Property
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.
High Court: Solicitor “turned blind eye” to money laundering concerns
A partner at a London law firm “dishonestly assisted” in misappropriating a company’s funds by turning a blind eye to money laundering issues raised by property transactions, the High Court has ruled.
“Tough winter ahead for conveyancers,” research warns
Conveyancers are set to experience a “sharp decline” in transaction volumes this year amid further consolidation in the market, new research has shown.
Judge heavily criticises solicitor whose client “did not exist”
A tribunal has heavily criticised a solicitor who acted for a woman the judge decided did not actually exist, in a bid to stop a property sale, in a case he described as “quite extraordinary”.
Centralised property data system needed to improve moving process
The government needs to ensure better up-front information and create a centralised property data system to improve the home-buying process, Santander argued yesterday.
Conveyancers sign industry charter to speed up property process
Instructing a conveyancer when a property is listed is number one of an eight-point plan issued by a group of 23 leading organisations to speed up the home-buying process.
Conveyancing fees maintain record high after stamp duty rush
Conveyancing fees have not fallen back after reaching an all-time high in the rush to get transactions completed before stamp duty increased on 31 March.
Conveyancers need reform of Building Safety Act “minefield”
Reform of building safety regulations may encourage professional indemnity insurers to remove their block on conveyancers advising on certain transactions, CILEX has told the government.
SDT rejects managing partner’s bid to blame junior solicitor for errors
A managing partner has failed to convince the SDT to blame the one-year qualified solicitor he was supervising for failures on a conveyancing transaction at an undervalue.
Land Registry needs to ditch “quasi-legal” culture, review finds
HM Land Registry needs to shift from a “quasi-legal” culture to one that is more consumer friendly given the changing nature of the home-buying process, according to a review.
Report backs “targeted approach” to upfront property information
A report for the Digital Property Market Steering Group has outlined a “more targeted approach” to upfront property information, focused on reducing late-stage transaction failures.
Suspension for solicitor who acted on both sides of transaction
A solicitor has been suspended over a “dereliction of duty” that saw him act on both sides of the transfer of an elderly and vulnerable client’s sole residence to a neighbour for nil consideration.
Third-party managed account first for licensed conveyancers
The Council for Licensed Conveyancers has issued its first approval for a law firm to use a third-party managed account for its client funds.
CLC issues warning not to slack off on post-completion work
The term ‘post-completion’ can encourage conveyancers to see applications to HM Land Registry as an afterthought, especially as they are done after collecting the fee, the CLC has warned.
High Court concerned by solicitors’ “fishy” role in possession case
The High Court has highlighted the “fishy” role of two solicitors in a housing possession case in what “looks like a stitch-up” of the occupant by her ex-husband.
Blog
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
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.
