A fraudster has secured hundreds of thousands of pounds of illegal funds by cloning the identity of an unsuspecting homeowner and obtaining credit against their identity. Posing as the homeowner of a property for sale,

‘Lack of speed’ ranked as the biggest problem in the property transaction

A survey conducted by OneDome has revealed that the lack of transaction speed is the biggest problem facing estate agents today. In a recent survey issued to over 5,000 UK-based agents, respondents were asked to

Economic Climate

Jo Hodges, Sales and Marketing Director at Redbrick Solutions shares her thoughts with Today’s Conveyancer about the current economic climate and the impact on the conveyancing sector. The continued roll out of the COVID-19 vaccines

Conveyancers urge industry to manage client expectations over SDLT

Conveyancing firms are encouraging the industry to set homemover expectations accordingly when it comes to the extension of the SDLT holiday. Speaking to a number of readers Today’s Conveyancer understands many estate agents are advising

The evolving requirements of a law firm's website

Digital Marketing expert, Sam Borrett, director of Legmark, the specialist legal marketing agency, addresses why a website is more important than ever. Many potential clients start their search for a law firm online and a

Caring for an industry under pressure

Written by Scott Bozinis, CEO, InfoTrack UK Over the past few weeks, new buyers have been entering the market, eager to complete on a sale before the new deadline passes. While this is something that

Electric vehicle parking should be considered in conveyancing

Law firm Coffin Mew is urging conveyancers to consider the provision of electric vehicle parking and charging as part of the conveyancing process. The lawyers warn that with the sale of new petrol and diesel

Purchases, Packs and Protocol Forms!

Following on from the announcement that the Law Society were piloting upfront information for buyers, and a further piece of work between the Society and Gazeal, Lorraine Richardson, Managing Director of Adapt Law has shared

Law Society launches TA6 Part 1 pilot

A new pilot from the Law Society will encourage the production of key information for home buyers and sellers at a much earlier stage in the home moving process. it is being run by the

The Home Buying & Selling Group (HBSG), charged with improving the home purchase process for consumers, has today (15th March 2021) announced it has produced a dataset for its Buying and Selling Property Information (BASPI).

Whilst last week’s announcement regarding the extension of the SDLT holiday was welcomed by many, the news was not universally applauded. Countless conveyancing firms have been stretched to their limits over recent months and were

PII: the impact of the pandemic

Legal Eye MD Paul Saunders talks to Howdens Executive Director Martin Ellis and Divisional Director Colin Taylor about the impact of the pandemic on Professional Indemnity Insurance for law firms. As firms prepare for renewal

The Be Kind We Care initiative has been launched by the Conveyancing Foundation to promote kindness and wellbeing within the property industry. With the effects of the coronavirus pandemic and the pressure cooker environment that

Covid has changed criminal behaviour

Jo Hodges, Sales and Marketing Director at Redbrick Solutions shares her thoughts with Today’s Conveyancer about the way the coronavirus pandemic has changed criminal behaviour. It is estimated that organised crime costs the UK economy

The Solicitors Accounts Rules 1 year on

As part of our newly created ‘Technical Corner’ we want to bring you information that will help you to continue to grow in your career. This month’s technical corner article comes from Robert Blech LLB,

Three leading conveyancing membership bodies have written to Chancellor Rishi Sunak imploring the government to consider an “alternative” end to the SDLT holiday. Rob Hailstone, CEO of the Bold Legal Group (BLG), Mike Ockenden, Head

Estate Agency – The times they are a changing

Michael S Day MBA FRICS FNAEA FARLA, Managing Director Integra Property Services, Director teclet and Founder Member Agents Together, has shared with us his thoughts on the recent reports that estate agency branches are declining.

