Can outsourcing speed up conveyancing transactions?
The latest Today’s Conveyancer podcast discusses the opportunities presented by outsourcing. Joining regular host David Opie is Sophie Swanborough Operations and Marketing Manager at ntitle, an outsourced title checking solution. There is a growing marketplace of organisations who offer outsourced and “unbundled” service into law and conveyancing. At a time when it is increasingly difficult […]
Wellbeing survey confirms lower stress levels for conveyancers working from home
Conveyancing Wellbeing: We have some work to do, but conveyancers are ‘happiest they have been for years’ The Conveyancing Foundation was established over 10 years ago to enhance the lives and wellbeing of those in the conveyancing industry as well as facilitating charity fundraising. The Foundation’s Wellbeing at Work Survey in March 2023 was answered […]
LSAG anti-money laundering guidance update: employee screening process
In March 2023, the Legal Sector Affinity Group (LSAG) published the latest update of the guidance on anti-money laundering. The purpose of the guidance is to assist solicitors and law firms understand their legal responsibilities as outlined in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Employee checking […]
The power of unlocking upfront information in property
Buying and selling property should be an exciting experience, but the current process, replete with legal requirements and financial considerations, still makes it one of the most stressful activities we undertake in our lives. Those of us working in the industry can become hyper-normalised to this, forgetting what it is like to buy or sell, […]
New buyer demand in May most upbeat in a year – RICS
RICS’ latest Residential Market Survey has revealed both new buyer enquiries and agreed sales readings were at their least negative in 12 months. Specifically, the net balance for new buyer enquiries – the proportion reporting a rise minus those reporting a fall – was -18% in May. While RICS describe the trend in demand as […]
Shoosmiths’ conveyancing team rebrands as Swiitch
Shoosmiths’ residential conveyancing practice has revealed that it is undergoing a brand change and will now operate as Swiitch. Partner and head of conveyancing Suman Dally described the move as “doubling down on the human, personal aspect of conveyancing, but with the technology and expertise to help home buyers and sellers navigate even the most […]
FCA ponders making temporary borrower support permanent
New proposals made by the Financial Conduct Authority (FCA) show temporary measures forcing lenders to offer support to borrowers in financial difficulties could become permanent. The FCA has worked with almost 100 lenders on how they treat borrowers in financial difficulty and has sought significant improvements from many of them. Issues identified included not adequately […]
Enquiries in conveyancing: Have your say
Today’s Conveyancer is running a short survey gathering information on the well-documented issues surrounding additional enquiries within the conveyancing process. Please take two minutes to answer the below questions. This follows on from a similar survey last year that found 74% of conveyancers had seen an increase in the volume of enquiries received around the […]
David Newnes backs legal tech start up to solve the conveyancing enquiries problem
Key investor David Newnes, who is a well known senior figure in estate agency having been part of the founder MBO team and PLC Board member at LSL Property Services, owners of a large portfolio of brands including Your Move, Reeds Rains, e.surv, LSLi, has invested in Collaborative Conveyancing legal tech start up. Since leaving […]
Time taken to exchange on a property falling, study reveals
New research from TwentyCI has revealed that the average time to exchange on a property has reduced significantly over the last six months. Specifically, the time taken to exchange has fallen by 7.06% from 132.37 days in October 2022 to 123.64 days in April 2023. “It’s great news that the time to exchange is shortening, […]
Lending to homemovers falls to lowest level since 2009
New data released by UK Finance has revealed that lending to homemovers has fallen to the lowest level since 2009 excluding the period immediately after the first Covid-19 lockdown. Lending to first-time buyers (FTB) has also fallen to the lowest level since 2015, also excluding the aforementioned period. This comes as households have faced more […]
Companies House recognised with international award following ROE implementation
A new register aimed at preventing criminals from using UK property to launder money – the first of its kind anywhere in the world – has received a glowing endorsement from a global business registry network, according to Companies House. The Corporate Registers Forum (CRF) recognised Companies House with an Innovation Award (Excellence) for its […]
