SRA focus on conveyancers to tighten anti-money laundering controls
It has been announced the Solicitors Regulation Authority (SRA) are improving efforts to effectively reduce money laundering activity within all regulated businesses, including law firms and property industry professionals. Conveyancing is a key sector of focus for this scheme, as the handling of large sums of money make it a prime target for criminals. To […]
Bank of England Q2 2014 Statistics released
The Bank of England’s Q2 2014 Mortgage Lenders and Administrators Statistics were released today. The key factors that conveyancers are advised to observe are as follows: 70.1% – proportion of lending for house purchases, 3.7% increase from previous quarter. £36.1 billion – gross advances for house purchases, £4.8 billion increase from previous quarter and 33% […]