Conveyancing veteran warns against further interest rate rises
Conveyancing heavyweight Lloyd Davies has criticised continued rises in the Bank of England Interest Rate and warned further increases will damage the property market. The Managing Director of Convey Law and Chairman of the Conveyancing Foundation charity also forecast “a slow start to 2023” for house sales. He said: “Interest rate rises again this month […]
HMLR practice guide updates: January 2023
HM Land Registry practice guide updates: PG1, PG6, PG19, PG24, PG73 First registrations (PG1) Page summary: Guidance for conveyancers on how to register unregistered estates in land for the first time (practice guide 1). Change made: Section 5.8 has been updated as where an application for first registration is not based upon a disposition for […]
Conveyancing: What to expect in 2023
2022 saw the conveyancing industry once again pull together to get people moved despite economic and practical pitfalls aplenty. This did, however, come against a backdrop of incessant innovation in an industry which seldom stands still. With this in mind, there is much to consider as conveyancers look towards 2023. Here are the thoughts of […]
Property industry pioneer awarded OBE
Key industry figure Kate Faulkner has been awarded an OBE in the New Year’s Honours List in recognition of her pioneering work in property. Faulkner – the Managing Director of Designsonproperty.co.uk and Propertychecklists.co.uk – has been a pivotal part of the Home Buying and Selling Group’s (HBSG) work as well as that of the Lettings […]
FCA fines Santander over £100m for numerous AML failings
Investigation reveals failings amassed over almost five years The Financial Conduct Authority (FCA) has fined Santander over £100 million due to “serious and persistent gaps” in its anti-money laundering (AML) processes. The FCA found that between 31 December 2012 and 18 October 2017, Santander failed to properly oversee and manage its AML systems, which significantly […]
Scrapping targets to result in 100,000 fewer homes per year – claim
The Director of Mortgage Distribution at Leeds Building Society, Martese Carton, claims that government plans to scrap housing targets will result in as many 100,000 fewer homes being built per year. The latest Levelling Up Bill being passed through Parliament has brought fresh doubts over government plans to target building 300,000 new homes each year, […]
New scheme to improve identity checks when buying and selling property
Etive Technologies (Etive) is working with the Home Builders Federation (HBF) to support homebuilders in complying with government regulation and make identity and anti-money laundering checks easier, faster, and more secure. Throughout the home buying and selling process, consumers must provide the same information to prove their identity and confirm details about themselves numerous times. […]
Today’s Conveyancer Podcast: A year in conversation with the industry
2022 saw the launch of the Today’s Conveyancer podcast which has been steadily growing in popularity over the last 12 months. The podcast has tackled a number of topics including technology, burnout, fees, estate agents, and law firm management. It has profiled individuals and businesses from start-ups to established players in the conveyancing market and […]
2022: A year of volatility and progress
2022 has been a landmark year, both for the mortgage market and the conveyancing sector that supports it. Lenders, conveyancers and brokers have all had to come to terms with almost unprecedented volatility and instability. But this has created a greater drive towards improving our market and the way we serve consumers. Crystalising the need […]
Conveyancing Foundation reflects on a remarkable 2022
The Conveyancing Foundation is a zero-profit registered charity whose purpose is to enhance the lives of those in the conveyancing industry and to support charity fundraising initiatives. In anticipation of some exciting new plans for 2023, the Conveyancing Foundation reflects on a year filled with achievements and truly impressive milestones, with the Foundation reaching the […]
