Property

A large conveyancing firm in the North-West is to close its doors on Friday, with its two directors taking some staff to join the practice owned by listed company Smoove.

Estate agents would “absolutely, categorically” accept conveyancers increasing their fees if it meant speeding up the process, an industry leader said last week.

Conveyancing firms are refusing to handle transactions involving flats in blocks with five or more storeys because of concerns about their liabilities under the Building Safety Act 2022.

The November 2021 cyber-attack on the Simplify Group – the country’s largest conveyancing business – cost it £6.8m and also suppressed fee income, its annual report has shown.

PEXA, the Australian conveyancing technology giant that last year bought a UK law firm, could expand its operation here yet further by acquiring listed company Smoove, which also owns one.

A project to build a digital settlement prototype that speeds up payments in conveyancing by linking banks, conveyancers and HM Land Registry has ended successfully.

A partner in a large Midlands law firm, who tried to “trick” an elderly farmer out of part of his protected tenancy in the way he sent notices to quit, has been suspended for a year.

Almost nine in 10 vendors would pay more to have a faster conveyancing process, new research has revealed. as we report too on the latest BASPI iteration and proptech investment.

A law firm has successfully fought off a former client’s bid to broaden a multi-million-pound negligence claim after the High Court found the losses too remote to be recoverable.

A full review of the reserved legal activities is not justified at the moment without a “fundamental” reappraisal of the Legal Services Act too, the Legal Services Board has concluded.