Month: September 2019

Conveyancing

Experts Discuss The Property Sector’s Three Demons: Brexit, Cyber Crime

The Council for Licensed Conveyancers (CLC) cited Brexit, cyber crime and fraud/money laundering as the three main challenges to the property sector in 2019. Throughout September, the Solicitors Regulation Authority (SRA) issued a new scam alert every other day as unscrupulous criminals targeted the perceived rich pickings from law firms and their clients. The scams […]Read More

Property Market

Lack Of Referral Fee Transparency Could Result In The Demise

Over six months ago the National Trading Standards Estate Agency Team revealed new industry guidance to make referral fees more transparent to consumers. Failure to disclose referral arrangements may render an estate agent liable for criminal prosecution under the CPRs and/or action by NTSEAT for warning or prohibition under the Estate Agents Act 1979. The […]Read More

Firms & People Property Market Technology

UKLTA Announces Legaltech Roundtable Series

The Legal Technology Association for the UK (UKLTA) are delighted to announce a series of informative legaltech roundtables taking place across the UK during the Autumn. The aim of the roundtables is to build a greater understanding of the issues around engagement with legal technology and determine how best the UKLTA can help. The output […]Read More

Conveyancing

Freehold Premium Gap Reaches Eight Year High

The gap between the price paid for freehold and leasehold property has reached the widest margin since the property market recovery in 2011. According to HM Land Registry data, analysed by estates agents Benham and Reeves, the difference between a freehold property and equivalent leasehold property is now 12.3%. Although this percentage difference is 2.1% […]Read More

Conveyancing

Young Homeowners Specifically Targeted By Fraudsters

First-time buyers and younger home owners are at increasingly high risk of cyber crime. According to Experian, the number of financial applications made by third party fraudsters between January and June was 14% higher when compared with the same time in 2018. Third party fraud occurs when sensitive information is stolen from a person and […]Read More

Firms & People

Nicole Chrisham Awarded Top Accolade

Nicole Chrisham, a Solicitor at Napthens has been names the North West’s Best Young Conveyancer at the 8th annual LFS Conveyancing Awards. Nicole, who works in the Residential Property team at the firm, was awarded the accolade last week. The wider Residential Property team at Napthens was highly commended in the North West Firm of […]Read More

Conveyancing

LSB Approves CLC’s Plans To Cut Cost Of Practising

The Legal Services Board has approved the Council for Licensed Conveyancers’ (CLC) application to reduce its regulatory fee rate. The reduction supports the CLC’s strategic goal to reduce the regulatory cost burden on CLC practices in a way that is sustainable for the foreseeable future. Practice fee rates will now be reduced by 30% for the […]Read More

Conveyancing

Groundsure Appoints Ambiental Risk Analytics As A New Flood Data

Groundsure, a leading environmental search report specialist involved in over half of UK residential property transactions has appointed Ambiental Risk Analytics as a preferred flood risk data provider for a selection of its reports. As the global climate undergoes rapid and unprecedented changes, the importance of accurate risk reporting continues to grow. Ambiental Risk Analytics […]Read More

Conveyancing

Brexit Uncertainty Restricts Residential Developments

Despite the Government’s desire to solve the housing crisis by building 300,000 new homes per year by the middle of the next decade, it would seem that developers and home owners are reluctant to embark on construction projects as planning application numbers decline in the second quarter of 2019. According to Office of National Statistics […]Read More

Conveyancing Fraud Technology

Increasing Risk and Cyber Threat in Conveyancing Sector

A look at the financial and reputational impact of poor cyber hygiene Recently, the National Cyber Security Centre (NCSC) delved into the cyber threats persistently bombarding the legal sector. The report suggested that throughout 2016/17, £11 million was lost to cyber criminals. Unfortunately, since this point the sophistication of hackers has only increased with their […]Read More

Conveyancing

National Empty Homes Week 2019 September 23rd-29th

Monday 23rd September marks the start of National Empty Homes Week. The Empty Homes Week was founded by Action on Empty Homes to highlight Britain’s underused or completely unused housing stock and to encourage action on how it can serve those with housing needs. Action on Empty Homes estimate that nationally there are over 216,000 […]Read More

X