Client money on trial: what Kord’s TPMA webinar means for law firms
Client money has rarely faced more scrutiny than it does right now, and firms across the legal sector are feeling that pressure directly. Kord’s recent webinar, client money on trial: are you ready for TPMAs?, brought together the platform’s commercial and compliance specialists to explain why TPMAs are moving from a niche option to a […]
InfoTrack launches Document Review to flag risks as conveyancing documents arrive
InfoTrack has launched Document Review, a conveyancing document analysis tool that applies more than 2,000 expert-built rules to flag potential risks, missing information and lender requirements as documents enter a matter. Operating within the InfoTrack platform, Document Review analyses around 40,000 conveyancing documents each day. It reviews key transaction documents, including Title Registers, Contracts, TA […]
e4 Strategic launches VERSA Convey to support the next phase of homebuying reform
e4 Strategic has launched VERSA Convey, a digital workflow solution developed in consultation with lenders and conveyancers to modernise the post-offer stage of the property transaction and support the next phase of the government’s homebuying reforms. Built around the operational challenges that continue to affect the post-offer journey, VERSA Convey creates a single digital environment […]
Bank Rate hold is ‘sensible call’ for housing market
The Monetary Policy Committee (MPC) has held Bank Rate at 3.75% by a majority vote of 6-3. Three members voted to increase the rate to 4%. Explaining the decision, the MPC said: “Protracted conflict in the Middle East has contributed to further increases in crude and refined energy prices since the previous meeting, which remain […]
Properties reaching sales agreed fall 5% year-on-year, as housing market shows ‘signs of weakness’
The housing market is showing “increasing signs of weakness” as the number of properties reaching sales agreed has fallen 5% year-on-year for the last four months. According to the latest market update from TwentyCi, data points to a “weaker” Q4 as buyer demand remains subdued and rising swap rates put renewed pressure on mortgage affordability. […]
Law Society ‘will discuss SRA’s COLP and COFA proposals at AGM’
The Law Society of England and Wales has confirmed it will discuss Solicitors Regulation Authority (SRA) proposals for changes to compliance rules at its upcoming annual general meeting in October. The proposal to separate the roles of compliance officer for legal practice (COLP) and compliance officer for finance and administration (COFA) from individuals with decision-making […]
Law Society Diversity Access Scheme awards 16 scholarships
The Law Society has awarded 16 scholarships as part of its Diversity Access Scheme (DAS). Open to aspiring solicitors seeking to complete the legal practice course (LPE) or the solicitors qualifying exam (SQE), the scheme aims to promote social mobility and increase diversity within the legal professional, helping with funding, accessing paid work experience opportunities […]
NAVRO named as UK Finance Mortgage Lenders’ Handbook authorised partner
NAVRO Compliance has become an authorised partner of the UK Finance Mortgage Lenders’ Handbook, following testing of the legal technology company’s systems and processes. As an authorised licensee of UK Finance, NAVRO has formalised the relationship between the two organisations, which it says will reinforce its position as a trusted provider of lender compliance solutions. […]
Leasehold vs commonhold: a debate between a reformist and a realist
Mark Wilson, ALEP member and founder of MyLeasehold, sets out the debate between leasehold and commonhold in an attempt to identify the better structure – but there’s no clear winner. A popular joke in the world of leasehold enfranchisement is: “Why did the commonholder cross the road? To avoid being invited to the AGM […]