Property
Land Registry pilot aims to stop lenders chasing conveyancers
HM Land Registry is working with mortgage lenders to ensure they no longer need to chase conveyancers for updates on the progress of registration applications.
Solicitor fined £15,000 fine for AML due diligence failures
A partner who failed to conduct proper client due diligence in property transactions that had signs of money laundering has been fined £15,000.
Solicitor who breached undertakings agrees to leave profession
A solicitor whose failure to comply with multiple undertaking he gave caused significant losses for investors in two property developments, has agreed to leave the profession.
Law firm specialising in wayleaves obtains Ofcom powers
A law firm specialising in wayleave agreements has obtained Ofcom code powers to support the roll-out of full-fibre broadband through its sister company in what is believed to be the first move of its kind.
Tribunal ends solicitor’s indefinite suspension after 15 years
The SDT has permitted a solicitor it indefinitely suspended 15 years ago to return to practise after he provided “full and comprehensive evidence of training in property law”.
Fine for solicitor who acted for both property developer and investor
A solicitor who acted for a property investment company and an investor has been fined just over £9,000 for breaking conflict of interest rules.
“Instruct conveyancers early”, Trading Standards tells sellers and agents
National Trading Standards has encouraged sellers and estate agents to engage conveyancers earlier than now after it made clear all the information that needs to be included in property listings.
Number of conveyancing solicitors slumps as market contracts
The number of conveyancing firms and particularly solicitors has dropped significantly over the past two years in line with the major downturn suffered by the property market.
Leading firm fined £101,000 for anti-money laundering failures
A leading South-West law firm has been fined £101,357 for failing to act over money laundering red flags on three property transactions, two of which may have involved a sanctioned entity.
Pre-contract enquiries platform aims to save conveyancers “weeks”
A pre-contract enquiries platform created by a law firm founder and already used by 230 lawyers, aims to cut “weeks not days” from conveyancing transaction times.
Nearly half of homebuyers say lawyers are too slow in responding
Slow response time is by far the biggest ‘pain point’ homebuyers have when dealing with conveyancers, according to new research.
Upfront information takes centre stage in conveyancing “roadmap”
Expanding the amount of mandatory upfront information which must be provided by sellers when a property is marketed is a central part of the “roadmap” for the future of home moving.
PEXA agrees £31m Smoove deal in bid to grow conveyancing presence
PEXA, the Australian conveyancing technology giant that last year bought a UK law firm, is set to expand significantly after agreeing a £31m deal by buy listed company Smoove.
SRA fines firm that failed to comply with undertaking
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.
Digital protocol prepares conveyancers for “huge step forward”
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.
Blog
Motor finance – the FCA is more worried about banks than consumers
The Financial Conduct Authority’s motor finance redress scheme announced last week amounts to one of the largest ever consumer failures by the regulator.
Mazur: a symptom not a cause?
If Mazur is a symptom, what does it mean for the underlying health of our civil justice system: the ‘finest legal system in the world’?
Cross-generation collaboration: the key to in-house legal tech adoption
In-house legal function leaders will increasingly have to evolve their thinking on how to manage multigenerational teams containing differing levels of technological expertise.
