Property
Fast-growing conveyancing firm bought by private equity
A conveyancing law firm only set up in May 2021 has been bought by private equity in a deal that values it at £25m.
Vos eyes machine-made decisions for property disputes
Many property disputes “could be amenable to machine-made decision-making” in the future, the Master of the Rolls has predicted.
Land Registry data puts spotlight on law firm errors
Most of the HM Land Registry customers will avoidable requisition rates of 20% or more are law firms, new figures have revealed.
Estate agency praised for dropping referral fee demands
An estate agency has been praised for publicly disavowing future demands for referral fees, describing them as “the quiet scandal” in the industry.
Digital property pack wins government data prize
A digital property pack which combines multiple sources of data into a “single source of truth” for conveyancers and others has won a government prize worth £50,000.
Conveyancers starting to cut down on ‘avoidable’ requisitions
Efforts to reduce the number of avoidable requisitions that the HM Land Registry has to make are working, new figures have shown.
CLC launches accelerated ‘experience’ route to qualification
The Council for Licensed Conveyancers has launched an accelerated route to qualification for fee-earners who have been working for at least four years in conveyancing or probate.
Conveyancer cleared after exchanging contracts on day of instruction
A solicitor has been cleared of misconduct when acting on the exchange of contracts for an elderly client’s property on the same day he was instructed.
Land Registry “will automate all simple requests” by 2035
HM Land Registry will have “automated almost all simple requests to change the register” by 2035, offering “a near-instant service” for home buying and selling.
Test shows ChatGPT still falling short in key areas, says conveyancer
The latest version of ChatGPT provides first-time buyers with better answers than it did two years ago but still falls short in crucial ways, conveyancing solicitors have warned.
Government awards £1.75m to conveyancing data projects
Two projects that aim to speed up the home-buying process have received £1.75m in government backing from the Regulators’ Pioneer Fund.
Reforms “will push conveyancing fees down by over 20%”
Conveyancing fees should fall by over 20% as a result of a streamlined process and other changes to the home-buying regime announced yesterday, the government has claimed.
Government unveils major home-buying reform plan
The government has unveiled a blueprint to reform the home-buying and selling system, including mandatory upfront property information and digitisation.
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.
Blog
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
The power of participation for trainees and apprentices
It’s important as a trainee or an apprentice to get involved in the life of your firm – even under the pressure of discovering how to navigate professional life and now the demands of the SQE.
Is it time to change how law firms view compliance?
Although COFAs often hold senior positions and play an essential role in a firm’s financial and regulatory integrity, the perception of the compliance function itself is still evolving.
