Month: July 2018

Conveyancing

Northern Ireland ‘memorandum of understanding’ could be blueprint for England

In March this year, solicitors, surveyors and estate agents in Northern Ireland agreed to a memorandum of understanding (MOU) to improve communications between all parties. The agreement, which offers “another layer of reassurance of ‘best practice’ in home-buying and selling”, could now be used as a template for the conveyancing process in England and Wales. […]Read More

Firms & People

New role for risk and compliance expert at Legal Eye

Legal Eye’s Senior Compliance Manager Helen Glaze has been promoted to the newly created role of Head of Risk, Compliance and Best Practice. The change is in recognition of Helen’s strong technical knowledge and her increasing involvement in the senior leadership team especially in the areas of strategy and management. In her new role Helen […]Read More

Legislation & Litigation Property Market

Law Commission publishes enfranchisement plans for leasehold homeowners

The Law Commission has published proposals to change the law and make it easier for leasehold homeowners in England to buy the freeholds of their properties. The Commission is currently looking at a programme of work which includes residential leasehold, enfranchisement and commonhold reform. The latest pre-consultation paper comes in advance of a more detailed […]Read More

Environment Property Market

University Research claims knotweed does not pose a threat to

Leeds University and engineering firm Aecom found “no evidence” of Japanese Knotweed being problematic to properties and claimed it “posed no more of a threat … than trees, climbers and other shrubs”. Despite this recent study suggesting that the growth is relatively harmless, knotweed still remains a huge problem for sellers. The research also contradicts […]Read More

Firms & People

New Money Laundering regulations edge closer

The UK government has again confirmed that it will adopt the EU Fifth Anti-Money Laundering Directive (5AMLD), enacted earlier this year. Lord Henley, a Parliamentary Under-Secretary of State at the Department for Business, Energy and Industrial Strategy, noted in a private letter to Margaret Hodge MP that the January 2020 deadline for transposition of the […]Read More

Fraud Property Market

Be aware of Red flags in conveyancing transactions

When it comes to money laundering and terrorist financing, there are some ‘Red Flag Indicators’ that conveyancers should be aware of. This advice could be particularly important following the announcement that conveyancers could be liable for identity fraud under new proposals put forward by the Law Commission. The CLC has published two documents to provide conveyancers with an overview […]Read More

Compliance Legislation & Litigation Property Market

CLC handbook update: Acting as ancillary insurance

The CLC is making changes to relevant sections of the CLC Handbook to ensure all its regulated practices will be compliant with the Insurance Distribution Directive (IDD) when it comes fully into force from 1 October this year. The IDD is EU legislation which sets out the regulatory requirements for firms designing and selling insurance products. The IDD replaces the current Insurance Mediation Directive (IMD). The IDD will […]Read More

Legislation & Litigation Property Market

Law Commission propose radical leasehold reform

The Law Commission has put forward radical new proposals aimed at delivering a fairer deal for leasehold homeowners. Designed to give leaseholders security and control over their homes the proposals include: Options for changing the valuation formula, making it easier for homeowners to buy the freehold Removing the requirement that leaseholders must have owned their […]Read More

Compliance Fraud

SRA Risk Outlook 2018/19

Today the SRA have released their Risk Outlook 2018/19. They have included two new priority risks this year: 1. Managing claims ‘We are increasingly concerned about the practises of some firms that offer personal injury work, including holiday sickness claims. Similarly, some firms bringing payment protection insurance claims may not always be meeting the high […]Read More

Technology

Blockchain development could safeguard evidence

A leading global provider of digital evidence management has filed a patent application to tie blockchain security to its software. Caselines – which is currently digitising trial bundles in the courts – has called on justice ministries and law firms across the globe to embrace the technology. The latest move, which is thought to be […]Read More

Firms & People

Redbrick Solutions shortlisted for Innovation and Excellence Award

The Corporate LiveWire Innovation & Excellence Awards 2019 celebrate the success and achievements of firms and individuals that have taken an innovative approach to demonstrate exceptional business performance.  Redbrick Solutions are delighted to have been nominated and shortlisted for this prestigious award.  The awards honour those who standout as consistently showing best practice in every […]Read More

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