Updates to law and regulation, and key cases that all conveyancers should be aware of. We ensure you are kept abreast of any changes that are significant to the conveyancing profession. If you know of an interesting case or would like us to summarise any legislative updates, please email [email protected]
Michael Gove, the Secretary of State for Levelling Up, Housing and Communities has published a letter to building owners and managing agents setting out their responsibilities under the Building Safety Act. Leaseholder protections under the Act came into force yesterday on 28 June 2022, at which point it became an offence to pass on costs […]Read More
Following the arrival of the Leasehold Reform (Ground Rent) Act which came into force last week, Today’s Conveyancer has rounded-up the reactions of professionals across the industry. The Leasehold Reform (Ground Rent) Act came into force last week (30 June) and is set to restrict ground rents on most new long residential leases in England […]Read More
The Australian competitions watchdog, the Australian Competition and Consumer Commission (ACCC) have launched an investigation in to Dye & Durham’s acquisition of Link Administration Holdings, a 43% owner of e-conveyancing platform PEXA. In January 2022, Dye & Durham announced it had agreed to acquire Link for an estimated c$3.2bn. In a statement released on the […]Read More
This year’s Queen’s Speech has today outlined several legislative changes and the overhauling of laws around levelling up, planning and economic crime that could affect conveyancers. At the state opening of Parliament this morning, Prince Charles delivered the Queen’s speech as the monarch missed the opening for the first time in almost 60 years as […]Read More
The Building Safety Bill which started its passage through parliament last July received royal assent on Friday. Among the changes, which are now law, is the creation of a new building safety regulator for buildings higher than 18 metres as well as “waterfall” protections introduced to ensure leaseholders avoid footing the bill for remediation costs. […]Read More
The National Leasehold Campaign (NLC) welcomes the announcement from the CMA detailing that, as part of their ongoing work into leasehold mis-selling, they have reached agreement with 15 freeholders that bought leases with onerous ground rent terms from Countryside. NLC founder and spokeswoman Katie Kendrick, a children’s nurse from Ellesmere Port said: “Today’s announcement demonstrates […]Read More
Michael Gove has issued a response letter to the Home Builders Federation on proposals to pay for building safety. In the letter to the Home Builders Federation on their proposals to pay for building safety, dated 7th March, Michael Gove, Secretary of State for Levelling Up, Housing and Communities, stated that while the commitment that […]Read More
Conveyancing trade and industry bodies The Conveyancing Association, The Law Society, CILEX, and the Society of Licenced Conveyancers have thrown their weight behind new versions of LPE1, LPE2 and FME1 forms which are to be launched from 11th January 2022 14 trade and representative bodies, from across the legal, surveying, estate agency and property management […]Read More
The Solicitors Regulation Authority (SRA) has launched a consultation on its approach to financial penalties for law firms and solicitors with the aim of resolving cases more quickly and reducing the need to refer to the Solicitors Disciplinary Tribunal (SDT) The consultation will review how the SRA can create more consistency across its regulated entities […]Read More
Further changes to minimum energy efficiency standards (MEES) for commercial properties are expected across the UK. Changes to Energy Performance Certificate (EPC) ratings are the first in a number of new initiatives by the Government to improve energy efficiency across commercial lettings. Since 2018 a minimum EPC rating of E has been in place for […]Read More
Leaseholders of flats below 18m who do not fall under the current government support schemes have been given a boost by Housing Secretary Michael Gove. Mr Gove appeared before the Housing, Communities and Local Government Committee to answer questions on the government’s response to the tens of thousands of pounds leaseholders are having to pay for […]Read More
Five identity service providers have committed to the new MyIdentity trust scheme to make home buying and selling in the UK a safe digital process. The five identity service providers are: Digidentity, Nuggets, OBiD, Thirdfort, and Yoti. Their involvement assures consumers will have fully inclusive choices to prove their identity. The hub service provider is […]Read More
Our latest quarterly update webinar started with a view of the current anti-money laundering landscape including: The release of the Pandora papers, which have shown even more the extent to which the mega-rich employ different ways in which to hide their money and avoid paying tax on it; of particular concern to authorities is the […]Read More
The Financial Conduct Authority (FCA) has issued new guidance to companies operating a remote or hybrid working model asking them to provide evidence that any lack of centralised location or remote working does not or is unlikely to affect the company’s ability to meet the threshold for the regulated activities it undertakes. The guidance states […]Read More
Following the Prime Minster’s conference pledge to put “beautiful homes on brownfield sites in places where homes make sense” the Department for Levelling Up, Housing and Communities (DLUHC) have announced that thousands of new homes will be built on underused and derelict land. 53 councils across England and Wales have been allocated £58 million from […]Read More
The Society of Licensed Conveyancers has urged the government to take urgent action to protect all those affected by the cladding scandal in the wake of the Grenfell Tower disaster. Board Member and former Chairman John Clay has written an open letter to the Secretary of State Michael Gove urging immediate action to support all […]Read More
A review completed by the Solicitors Regulations Authority into law firm anti-money laundering failures has identified a 40% increase in the number of potential AML breaches reported to the SRA, with the number one area of non-compliance is not having a proper risk assessment in place for AML matters. The SRA has published its first […]Read More
Easements can be a benefit or a burden for landowners literally as well as legally, so Conveyancers need to know how to prove or challenge the existence of an easement. The recent decision from the Upper Tribunal in the case of Hughes v Benefice of Frampton on Severn showing the current judicial thinking on this area of law is […]Read More
The Solicitors Regulation Authority (SRA) today announced that more than a thousand people have signed up to take the first ever Solicitors Qualifying Examination (SQE) assessment in November. The new single rigorous examination means that all aspiring solicitors will have to meet consistent, high standards at point of entry into the profession. Bookings for the […]Read More
In September housebuilder Countryside Properties became the latest big developer to pledge an end to ground rents on leasehold properties. For thousands of leaseholders who bought homes from them it means they will no longer be subjected to the unfair rent system that doubles rates every 10 to 15 years. For many homeowners, entering into […]Read More
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