Criminals who launder money though UK property could face 5 years in prison
The Government has announced that foreign companies that own UK properties will have to reveal their ultimate owners on the world’s first public register. Furthermore, criminals who illegally profit from owning British property could face up to five years in jail and an unlimited fine. A press release on the Gov.uk website states that making […]
The Solicitors Disciplinary Tribunal seeks to bring clarity to disciplinary proceedings
The Solicitors Disciplinary Tribunal (SDT) has opened a consultation on the current standard of proof used in disciplinary proceedings. The Tribunal is seeking views on whether it should be easier to prosecute solicitors for misconduct. At present, the standard of proof used in disciplinary proceedings is the criminal standard. However, the SDT has requested views […]
Conveyancers comment on low growth in UK house prices
House prices increased by 3% in the year to May 2018 (down from 3.5% in April 2018) according to the Office of National Statistics. This is its lowest annual rate since August 2013 when it was also 3.0%. The annual growth rate has slowed since mid-2016 and has remained under 5%, with the exception of […]
