Confessions of a cyber conveyancer
So there we were, sitting around, eating bonbons, adding features to our case management system, and generally feeling pretty confident with how we were leading the way in conveyancing technology. When suddenly, last Tuesday, a message popped up at the bottom of the browser on our screens. I can’t remember the words exactly but, roughly […]
PEXA develops new payment system and partners with ClearBank in remortgage platform
PEXA, the Australian-founded fintech that enabled the world’s first fully digitised property settlement process, today announces the successful development of a brand new payment scheme – PEXA Pay. At the same time, PEXA has partnered with ClearBank, the largest next generation clearing and embedded banking platform in the UK, to broaden access to its forthcoming […]
Does ID/AML have to be a drama?
The recent thought-provoking ITV drama “Our Home” highlighted the possible nightmare scenario of going away for a few days and coming back to find strangers moving into your house. A cleverly orchestrated fraud (if a little too simplistic) sees a London home sold fraudulently, demonstrating real challenges that exist in our system if quite simple […]
HMLR accelerates Digital Registration Service
HMLR has announced that it will be moving all application types to the Digital Registration Service this year, including leases and transfers of part, months earlier than originally planned. In November 2022, HMLR announced that most AP1 applications to change the register via the online portal will only be possible through the new Digital Registration […]
Confessions of a cyber conveyancer
It’s tough being a thorn in people’s sides. I bleat on about using the latest technology while traditional lawyers disagree with me; “We don’t need technology” they cry, “we need better lawyers”. I tell them to take a long hard look in the mirror and realise that they must adapt to change. I then go […]
Learning the lessons from Australia – how will PEXA approach the UK property market?
In this episode of the Today’s Conveyancer podcast David Opie is joined by PEXA UK Chief Executive James Bawa and Heather Crichton, General Manager Industry Readiness. James and Heather discuss the impending launch of PEXA in the UK and the lessons learned in Australia that they bring with them to help facilitate a more streamlined […]
Government’s intent to legislate on identity & legal sector response
The sad events in Ukraine have forced the government and the property industry to pay even more attention to where client money comes from and who their client is. This has had serious implications for the whole industry, not just for those exposed to foreign property transactions. Events in Ukraine forced the government to push […]
LMS launches confirmly to safeguard conveyancing process
LMS, the UK’s leading panel management specialist, has announced the launch of confirmly: a fast, trusted and secure law firm identity checking technology, designed to reduce risk and prevent scams when transferring conveyancing funds and client monies. Confirmly provides real time monitoring for law firms by harnessing LMS Panel Link and specialist data to verify bank […]
What is open banking and what does it mean for legal services?
January marked Open Banking’s fourth birthday, but it is still a foreign concept for many, including the legal sector. Questions as to what Open Banking even is, and how it can be applied, remain unanswered. To help shed some light on this, Open Banking experts, Cashroom and Armalytix, tackled some key questions around the applications […]
Leapfrogging antiquated processes with technology and an appetite for innovation
The property market has been operating at breakneck speed over the past few months as a combination of Covid-19 dynamics and Stamp Duty holiday incentives have created the perfect storm. For Scott Gair, Partner at Dean Wilson, there has never been a better time to embrace technology and keep one step ahead of the fast […]
Could cyber regulation for IT service providers be introduced?
Third party IT service providers could be required to follow new cyber security rules such as the National Cyber Security Centre’s Cyber Assessment Framework as part of new proposals to help businesses manage the growing cyber threat. A consultation by the Department for Digital, Culture, Media and Sport (DCMS) looked into the security of digital […]
InfoTrack’s Property Report wins Legal Innovation Award
InfoTrack’s newest product, Property Report, has been awarded Legal Innovation of the year at LegalEx 2021. Voted as the most innovative legal product by legal professionals, Property Report is the only search data-driven solution in the market that uses dynamic data to automate and accelerate the creation of a report on title. Designed to tackle […]
Adopting AI technology has some complexity. Where should property professionals begin?
A major new study sheds light on LegalTech adoption An SRA commissioned study into the legal sector and innovation revealed that a significant majority of surveyed law firms use technology in general to deliver legal services. However, only 37% use technology designed specifically for legal professionals, such as: automated documents interactive websites artificial intelligence A […]
Ordnance Survey and Conveyancing Information Executive to host Industry Round Table
The Conveyancing Information Executive (CIE) has today announced that Ordnance Survey (OS) will host the CIE’s first industry round table, focused on Property Passports: the role of Unique Property Reference Numbers (UPRNs) in improving the property transaction process. The CIE round table will be hosted at Ordnance Survey’s head office in Southampton on the 24th […]
poweredbypie Launches Lender Handbook Tracker
Search and software provider poweredbypie, a Dye & Durham company is now offering a lender compliance tool through its online ordering platform. Lender Handbook Tracker enables conveyancers to keep up to date with specific mortgage lenders’ Part 2 instructions and check for any changes that have occurred during the conveyance that could delay the submission […]
HMLR to move to mandatory digital applications from November 2022
HM Land Registry are changing the way they receive and process Register Update applications in an effort to reduce errors and make processing time faster. From November 2022 HM Land Registry will only accept digital applications for changes to existing titles via their online customer portal Most applications received are submitted as PDFs or scanned […]
Key Conveyancing – life has been made much easier with Minerva.
A multi-office Conveyancing firm is enjoying greater connections with their clients since fully integrating with technology developed by LFS. Back in late 2019, LFS developed their client onboarding solution, Minerva. Since then the whole world has of course faced the pandemic with a need for remote working pushed to the forefront. Fortunately for those law […]
Firms urged to review password hygiene as UK sees 116% increase in nuisance comms
New data from recent reports suggests that despite increased warnings to businesses and individuals to review cyber security measures, phishing scams and nuisance attacks are on the rise. A report released by the UK’s Information Commissioner’s Office (ICO) in conjunction with litigation firm Griffin Law, reveals that in the first six months of 2021 UK […]
Digital applications – making the future a reality
Crane Hall and the Chantry near Ipswich was the first title registered in 1863 by its owner the MP Sir Fitzroy Kelly, under the first Chief Land Registrar Brent Spencer Follett. Now the Land Register contains more than 26 million registered property titles. Since that first registration we’ve gone from face to face, to postal, […]
How technology is helping conveyancers tackle money laundering
Money laundering is a growing risk in the UK property market, as the Pandora papers demonstrate. The failure of some conveyancers and estate agents to properly verify buyers’ identities, and comply with the relevant AML regulations, means they risk supporting the laundering of dirty money. New AI, Open Banking and facial recognition technology can automate […]