Public invited to contribute to draft rules around data protection, security and inclusivity Part of work to help people prove who they are without the need for physical documents Aim is to make people’s lives easier and boost the country’s £149 billion digital economy The government has today published its draft rules of the road for governing the future use of digital identities. It is part of plans to make it quicker and easier for people to verify themselves using modern technology and create a process as trusted as using passports or bank statements. Digital identity products allow people to prove who they are, where they live or how old they are. They are set to revolutionise transactions such as buying a house, when people are often required to prove their identity multiple times to a bank, conveyancer or estate agent, and buying age-restricted goods online or in person. The new ‘trust framework’ lays out the draft rules of the road organisations should follow. It includes the principles, policies, procedures and standards governing the use of digital identity to allow for the sharing of information to check people’s identities or personal details, such as a user’s address or age, in a trusted and consistent way. This will enable interoperability and increase public confidence. The framework, once finalised, is expected to be brought into law. It has specific standards and requirements for organisations which provide or use digital identity services including: Having a data management policy which explains how they create, obtain, disclose, protect, and delete data; Following industry standards and best practice for information security and encryption; Telling the user if any changes, for example an update to their address, have been made to their digital identity; Where appropriate, having a detailed account recovery process and notifying users if organisations suspect someone has fraudulently accessed their account or used their digital identity; Following guidance on how to choose secure authenticators for their service. Organisations will be required to publish a yearly report explaining which demographics have been, or are likely to have been, excluded from their service and why. The move will help make firms aware if there are inclusivity problems in their products while also boosting transparency. The framework will also help promote the use of ‘vouching’, where trusted people within the community such as doctors or teachers ‘vouch for’ or confirm a person’s identity, as a useful alternative for those without traditional documents, such as passports and driving licences. Digital Infrastructure Minister Matt Warman said: Establishing trust online is absolutely essential if we are to unleash the future potential of our digital economy. Today we are publishing draft rules of the road to guide organisations using new digital identity technology and we want industry, civil society groups and the public to make their voices heard. Our aim is to help people confidently verify themselves while safeguarding their privacy so we can build back better and fairer from the pandemic.

The Times newspaper has this evening reported that Chancellor Rishi Sunak plans to announce a 3 month extension to the Stamp Duty Land Tax holiday in the Budget on 3rd March Currently due to finish

What do you really know about flood risk?

Written by Catherine Shiers, Technical Communications Manager of Groundsure Weather warnings related to flood risk are constantly hitting the headlines. What was once a phenomenon that occurred occasionally and mainly during winter, is happening more

No let up for law firms from the regulators

Partners and managers at law firms face a constantly shifting regulatory picture from the regulators as Covid-19 continues to make its presence felt both professionally and personally. With 212 pages of new guidance on AML

Research has found the average prices conveyancers charge for typical home moving transactions. 100 conveyancers were approached by Property Solvers for quotes; each quote requested assumed the mortgage was to be redeemed (or paid off)

Conveyancing Standards Bill passes first reading

On Monday 1st February Parliament debated the much-anticipated e-petition relating to Stamp Duty Tax relief. The debate, which has been timetabled despite the threat of temporary suspension to Parliamentary debates, discusses the position has come

National conveyancing firms, Taylor Rose and Shoosmiths have announced updates to their brand and leadership respectively. Following the acquisition of McMillan Williams Solicitors Limited in May 2020 CEO Adrian Jaggard last week announced the two

Updated guidance for conveyancing practitioners around dealing with the continued impact of the Coronavirus has been released. The original guidance was compiled by The Law Society, CILEx, the SLC, the Conveyancing Association and the Bold

The Conveyancing Association, the leading trade body for the conveyancing industry, has today (5th February 2021) announced GlobalX as the latest organisation to join as Affiliate Members. Established over 30 years ago, GlobalX is a

SDLT holiday deadline looms

Jo Hodges, Sales and Marketing Director at Redbrick Solutions shared her thoughts with Today’s Conveyancer about the upcoming deadline for the stamp duty land tax (SDLT) holiday. The temporary increase in the stamp duty threshold

Lenders changing Part II Requirements at alarming rate

A new report into updates to Lender Part II enquiries has highlighted a significant number of changes to Lender requirements. In the last 30 days Navro Compliance have reported over 55 changes to Part II

How can your firm manage risk and compliance in an increasingly digital world?

As law firms continue to adopt digital ways of working very quickly as a result of the rise in remote working; it seems likely that some of these changes in working practices are likely to

A row of five small wooden houses, with a further wooden house in a shopping trolley

Impact of pandemic sees 23 per cent decline in annual new home registrations despite strong Q4 bounce back, reports NHBC. Covid-19 caused the number of new homes registered to be built by UK housebuilders to

Groundsure Profile

Groundsure, a leading environmental search report specialist involved in over half of the UK’s residential property transactions, is delighted to announce that it has been acquired by ATI Global, the world-class provider of legal technology,

Chris Pope

Estimated completion dates, automatic fees calculation and fewer requisitions are just a taste of things to come for HM Land Registry customers in 2021. HM Land Registry’s portal was launched to provide a more efficient

Too early to think about PII renewals?

Our ‘Technical Corner’ brings you information that will help you to continue to grow and develop in your career. This month’s technical corner article comes from Paul Saunders, Managing Director at Legal Eye If you

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