Conveyancing Firms At All-Time Low As Smaller Businesses Fall Victim To Market Consolidation
Number of active conveyancing firms in England and Wales down to the lowest since records began in 2011 The number of smaller conveyancers (handling up to 25 cases a month) has reduced by 10% in the last five years, while larger conveyancing firms (handling over 50 cases a month) has risen by a third (31%) […]
FATF Critical Of Legal Sector’s AML Systems
The intergovernmental Financial Action Task Force have produced a report this month assessing the UK’s ability to combat money laundering and terrorist financing. Overall, the report claimed that the UK’s ‘AML/CFT regime is effective.’ However, the report was critical of both the regulators’ ability to supervise and the legal sector’s ability to effectively apply preventative […]
60% Of Young People Unaware Of Shared Ownership
Owning a property without acquiring the help from either loved ones or governmental schemes is now extremely difficult. Ownership has become all the more unattainable because of rising property prices and relatively low wages that have not always increased with inflation. Younger aspirational buyers have therefore relied more heavily on schemes like Help to Buy, […]