Why AI could hold the key to revolutionising legal work on UK property transactions
This year has shown us that more than ever technology is an essential part of how we work. Integrating transformative technologies such as AI and machine learning should be front of mind if we are to build on the progress made to date around streamlining and improving efficiencies in vital legal real estate processes. We […]
Conveyancers to be ‘more’ vigilant states 2020-21 SRA Risk Outlook
The latest Solicitors Regulation Authority (SRA) Risk Outlook 2020-21 gives a stark reminder to the conveyancing industry that they are most at risk to be targeted by money launderers. It states that conveyancers and the firms they work for need to be more alert as they are currently at ‘further risk’ of being used to […]
The impact of Covid on turnaround times in a conveyancing transaction?
Lockdown, mortgage payment holidays, a rise in mortgage applications and the move for many staff to home working has impacted on turnaround times but improvements are being made. The Building Societies Association said in some instances the time period between mortgage offer and completion has been longer than normal, but there are also examples where […]
HMRC data shows property market still recovering due to lockdown
The latest data from HMRC has revealed that residential property transactions for the UK have increased in October 2020 compared both with September 2020 and October 2019. The increase in figures is thought to be as a result of the pent up demand due to the UK wide lockdown as a result of the coronavirus […]
Help to Buy scheme applications open next month
Applications for the government’s revamped Help to Buy Equity Loan scheme are set to open on 16 December 2020. The scheme will run from April 20211 to 2023, and applies to new build only, enabling first-time buyers (FTBs) to borrow up to 20% (or 40%) in London the cost of a new build, paying a […]
Legal Eye Launches Risk and Compliance Hub
Risk and compliance consultancy Legal Eye is launching an online resource centre for law firms. The hub provides a comprehensive bank of resources to help COLPs, COFAs, partners, directors and managers to manage risk. It includes precedent policy and procedure documents and templates, access to online training on a range of risk and compliance topics, […]
Feel Good Friday: Aconveyancing
There have been lots of positive things happening across the sector this week, so we wanted to share these good vibes with you as part of our ‘Feel Good Friday’ news items. Here is a little snap shot of what’s been going on. Aconveyancing achieve Cyber Essentials accreditation Aconveyancing is proud to have been awarded […]
Challenges and opportunities of Brexit for construction industry
It was with much anticipation that the construction industry waited to find out exactly what was included in the new planning laws of July 2020. The changes announced by Robert Jenrick, the Housing Secretary, are focused on speeding up the processes that supply new homes to market, and helping breathe new life into town centres […]