Thirdfort combats £1.6bn UK property fraud risk with iProov identity verification technology
iProov, the world’s leading provider of science-based biometric identity verification solutions, today announced that iProov Dynamic Liveness has been deployed within Thirdfort’s client due diligence platform to help prevent identity fraud in legal and property transactions. Thirdfort helps more than 1,500 regulated businesses in the legal and property sectors keep moving in a world of ever-changing regulations […]
LMS welcomes Penrith Building Society to Panel Link
LMS, the UK’s leading provider of conveyancing services, continues to build upon its diverse network of lenders as the company proudly announces its partnership with Penrith Building Society, connecting the lender with the LMS Panel Link service. Established in 1877, Penrith Building Society has helped generations of savers and borrowers by offering simple and straightforward […]
New flood risk planning guidance: What the changes mean for developers and local authorities
After months of anticipation, the government has published its long-awaited update to national planning guidance on flood risk. The new Planning Practice Guidance (PPG) introduces notable adjustments to how the flood risk sequential test is applied, a move that, according to many in the sector, could simplify development in higher-risk areas while narrowing local authorities’ […]
Q3 mortgage activity up in ‘finely balanced’ market
Mortgage lending activity returned to growth in Q3, the latest Household Finance Review from UK Finance reveals. Refinancing also increased, with volumes up nearly 50% year‑on‑year. Lending is now around the stable levels seen in 2022, with forward‑looking data analysed by UK Finance suggesting growth continued into October before flattening in November. Affordability remains ‘very […]
AML solution Click2Check is latest OPDA member
Click2Check, a credit and anti-money laundering check and Open Banking provider, is the newest member of the Open Property Data Association (OPDA). Designed for solicitors, estate agents, financial advisers and mortgage intermediaries, Click2Check provides a client’s credit report, digital anti-money laundering and identity verification reports, and Open Banking transactional data reports in one place. The […]
Industry leaders discuss future of conveyancing in upcoming webinar
Industry leaders from HM Land Registry, Bold Legal Group, TM Group, Taylor Rose and Auxilio will discuss the future of conveyancing in a webinar on Monday 8 December, in a session chaired by Rob Hailstone. The discussion will address how firms can prepare for upcoming digital transformation, manage risk, and enhance operational performance, and explore […]
Source of funds: Why the basics are now the biggest risk in property transactions
In an era of tighter regulation, rising fraud, and increasingly complex financial behaviour, source of funds (SOF) checks have become one of the most challenging, and misunderstood, elements of a property transaction. For estate agents, SOF is no longer simply a conveyancer’s problem. How well buyers prepare their financial evidence can make or break a […]