Firm Loses £600K In Conveyancing Scam
Fraudsters deceived Woodfords Solicitors by using a phony email to trick them into sending more than £600,000 from the proceeds of a client’s house sale to their bank account. Nicola McConnell, 70, who is a retired educational psychologist was scammed out of £613,000 after selling her five-bedroom in Fulham, London, for £1.9 million. The fraudsters […]
The Importance Of Cyber Certifications: Slater Heelis Case Study
Ensuring that your law firm achieves a recognised Cyber Security accreditation is no longer just a strategy recommended by the government’s National Cyber Security Centre (NCSC), it is a business expectation. Failing to achieve this minimum expectation, will see you ostracised and marginalised from legal firms, consumers and third parties that are desperate to protect […]
Unused Homes Increase In England For Second Consecutive Year
The housing crisis appears to be deepening after it was revealed that the number of vacant and empty homes in England increased for the second year in a row. In total, more than £53 billion worth of property has been empty and unused for more than six months in England alone. According to data obtained […]
Thirdfort Goes Live With Automated Source Of Funds Product
On 10th March, Thirdfort, an FCA regulated software company, launched its first in kind Source of Funds product. It uses bank linking technology to streamline administration, while improving reliability in knowing where clients’ money comes from. A lawyer is able to access this capability through Thirdfort’s website and send the client a text message with […]
Over-50s Confused About Basic Equity Release Terms And Conditions
Latest research has found that the majority of over-55s are confused by basic equity release terms and conditions. This could be worrying for a section of the market that are increasingly using equity release products to release the money tied up in their home. The research, carried out by Sunlife, asked 1,001 people aged over-55 […]
Digitisation Of The Mortgage Process Increasingly Appealing To Consumers
The mortgage and remortgaging sector solidified their transition into digitisation this week with the announcement that Moneysupermarket are launching a comprehensive remortgaging price comparison tool and HM Land Registry’s (HMLR) update on their free digital mortgage platform, Sign Your Mortgage Deed. HMLR announced that a number of high street lenders are adopting the digital service […]
