Wright & Wright LLP
Remember, remember the 1 May!
Greetings!
 
Many of you will still be reeling from the fun-packed FSA meeting of a fortnight ago and many others will be considering whether they want to continue in SARB.
 
I hope that the majority will continue to seek the positives from regulation and the opportunities this will bring many businesses to develop their own models.
 
Whatever your viewpoint you have a chance to make your voice heard formerly by contributing a response to both consultation papers. We certainly will!
 
You can respond using the following e-mails:
 
 
for the FSA: cp09_06@fsa.gov.uk
 
We thank those of you who have already been taking advantage of our free compliance consultation and we hope you have learned from it. Our compliance consultant, Claire, has certainly been kept busy!
 
We hope to launch a new fixed fee Assist2Apply service too.
 
Conveyancing
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We are the only dedicated SARB law firm to be approved as part of the Land Registry portal scheme
 
SARB CASE MANAGEMENT models
 
Automatic VERIPHY instruction, property comparables and  money laundering checks
 
ONLINE Case Tracking
 
FRONT Loaded Procedures
 
Technical INSOLVENCY know-how
 
APPOINTED panel lawyers for The Mortgage Works, Platform, Edeus and SPML
Regulation
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We are the only dedicated SARB law firm to be assisting the Treasury and FSA on regulation
 
UNIQUE insight into regulatory drafting
 
REGULATION experience with Lenders
 
COMPLIANCE documents and processes
 
SPV Development to re-introduce the armchair investor
 
EXPERIENCE in a regulated environment advising on insolvency risks for SPML, Unity and DB Mortgages
 
Title Insurance
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We have developed the ONLY combined title insurance for Landlords and Tenants BESPOKE for Sale and Rentback
 
12 months in development

All Inclusive Title Insurance for conveyancing INCLUDING INSOLVENCY cover
 
Saving of £316.16 on EACH transaction 
 
NEW Tenant Insurance to cover dislocation costs, enabling you to provide a guarantee
 
NEW RISK identifiers and scores for tenant's credit and potential insolvency 
ACT NOW.
 
If you are interested in developing a working and long term relationship with us then get in touch. We remain committed to achieving best practice and success amongst our Clients enabling you to develop your proposition as you want it to be.
 
 
Kind regards,
 
Julian Sampson
Wright & Wright LLP
+44 (0)1483 531264
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Wright & Wright LLP is regulated by the Solicitors Regulation Authority. All transactions carried out will be undertaken in accordance with strict service and introducer agreements established with you.
Diary Dates for you
 
 
Regulation has been quick to come upon us but the framework has substantively been in place with the home reversion/ home purchase plan legislation. Your own preparation will need to be similarly speedy and hopefully will build on your existing systems. We recommend the following timetables for you,
 
 
 
April:
28 April: NLA Meeting
 
Submit any thoughts you have on the consultation papers to Wright & Wright for onward transmission to the FSA.
 
1 May 2009: FSA Consultation ends and new regulations proposed
 
July 2009: Anticipated "R" Day
 
August 2009: Non authorised firms risk criminal sanctions if they continue to transact.
 
2010: Full Regulation