Month: September 2021

Conveyancing Guest Writers Legislation & Litigation Property Market

Will leaseholders see property ‘levelling up’ now Gove’s in charge?

In September housebuilder Countryside Properties became the latest big developer to pledge an end to ground rents on leasehold properties. For thousands of leaseholders who bought homes from them it means they will no longer be subjected to the unfair rent system that doubles rates every 10 to 15 years. For many homeowners, entering into […]Read More

Guest Writers Professional Indemnity

Firms explore new funding options as the deadline for PI

As you will know, the start of October tends to mark an important financial deadline for many professional practice firms, especially in the legal sector, as it’s traditionally the time when they have to renew their Professional Indemnity Insurance (PI). The insurance is a requirement for lawyers and solicitors, but it also applies to a […]Read More

Firms & People Organisations

Landmark Information Group appoints Business Development Director to extend commercial

With a strategic focus on developing its reach in the Scottish property market, Landmark Information Group, the UK’s largest property and land data business, has announced the appointment of Lorna Kerr as Business Development Director, Scotland. Lorna joins from OnTheMarket where she led the rollout and market growth of the estate agency portal in Scotland, […]Read More

Conveyancing Organisations Property Market

Housing Growth Partnership announces more funding for developers

The Government has announced an additional £300 million in funding for the Housing Growth Partnership (HGP) which aims to build 10,000 new homes by 2025. Formed in 2016, HGP announced yesterday that a new £300 million equity funding programme provided by Homes England and Lloyds Banking Group would help to bridge the homebuilder funding gap […]Read More

Conveyancing Property Market Technology

The blockchain revolution; first steps to speed up mortgages

Coadjute, the real-time network that connects the property market, has announced plans to enable retail banks in the UK to issue a mortgage stablecoin on their network, working in partnership with global technology firm R3. The service is set to vastly improve the movement of mortgage funds, which amounts to over £240bn each year nationally. […]Read More

Organisations

Reporting on Title – What to Include & What to

The role of a property lawyer acting for a purchaser goes beyond carrying out the appropriate searches, raising enquiries and investigating title – it also includes ensuring that the client fully understands what they are buying. In Stewart Title’s next FREE CPD webinar Reporting on Title – Inform, Explain & Advise on Wednesday 29 September, property expert […]Read More

Organisations

SDLT risks and how to solve them

Amid a recent drastic increase in property transactions and in light of increased claims in this area, we asked SDLT Compass, expert advisers on the subject, to highlight the key risks of SDLT and how best conveyancers can handle these. As one of the areas of work with the most PI claims, conveyancers face many risks, […]Read More

Compliance Conveyancing Technology

Legal Bricks launch Biometric face scanning ID checks

Legal Bricks have today announced the official launch of their Biometric face scanning ID checks – available as a standalone product or as part of their conveyancing client on-boarding portal, LB Connect. With the rise of fraud within conveyancing transactions, especially identity fraud, and tighter regulations around ID checks and the way clients are onboarded, […]Read More

Environment

Terrafirma enhance guidance on natural ground stability hazards

Ground risk specialists Terrafirma has announced a much-anticipated overhaul of the natural ground perils section in the Ground Report. The award-winning report is used by conveyancers to understand whether mining or natural ground instability hazards has implications for the property they are transacting on. Natural ground perils, such as collapsible deposits, compressible ground, running sands, […]Read More

Conveyancing

SDLT holiday enters final week…

Thursday 30th September sees the final day on which the Stamp Duty Land Tax relief is applicable. Relieved conveyancers up and down the country will be able to breathe a sigh of relief as the end of the second phase of tapering will see SDLT revert back to the previous thresholds. £125,000 for residential properties […]Read More

Fraud

Impersonation fraud losses rocket

The scale of criminal activity which leads to financial loss has been laid bare by UK Finance’s half year fraud update. In total £753.9 million was stolen through fraud, an increase of 30 per cent compared to the same period last year. As banks improve their security measures, for the first time Authorised Push Payment (APP) […]Read More

Conveyancing Organisations Property Market

Developers criticised for “stockpiling” land to be taxed under new

Draft legislation has been published for a new tax that will be levied on large developers’ profits from buying and selling land with planning applications, to contribute to the government’s cladding remediation costs. Rishi Sunak is set to announce the tax on developers with profits over £25 million in his autumn budget, which should raise […]Read More

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