced today that it will welcome esteemed broadcaster Simon Mayo to its line-up. The former BBC Radio 2 host currently hosts a daytime programme on Greatest Hits Radio’s classical sister station, Scala Radio. However, with this move he’ll be returning to his popular music roots as he presents a new weekend show. ‘The Album Show with Simon Mayo’ will be a weekly three-hour programme dedicated to the greatest albums of all time, including features that explore listeners’ record collections and a weekly Classic Album Countdown. This show aims to celebrate the good times and great memories albums bring as Simon plays their Greatest Hits.
Greatest Hits Radio, which will officially launch across Swansea and South Wales on 1st September, offers listeners the biggest songs of the 70s, 80s and 90s, celebrating music from iconic artists like Blondie, Queen, George Michael, Madonna, Fleetwood Mac, David Bowie, Elton John and Whitney Houston. The station’s presenters will include a local weekday line-up as well as legendary broadcaster’s Mark Goodier, Paul Gambaccini, Simon Mayo, Janice Long and Pat Sharp on weekends.
Online applications for the ‘Getting You Back to Work’ campaign will open on the 1st September 2020. Employers looking to participate should email firstname.lastname@example.org more information on how to apply.
Graham Bryce, Group Managing Director – Hits Radio Network Brand,said, “As we look to the future, we’re very excited to add Simon Mayo to our weekend line-up. Simon’s track record speaks for itself and to have someone of his experience and status join the network adds a new dimension to the Greatest Hits presenter line-up.
“Alongside this, our stations continue to be committed to the local community and we’re proud to launch this initiative to provide a valuable boost at a time of great uncertainty and hardship. We know the pandemic has hit communities across the UK hard, and we want to use our privileged position to promote opportunities.”
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- Swansea Building Society unveils bespoke mortgage product for medical professionals