Confidence High Amongst CLC Regulated Community, Research Finds
New research published by the Council for Licensed Conveyancers (CLC) today reports strong levels of business confidence amongst its regulated community, with almost a half of practices (45%) expecting their work volumes to rise over the next 12 months. A further 42% expected work volumes to remain the same, with just 13% expecting work to […]
Elderly Homeowners Forced To Sell 406 Homes Per Week
On average, 406 older home owners are being forced to sell their homes every week to fund their social care costs. According to new research by Independent Age, 21,120 homes were sold in 2018 with the funds being used to pay for the vital care all people should be entitles to as we age. In […]
Experts Discuss The Property Sector’s Three Demons: Brexit, Cyber Crime And Fraud
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 […]
UK Land Registry Suffocating From Property Fraud Claims
Property fraud has become a major problem across the country as research has revealed the UK Land Registry has received twice as many property fraud claims that they are able to prevent since 2009. Property scams are a serious ever-evolving issue in the UK, with millions lost each year. Through a freedom of information request […]
Lack Of Referral Fee Transparency Could Result In The Demise Of Both Agents And Conveyancers
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 […]