Register tax advice work now or face SRA enforcement, law firms warned

Solicitor firms could face enforcement by the profession’s regulator if they do not register their tax advice work under new anti-money-laundering (AML) obligations, the Law Society of England and Wales has cautioned. Earlier this month,

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The Legal Ombudsman’s (LeO) proposed 19% budget increase is not justified and needs to be revisited, the Council for Licensed Conveyancers (CLC) has said in proposing the creation of an external task force to help

Legal service workers will work extra 20 days when working from home

Law firms are gaining the equivalent of an extra 20 working days a year from employees putting in longer shifts when they work from home, according to new research from Atlas Cloud. The research reveals

SDLT debate will happen....on Monday

There may be a welcome sigh of relief from those in the housing market as a date has now been set for the SDLT petition to be heard. It’s on Monday 1 February 2021 at

Women in Residential Property Christmas event raises over £1,000 for the charity, Ella’s

The Women in Residential Property network (WIRP) which aims to encourage collaboration and understanding between women working across the residential property industry raised over £1,000 for the charity, Ella’s at their last event of 2020.

HM Land Registry Local Land Charges Annual Conference 2019

The latest data for the HM Land Registry Transaction figures have been released. The Transaction Data indicates that in December, 1,431,694 applications were completed by Land Registry. For regional applications, the South East came top

New AML Guidance needs a careful review

With the release of draft guidance on anti-money laundering guidance on 20 January 2021, there has been a furry of conversation about what this means. Amy Bell from Teal Compliance, has shared her recent blog

Is your firm making these compliance mistakes?

Olly Thornton-Berry, co-founder and Managing Director of Thirdfort has shared his insight into some of the errors firms can make when it comes to ensuring they remain compliant. The subject of compliance has been at

Flood Re's Chief Executive shares the value of FPCs

Andy Bord, Flood Re’s Chief Executive, has today given oral evidence to an eminent House of Lords Select Committee which has been appointed to consider risk assessment and risk planning in the context of disruptive

Movers and Shakers - 22 Jan 2021

A new year, often means a new start, and here at Today’s Conveyancer, we wanted to share with you the good news we’ve had within in the industry of professionals joining firms and those who

Data shows property transactions up

Latest figures released by HMRC has revealed that property transactions are unsurprisingly higher as a result of the pent up demand the market was experiencing. The headline figures released by HMRC show that the provisional

MP disappointed Rees-Mogg suspends debates

Labour MP Catherine McKinnell has expressed her disappointment that government won’t debate the many online petitions that have reached the threshold, including the stamp duty land tax (SDLT) extension petition which has received over 118,000

AML guidance shake-up to help conveyancers

The Legal Sector Affinity Group (LSAG), which includes all UK legal sector professional bodies and supervisors, has completed an extensive revision and redraft of its anti-money laundering (AML) guidance. This replaces previous versions of the

The UK’s Residential Property Sector advocates greater adoption of the UPRN

Greater adoption of the Unique Property Reference Number (UPRN) will deliver substantial benefits to UK society. On 12 January, a cohort of the most prominent bodies in the UK’s Residential Property Sector (RPS) sent an

FTBs aren't as reliant on Bank of Mum and Dad

Recent figures suggest that first-time buyers (FTBs) are no longer as reliant on financial gifts from family members, usually parents, commonly known as the Bank of Mum and Dad (BoMaD). Data from the English Housing

Parliament debates suspended, what about SDLT?

It has been reported that Jacob Rees-Mogg, leader of the House of Commons has temporarily suspended debates in Westminster Hall, meaning MPs may not get a chance to debate an extension to the stamp duty

What has Brexit done to house prices?

While a ‘deal has been done’, Brexit and its implications for the UK remain a hot topic. However, one area that seems to have remained impervious to any Brexit related decline is the UK housing

Property market steadies as coronavirus lockdown bites

With coronavirus deaths and hospital admissions surging to record highs, the UK property market slowed as despite progress with the vaccination programme people once again adapted to the grim situation and acclimatised to life under

Passwords, Phishing and the Dark Web

Continuing with our compliance theme, Matthew Locker, a Cyber Security Consultant at Apstorm has shared his ideas on how law firms can remain compliant in the modern world. In today’s digital society, passwords have become

A toy house in a shopping basket with a 'sale' sign next to it

Housing market activity in the first few weeks of January often sets the tone for the whole year, though the 2021 outlook is somewhat muddied by the challenges of the pandemic and by the 31st

Agreed house sale collapse numbers begins to rise

Figures released by the property portal Rightmove have shown an almost 10% increase in the number of agreed house sales collapsing between July and December 2020. Some professionals in the sector are predicting that these

MPs add their voices to call for SDLT extension

The Northern Research Group (NRG) – backed by over 50 Conservative MPs have written a letter to Chancellor Rishi Sunak, making a number of demands, including the extension of the stamp duty land tax (SDLT)

Responding to a Cyber Security Breach

Continuing with our compliance theme, Matthew Locker, a Cyber Security Consultant at Apstorm has shared his ideas on how law firms can remain compliant in the modern world. The legal sector is rich in sensitive

What should happen to the property market?

The government is under mounting pressure to implement tighter restrictions to stem the transmission of the coronavirus pandemic. Yesterday, the daily figures around the pandemic revealed that over 1,500 people had sadly lost their lives.

Calls for Government to extend Help to Buy Scheme

Calls are being made to the government imploring them to extend the Help to Buy Scheme as it’s feared many first-time buyers (FTBs) will miss out, as their dream homes haven’t been built due to

Solicitors back changes to Law Society governance

Solicitors in England and Wales have voted overwhelmingly to introduce term limits and constituency reforms for the governing council of their membership body, the Law Society of England and Wales. At last year’s annual general

Conveyancers call for urgent extension to SDLT holiday

Covid restrictions create a lottery for homebuyers Three very prominent conveyancing organisations have approached the Chancellor seeking an urgent extension to the SDLT holiday. The Society of Licensed Conveyancers (SLC), the Conveyancing Association (CA) and

Mortgage market figures on first full week of 2021

The figures from the first week of mortgage market trading in 2021 have been released by Twenty7Tec, a leading mortgage technology platform. Phil Bailey, Sales Director at the mortgage technology company explains: “We ran the

National newspaper launches SDLT campaign

Stamp Out The Duty is a campaign launched today, Wednesday 13 January 2021, by The Daily Telegraph, and calls for the stamp duty holiday to be extended. The newspaper says its campaign is: “inspired because

Money laundering fines reach record high

HMRC has issued a record £23.8m worth of fines for organisations breaching and or ignoring money laundering regulations. Nick Sharp, Deputy Director of Economic Crime, Fraud Investigation Service at HMRC said: “Businesses who fail to

Amir Ali announced as new President of the Professional Paralegal Register

The former Chairman of the CCUA who has over three decades of experience in both Legal and Enforcement sectors, Amir Ali, has become the inaugural President of the Professional Paralegal Register (PPR), a not-for-profit organisation

Lockdown heightens call for SDLT holiday extension

As we’re all starting to adapt to the new lockdown restrictions, we’re facing new blockers that may not have been apparent during the first national lockdown. Conveyancers are already under mounting pressure as clients demand

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