Government report suggests complicity in money laundering “rife” in legal sector
The Law Society Gazette have published an article indicating that lawyers are shocked about the publication of an inter-governmental report which suggests complicity in money laundering and terrorist financing is “rife in the legal sector”. The report, Money Laundering and Terrorist Financing Vulnerabilities of Legal Professionals, which was published last month by a body called […]
Part exchange increasing in popularity
The number of part exchange sales has increased 11% year on year. According to the latest data from Move with Us, a change in the types of property being built and schemes such as NewBuy are behind the increase. Robin King, Director at Move with Us, said: “We’ve seen some encouraging signs for the property […]
Move away from traditional searches
Over the last two years 89% of the top independent solicitor and Licensed Conveyancer firms, identified by the Land Registry, have chosen to use searches from personal search providers rather than those supplied by Local Authorities. The data was gathered from a survey of Council of Property Search Organisations (CoPSO) search code subscriber members. CoPSO […]
Supply and demand imbalance continues
New buyer enquiries in June increased to +38, the highest level since August 2009, whilst sales to stock ratio edged down. According to the June RICS Residential Market Survey rising demand is at least partly due to increased availability of credit. The relatively small amounts of stock coming onto the market, has resulted in this […]