Property
Solicitor fined for letting down clients over off-plan investments
A solicitor who failed to advise clients on the risks of off-plan, buyer-led investment schemes has been fined £17,000 by the Solicitors Regulation Authority.
Conveyancing fees “vary by 150% for the same service”
Conveyancing fees vary by 150% or more for “essentially the same service”, according to new research, with just 5% of firms offering different service levels.
High Court: Solicitor “turned blind eye” to money laundering concerns
A partner at a London law firm “dishonestly assisted” in misappropriating a company’s funds by turning a blind eye to money laundering issues raised by property transactions, the High Court has ruled.
“Tough winter ahead for conveyancers,” research warns
Conveyancers are set to experience a “sharp decline” in transaction volumes this year amid further consolidation in the market, new research has shown.
Judge heavily criticises solicitor whose client “did not exist”
A tribunal has heavily criticised a solicitor who acted for a woman the judge decided did not actually exist, in a bid to stop a property sale, in a case he described as “quite extraordinary”.
Centralised property data system needed to improve moving process
The government needs to ensure better up-front information and create a centralised property data system to improve the home-buying process, Santander argued yesterday.
Conveyancers sign industry charter to speed up property process
Instructing a conveyancer when a property is listed is number one of an eight-point plan issued by a group of 23 leading organisations to speed up the home-buying process.
Conveyancing fees maintain record high after stamp duty rush
Conveyancing fees have not fallen back after reaching an all-time high in the rush to get transactions completed before stamp duty increased on 31 March.
Conveyancers need reform of Building Safety Act “minefield”
Reform of building safety regulations may encourage professional indemnity insurers to remove their block on conveyancers advising on certain transactions, CILEX has told the government.
SDT rejects managing partner’s bid to blame junior solicitor for errors
A managing partner has failed to convince the SDT to blame the one-year qualified solicitor he was supervising for failures on a conveyancing transaction at an undervalue.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
