Tag Results

New mortgage rules “threaten future of smaller law firms”

The launch of the mortgage market review will have a “dramatic impact” on the conveyancing industry, resulting in further polarisation, one of the country’s leading property firms has predicted.

April 14th, 2014 | No Comments »

Court of Appeal puts law firm in the dock after being duped in mortgage fraud

The Court of Appeal has overturned a ruling which excused from liability a law firm which was duped into releasing £150,000 of mortgage funds. It found that the failings of the firm involved in departing from usual conveyancing practice were unreasonable.

February 25th, 2014 | No Comments »

Leading conveyancing firm buys fellow ABS

Countrywide Conveyancing Services – an alternative business structure (ABS) that is one of the country’s largest conveyancing outfits – has issued a statement of its intent to grow by buying another leading property law firm.

February 25th, 2014 | No Comments »

Lender panel data scheme heads for launch despite solicitors’ worries

A privately run portal that will centralise conveyancing panel member firms’ information on behalf of participating mortgage lenders, is gearing up for launch amid controversy fuelled by Law Society reservations about the scheme.

February 21st, 2014 | 2 Comments »

In-Deed brand acquisition aimed at building up online property panel

The In-Deed conveyancing brand has been acquired by the owner of an online property panel – the final step in the dissolution of the country’s first alternative business structure (ABS) failure.

December 10th, 2013 | No Comments »

Scots lawyers decide they don’t want separate representation after all

Scottish conveyancers have voted against the introduction of separate representation for borrowers and lenders – having initially called for it. At an SGM of the Law Society of Scotland yesterday, 847 were against a rule change to the conflict of interest rules while 671 were in favour.

September 24th, 2013 | No Comments »

Top conveyancing firm warns of separate representation “calamity”

Scotland’s largest law firm conveyancer has entered the separate representation debate, critiquing the move as “politically motivated, opportunistic, regressive” and “anti-competitive”, and a “calamity” for solicitors and consumers.

September 20th, 2013 | 1 Comment »

Strong results for the UK’s first ABS

The country’s first alternative business structure and largest conveyancing business revealed strong annual results yesterday. Premier Property Lawyers – which became an ABS on 6 October 2011 – is part of My Home Move, which also has a panel management operation.

September 18th, 2013 | No Comments »

Call to end “double regulation” of conveyancers through CQS and lender criteria

The Law Society’s conveyancing quality scheme and lender-specific requirements amount to double regulation of lawyers and there needs to be a sector-wide effort to resolve the problem, the Council for Licensed Conveyancers has urged.

September 5th, 2013 | 2 Comments »

Earnings up sharply at leading conveyancing ABS

Countrywide plc has reported a “promising first half trading performance” for its conveyancing division, with income up 4% and earnings 12%. Countrywide Property Lawyers is an alternative business structure regulated by the Council for Licensed Conveyancers.

August 5th, 2013 | No Comments »