General News

Compliance Property Market

Are GDPR Fines Too Low?

According to a Twitter poll conducted by Tripwire, the fines given to companies who have broken GDPR laws are still not high enough, despite being in the millions. The mutually agreed General Data Protection Regulation (GDPR) came into force on May 25th, 2018, and was designed to modernise laws that protect the personal information of […]Read More

Fraud

Estate agents urged to report dirty money

The Government has extended a campaign designed to increase the amount of suspicious activity reports (SARs), in a bit to limit the impact of money laundering. The Flag It Up campaign, which has already targeted solicitors and accountants, is now looking to estate agents to reduce the number of UK properties being bought with the […]Read More

Insight

Modern online auctions under scrutiny

The Homeowners Alliance (HOA) has looked at the potential pitfalls of buying and selling by auction. Commenting on the trend, HOA Chief Executive Paula Higgins said:  “It is good to have new ways to help homeowners buy and sell their properties. However, we are concerned that estate agents and online platforms are using the modern […]Read More

Firms & People Organisations

Conveyancing experts debate key issues at Today’s Conveyancer round table

Representatives from the UK’s most respected conveyancing firms, innovative suppliers to the sector, technology experts and industry commentators gathered yesterday to discuss the hot topics concerning the sector. Hosted by Chris Harris, Managing Director of Lawyer Checker and owner of the Practical Vision network, attendees included partners, directors and senior representatives from Law Firm Services, […]Read More

Firms & People

Your guide to this year’s ESTAS Awards…

In five weeks time on Friday 19th October the biggest and best bash in our industry takes place when The ESTAS Conveyancer Awards are held in London.  So here’s all you need to know about the big day… What makes The ESTAS so special? The ESTAS are the most prestigious awards in the conveyancing sector […]Read More

Legislation & Litigation Property Market

Law Commission publishes enfranchisement plans for leasehold homeowners

The Law Commission has published proposals to change the law and make it easier for leasehold homeowners in England to buy the freeholds of their properties. The Commission is currently looking at a programme of work which includes residential leasehold, enfranchisement and commonhold reform. The latest pre-consultation paper comes in advance of a more detailed […]Read More

Fraud Property Market

Be aware of Red flags in conveyancing transactions

When it comes to money laundering and terrorist financing, there are some ‘Red Flag Indicators’ that conveyancers should be aware of. This advice could be particularly important following the announcement that conveyancers could be liable for identity fraud under new proposals put forward by the Law Commission. The CLC has published two documents to provide conveyancers with an overview […]Read More

Compliance Legislation & Litigation Property Market

CLC handbook update: Acting as ancillary insurance

The CLC is making changes to relevant sections of the CLC Handbook to ensure all its regulated practices will be compliant with the Insurance Distribution Directive (IDD) when it comes fully into force from 1 October this year. The IDD is EU legislation which sets out the regulatory requirements for firms designing and selling insurance products. The IDD replaces the current Insurance Mediation Directive (IMD). The IDD will […]Read More

Legislation & Litigation Property Market

Law Commission propose radical leasehold reform

The Law Commission has put forward radical new proposals aimed at delivering a fairer deal for leasehold homeowners. Designed to give leaseholders security and control over their homes the proposals include: Options for changing the valuation formula, making it easier for homeowners to buy the freehold Removing the requirement that leaseholders must have owned their […]Read More

Compliance Fraud

SRA Risk Outlook 2018/19

Today the SRA have released their Risk Outlook 2018/19. They have included two new priority risks this year: 1. Managing claims ‘We are increasingly concerned about the practises of some firms that offer personal injury work, including holiday sickness claims. Similarly, some firms bringing payment protection insurance claims may not always be meeting the high […]Read More

Technology

Blockchain development could safeguard evidence

A leading global provider of digital evidence management has filed a patent application to tie blockchain security to its software. Caselines – which is currently digitising trial bundles in the courts – has called on justice ministries and law firms across the globe to embrace the technology. The latest move, which is thought to be […]Read More

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