SRA launches new scam alert search
The SRA has launched a new online scam alert search to make it easier to find warnings about bogus solicitors. Due to a sharp increase in scam alerts the Authority has created instant access to the entire collection of alerts, including archives, instead of just posting them on their website. The new system on their […]
Rate rise will hit house-buyers hard
House buyers will struggle to make end meets if the proposed interest rate rise in 2015 goes ahead, after over a third of home-buyers admit they would find it difficult to cope if their mortgage became more expensive. The average price range for property purchasers is £235,000 and with a combined income of £50,674, the […]
Bank details fraud warning
Solicitors are being targeted by fraudsters trying to obtain client bank details, warns the Law Society of Scotland. Con artists are carrying out scams by calling lawyers pretending to be from bank fraud or relationship management teams. Director of financial compliance at the Law Society, Ian Messer, said: "This continues to be a serious current […]
New offence will curb crime profits
A new offence of ‘participation in an organised crime group’ can now help ensure professionals who profit from crime can be brought to justice. The new rules, announced in the Queen’s speech on Wednesday, mean they can no longer claim ignorance of their clients’ activities as a defence against prosecution. It could cover anyone who […]
Ripple effect making waves
The long-anticipated ripple effect created by London homeowners selling up and boosting the market in other regions is well underway, according to new research. Londoners have purchased 14,700 homes outside of the capital this year, with an average spend of £330,000 a combined total of almost £5 billion, according to international estate agent, Hamptons. These […]