Property

A partner who failed to conduct proper client due diligence in property transactions that had signs of money laundering has been fined £15,000.

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.

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.

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”.

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.

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.

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.

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.

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.

Slow response time is by far the biggest ‘pain point’ homebuyers have when dealing with conveyancers, according to new research.

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, 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.

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.