Practice guide update: PG73, PG52, PG14 and PH11

HMLR practice guide

Statements of truth (PG73) Page summary: Information about the use of statements of truth in support of applications to HM Land Registry (practice guide 73). Change made: Section 1 has been amended as we no longer accept applications for first registration based entirely on copy deeds and documents. Time updated: 6:00am, 11 November 2024 Easements […]

Navigating AML Compliance: A Guide to Choosing the Right Digital Provider

Amiqus

With new developments in guidance around digital identity, sanctions enforcement, and Anti-Money Laundering (AML) compliance, UK firms are operating in an increasingly complex regulatory environment. These shifts demand agility from firms operating in regulated sectors as they balance the need for efficient operations with strict compliance standards. Challenges with Traditional AML/KYC Processes Traditionally, Know Your […]

The Human Cost of Money Laundering: The Challenge for the Legal Sector

As money laundering tactics grow ever more sophisticated, the legal sector faces a mounting responsibility to stay vigilant and proactive in its safeguards. Mev Dzihic, technical lead behind Verify 365, the complete AML, KYC & client onboarding platform, shares his expert insights on this critical issue, shedding light on the global impact of money laundering, […]

Agents still failing to provide material and up front information

Recently conducted research has concluded estate agents continue to fail to provide material and up front information for would-be home buyers, falling foul of consumer protection regulations.  The  Consumer Protection from Unfair Trading Regulations 2008 superseded the Property Misdescriptions Act 1991 in 2013, effectively requiring estate agents to provide ‘material information’ for the benefit of […]

‘Cautious optimism’ after new build activity falls to lowest levels since 2014

An uplift in the number of homes developers have registered their intention to build has given rise to ‘cautious optimism’ from UK house builders according to figures released by the National House Building Council (NHBC). But the picture is tempered by 9% reduction in the number of properties completed by comparison to the same time […]

Property market still on the up says RICS

Buyer demand remains broadly stable and a slight increase in positive sentiment around agreed sales is the story of the latest Royal Institution of Chartered Surveyors (RICS) monthly residential market report.  The RICS Residential Market Survey is a monthly sentiment survey of Chartered Surveyors who operate in the residential sales and lettings markets providing a […]

Mortgage search levels return to pre-Budget levels

Twenty7tec has announced mortgage market statistics for early November 2024. In week 45 (week beginning 3rd November 2024), they saw 264,422 residential mortgage searches, which was up 9.88% on the prior week. 61,557 Buy To Let mortgage searches, which was up 13.36% on the prior week and 100,701 ESIS documents prepared, which was up 12.46% […]