Property

The first ever automated remortgage has been completed by a new system that also picks out those remortgage matters that require legal advice.

Property Exchange Australia (PEXA), which processes 80% of conveyancing completions in Australia, is to acquire specialist property law firm Optima Legal from listed company Capita.

Up to seven out of ten updates to the land register will be automated by March 2025, HM Land Registry has predicted, as it pledged to promote “a secure and inclusive digital system of conveyancing”.

The number of active conveyancing firms has begun to shrink again after last year’s boom, with the biggest practices increasing their market share, new research has found.

There is a “growing body of opinion” that conveyancers have a duty of care to advise clients on the risks climate change represents to property, it was claimed today.

A conveyancing alternative business structure launched last month aims to cut transaction times by at least a month, using a chatbot to help clients complete a seller’s pack.

The merger of two of the four big property search providers “substantially lessens competition”, the Competition and Markets Authority has decided, ordering Dye & Durham to sell TM Group.

At-a-glance guide for conveyancers to help with lease extension applications where the existing lease is being surrendered and a new lease granted

Nearly four in ten estate agents (39%) believe that greater “mutual respect” would most improve their relationship with conveyancers, but lawyers would prefer to see a focus on better collaboration.

HM Land Registry was hit by a surge of 85% in complaints over the past year in the wake of the property boom sparked by the stamp duty holiday, its annual report has revealed.