Fully avoidable requisitions down 7% on 1.6m applications, says HMLR
Fully avoidable requisitions make up nearly 5% of all applications to HM Land Registry according to newly published data aimed at helping conveyancers identify where issues are arising and what action may be taken to help reduce them. Avoidable requisitions, the identification of a requisition that contains missing, unclear or inconsistent information which could usually […]
FCA proposes changes to help more people access mortgages
Updates to borrowing rules could see first-time buyers, older borrowers and the self-employed find it easier to get a mortgage, as the Financial Conduct Authority (FCA) acts on its ambitions to reform lending in the mortgage market. Lending standards have significantly improved since the early 2000s, with over 99% of mortgages originated since 2014 still on […]
DSIT launches AI Growth Lab to target legal services innovation
The Legal Services Board (LSB) and Council for Licensed Conveyancers (CLC) will play key roles in the newly established AI Growth Lab, a government-led advisory sandbox intended to accelerate the development and deployment of AI products and services. Legal services is the first sector to participate in the Department for Science, Innovation and Technology (DSIT) […]
LSB appoints new director of strategy, policy and engagement
The Legal Services Board (LSB) has appointed Jelena Lentzos as director of strategy, policy and engagement. She will lead the LSB’s strategy, policy, and research teams at what the organisation said is a “pivotal moment for legal services regulation”, defined by “rapid change, growing consumer need, and significant opportunity for sector-wide growth”. Lentzos previously served […]
Making open property a reality: Conveyancers and the future of smart data
Following the launch of the Centre for Finance, Innovation and Technology’s Open Property Roadmap, Leon Ifayemi, director of coalitions and research at CFIT, explains why conveyancers will play a crucial role in its delivery. For most people, buying or selling a home remains one of the most stressful and uncertain transactions they will ever […]
How smaller conveyancing firms are gaining an unexpected edge with AI
Dimple Rama from property tech company Orbital says AI can help conveyancers gain a competitive advantage – but before you invest in new technology, you have to know what you want it to do. Consolidation is reshaping residential conveyancing. Larger, volume-led firms are growing their market share, transaction numbers are up and smaller firms […]