Property

A law firm has been fined by the SRA for a “fundamental and prolonged failure” to comply with an undertaking it had given in a conveyancing transaction.

The Conveyancing Association has launched a future digital conveyancing protocol to help firms prepare for the “huge step forward” that greater use of upfront information and technology will achieve.

Rules on the information that must be included in property listings are to be extended next month to cover issues such as restrictive covenants and flood risks, National Trading Standards has said.

A solicitor who changed the date on a legal charge having missed the deadline for registration at Companies House has been struck off by the Solicitors Disciplinary Tribunal.

The government was yesterday told repeatedly of the need to mandate conveyancers and the rest of the home-moving sector to adopt new ways of working – but the calls look set to fall on deaf ears.

The Solicitors Regulation Authority has been slapped with a £75,000 costs order after making an “essential mistake of law” in a failed prosecution of a solicitor.

The introduction of binding offers, backed by widespread use of artificial intelligence, holds the key to improving the conveyancing process, a leading figure has predicted.

A judge has refused to order the sale of a house after finding that the buyer’s solicitor “cut corners” and did not hold a signed contract at the point of exchange, despite claiming he did.

A law firm which failed to follow its internal processes and transferred the proceeds of a property sale to a third party has been fined for misconduct.

Conveyancers and other property professionals believe their mental health is better than it has been since before the pandemic despite high levels of stress.