Fraudulant HMRC Payments Jail Man

A man who set up fraudulent payments worth £2.9m to HMRC instead and then transferred the money to himself has been jailed for more than 4 years. Simon Olver spent the stolen money on deposits

Propertymark Chief Executice Set to Retire

Having held his post as chief executive for the National Association of Estate Agents for the past 7 years, Mark Hayward has announced that he is to retire at the end of the year. Prior

Yomdel Sentiment Survey Released

Yomdel has reported in their latest sentiment tracker that their enquiry levels remain high at 64% above average, as estate agents scramble to meet demand as vendor, buyer and landlord enquiries remain at record levels.

New Code Of Practise Set To Raise Standards And Trust In The Industry

The Royal Institution of Chartered Surveyors and The Property Ombudsman have set up a group that will write a new estate agency Code of Practice which should be ready by the end of the year.

CLC Seeks Responses To Their Consultation On Licence and Practice Fee Arrangements

The Council for Licensed Conveyancers (CLC) has published a consultation on their annual review of Licence and Practice Fee Arrangements. The consultation paper notes the reduction in Practice Fee three times since 2016 that has

CLC Introduces New Codes To Improve Compliance And Comsumer Protection

The revised accounts code that expressly allows regulated practices to deal more easily with aged balances up to £50 and to use third-party managed accounts (TPMAs) has now been approved by the Legal Services Board

A man sits at a desk surrounded by files and piles of paper

The chief executive of the National Accident Helpline (NAHL) reported drops of between 75% and 90% in the levels seen before the UK went into lockdown in March, but is reporting an increase to 50%

CLC Encouraging Staff To Take Part In Complaints Handling Courses

The Counsel for Legal Conveyancers (CLC) are encouraging staff in their practices to consider professional learning courses provided for by the Legal Ombudsman. The courses, that are focused on first-tier complaints handling and best practices,

Q&A With Land Registry On Their Response To The Pandemic

There is no doubt that every business around the world has had to face enormous challenges since the emergence of the Covid-19 virus. In the UK, millions of works are beginning to adapt to working

Year results for ULS Group

ULS Technology plc (the Group), a provider of online technology platforms for the UK conveyancing and financial intermediary markets have announced its Full Year results for the year leading to the 31st March 2020. Despite

Job Insecurity Now The Biggest Barrier To Home Ownership

Figures from the Building Societies Association (BSA) have revealed that for the first time in a decade, the largest barrier to home ownership is job insecurity. For the last ten years, people wishing to buy

Remortgage Cancellations Increase In June

Conveyancing service provider LMS have found that remortgage cancellations have continued to rise, which it describes as ‘a cause for quite concern’ that will need to be monitored over the coming months. In the first

Increased Opportunity For Chartered Surveyor Apprenticeships

The Chartered Surveyor Trailblazer Apprenticeship Group has collaborated with the Institute for Apprenticeships and Technical Education and academia, to increase opportunities for those looking to join the surveying professions. People with any form of undergraduate

Today's Conveyancer's Weekly Sentiment Survey Results

The latest results from Today’s Conveyancer’s Sentiment Survey. Thank you to everyone who has taken part. To take part in this week’s survey please click here. One month on from the re-opening of the property

Buyers To Look For More Green Space

Latest Research by the Royal Institute of Chartered Surveyors (RICS) has shown that surveyors are predicting that buyers are changing their preferences in the properties they are looking for, and that there is evidence the

Delays To The Transfer Of Property During Covid-19

Following news that the number of transactions for value applications at Land Registry had been nowhere near close to the average for April, we asked conveyancers to let us know how they had been coping.

Glimmer Of Home For Stamp Duty Changes?

There may have indications from the Government that Stamp Duty could be reformed within the tac changes in response to the pandemic. Conservative MP Alberto Costa, in a written question to the Treasury asked the

SRA To Expand Its AML Visits To Continue Competence

In its business plan draft for 2020/2021, the SRA has revealed that in an effort to continue competence, it will be increasing its monitoring of firms’ anti-money laundering (AML) policies. Following a review of its

Law Firms 'Performing Admirably' In The Face Of Constant Cyber Attacks

The legal sector has been described as close to the financial and energy sectors in terms of the risk of cyber attacks. reports cyber security firm BlueVoyant following an assessment of almost 2,000 law firms

coronaphobia causing businesses problems in reopening

Following the latest announcements by the Chancellor Rishi Sunak about the ‘winding down’ of the furlough scheme, as well as the slow lifting of the restrictions, many businesses across the country are trying to adapt

Increased Demand In Rental Market Attributed To Lockdown

Property website Rightmove has released figures stating that the demand for lettings has increased by 22% compared to last year, despite the corona virus and lockdown. The demand for rentals has increased at a faster

Solicitor Pair Exposed In Trying To Sell Property Without Owner’s Knowledge

A pair of solicitors from a Loughborough firm, concocted a plot to sell properties worth an estimate £3 million without the owner’s consent or knowledge. Hashok Parmar and Syed Gous Ali from Sterling Law Solicitors

Firm Has Real Prospect Of Defence Despite 'Disastrous Consequences' Of Action

A Liverpool firm has convinced a judge they have a real prospect of a defence in a summary judgment for exacerbated costs, despite the ‘disastrous consequences’ for the claimant following their breach. Liverpool firm, EAD

Lenders Relaunch With Higher LTV Rates

Due to the pandemic and the inability to conduct valuations, Virgin Money announced in April that they were suspending any new mortgage applications and capping any buy-to-let remortgages at a 55% LTV. However, the lender

Property Market Bounce Back Should Be Treated With Caution

Since the lockdown in March, the property market has seen dramatic changes; Rightmove reported a fall of 40% in visitors at the time of the lockdown, estate agents having to offer virtual tours and house

Organisations Offer Vacant Buildings To Key Workers

It was announced on the 23 March 2020 that various organisations, that represent over 130,000 skilled professionals in the property sector, have signed a letter to the government offering their help in the Coronavirus crisis.

Union Says Home Working Should Not Be Just For Fee Earners

The Legal Sector Workers Union (LSWU) has stated that in the current circumstances home-working should not just be for fee-earners, and that those who are working at home should “show solidarity” with their administrative staff

Is The Home Buying Process Essential Work?

At a time when the Prime Minister has announced a nationwide lockdown, with people working from home where possible and to only go to work “where this is absolutely necessary and cannot be done from

New-Build Homes To Be Ready Fitted With Gigabit Speed Broadband

Digital Secretary Oliver Dowden announced that the government will legislate to make sure all new-build homes will come with gigabit-speed broadband, making them ‘fit for the future’. The aim is to “level up the UK”

Tuesday 24th March 2020 saw one of the oldest functioning companies in the UK suspended their trading following Government guidelines. Pickfords, a removal and storage company working internationally, announced that with immediate effect, all of

CMA Revealed Some Within Leasehold Sector Refused To Co-Operate

The Competition and Markets Authority (CMA) has sought to collect substantial information throughout the leasehold sector in its investigation into leasehold mis-selling, however it has revealed that ‘key players in the sector’ refused to co-operate.

£360 Million Boost For Welsh Government

Chancellor of the Exchequer, Rishi Sunak has outlined the additional funding for Welsh Government, enabling it to deliver better support for public services and invest in transport. £360 million will be made available through additional

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