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Licensed conveyancers unveil rival to CQS amid warning that lenders are becoming backdoor regulators
The body representing licensed conveyancers has launched a quality assurance scheme uniquely linked to their regulator in a bid to help detect mortgage fraud. The move by the Society of Licensed Conveyancers goes significantly further than the Law Society’s Conveyancing Quality Scheme.
Exclusive: top conveyancing practice becomes the first ever ABS
Legal Futures can reveal that Premier Property Lawyers – one of the largest conveyancing businesses in the country – has today become the first ever alternative business structure as the new regime finally gets underway.
Rightmove founder vows to dominate online conveyancing market in three years
The founder of property website Rightmove enters the law today with the intention of making his online conveyancing service the market leader within three years, Legal Futures can reveal. It is being marketed on the basis of service quality, rather than price.
The end for “licensed conveyancers”? CLC seeks new name as it bids for ABSs’ business
The Council for Licensed Conveyancers is investigating a new name for both itself and those it regulates as part of plans to attract alternative business structures shopping around for a regulator. It plans to use its position as an ABS licensing authority to strengthen and grow its “regulated community”.
Licensed conveyancers on top as Land Registry figures expose “cottage industry”
The fragmented nature of the conveyancing market has been laid bare by figures showing that nearly a third of the 9,000 legal practices which registered dealings with the Land Registry last year handled 10 or fewer transfers. While MyHomeMove made almost 10,000 applications for transfers in 2010, 834 firms only made one application the whole 12 months, according to Land Registry figures.
Exclusive: leading volume conveyancer goes into administration
One of the country’s leading volume conveyancing firms has gone into administration following the abolition of home information packs, Legal Futures can reveal. While Fridays Property Lawyers Ltd – a licensed conveyancing firm which recently began offering probate services too – has been sold in a pre-packaged sale, there have been an unknown number of redundancies.
Conveyancing Association launches to lobby over lender panels and prepare for ABSs
Volume conveyancers are reaching out to all “serious” conveyancing practitioners in a bid to form a new representative body for the sector. The Conveyancing Association – which has grown out of the Direct Conveyancing Association – launches today with a rallying call against restricted lender panels and for conveyancers to respond to the impending challenge of alternative business structures.
Property slump hits licensed conveyancers
The property slump has had a major impact on the ranks of licensed conveyancers, with the number of students more than halving in just two years. But they are starting to take up their new probate rights.
Licensed conveyancers seek litigation rights
The Council for Licensed Conveyancers (CLC) is set to apply to the Legal Services Board for the power to grant rights of audience and rights to conduct litigation to licensed conveyancers. It is part of a package of measures aimed at putting the CLC in the position to apply to become an alternative business structures licensing authority.
