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 […]
University Research claims knotweed does not pose a threat to properties
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 […]
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 […]
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 […]