Failed transactions cost sector extra £21m this quarter, latest estimate reveals
The number of property sales in the UK which fell through rose by 9.8% during the first quarter of 2026, the latest index by the House Buyer Bureau reveals. Failed transactions cost the housing sector an additional £20.9 million compared to the previous quarter. Analysis of the latest data from TwentyCi shows that an estimated […]
Flood Re establishes framework for Flood Performance Certificates
Plans to introduce the flood-related equivalent of an Energy Performance Certificate moved closer this week following publication of new research into a standardised data template for the systematic collection and documentation of household resilience and flood risk information. Flood Performance Certificates (FPCs) will provide householders with an assessment of their property’s resilience to flooding. The […]
Damned if you do and damned if you don’t: Directive on the use of AI in law
Lawyers could be sanctioned for not using artificial intelligence (AI) where it has the potential to improve professional ability, and for misusing AI where its use throws up errors and hallucinations. A Legal Statement on Liability for AI Harms, published by the UK Jurisdiction Taskforce (UKJT), has warned that lawyers who fail to use AI […]
UK Finance explains ‘visionary’ digital finance scheme that will help cut conveyancing fraud
UK Finance has shared a video explaining how the use of tokenised sterling deposits are the “visionary” next step in the digital finance transformation. The Great British Tokenised Deposit (GBTD) initiative is a collaborative industry pilot project to deliver the first UK live transactions of tokenised sterling deposits. The remortgaging process is one of three […]
Monisha Shah: Reshaping the approach of the Legal Services Board
Monisha Shah, chair of the Legal Services Board, outlines the organisation’s changing approach and what it means for the legal sector. It has been three months since I took up the role of Chair of the Legal Services Board, and I want to take this opportunity to share some reflections on what I have […]