New plans by the Solicitors Regulation Authority (SRA) to prevent mortgage lenders from claiming solicitors’ compulsory indemnity insurance has drawn an ominous warning from the Law Society Chief Exec, Des Hudson, who said it will
More than one in three UK homeowners fear they will find it more difficult to afford payments on their mortgage or other debts if interest rates start to rise, according to findings of the 2014
TSB has offered to help homebuyers with the cost of stamp duty. The bank is only offering to pay the stamp duty of buyers who are in the 1 per cent bracket, which is up
The Uk’s fraud prevention service, CIFAS, has warned that bank account fraud is on the rise. It was the most common type of fraud recorded during the first four months of 2014 by organisations that
The Law Society of Scotland will set up a new and independent review of the consumer protections in place for clients buying and selling property in Scotland. The review follows high profile cases in Aberdeenshire
New data released on UK lending in March 2014 shows that first time buyers are up 24 per cent from the same period last year. First-time buyers took out 24,400 loans this March and there
Redbrick Solutions have announced a new service designed to further streamline the conveyancing process and deliver a more cost effective transaction for the lawyer, with the launch of Redbrick Searches. This latest offering from the
From the end of June the Land registry will no longer require original documents to be sent to them in order to change the register of a registered property. The body will instead accept certified
The Financial Services Compensation Scheme (FSCS) has declared the insurance provider European Risk Insurance Company (ERIC) to be in default and is now accepting eligible claims against them. ERIC was declared in default on 28
Anis Waiz, Solicitor and Head of Commercial Litigation at Curtis Law Solicitors, a regular contributor to Today’s Conveyancer, will be speaking at several forthcoming events hosted by MBL. These events will offer practical guidance to
Labour announced they will attempt to push through a ban on letting agents charging fees to renting tenants, by calling a vote in the Commons. The party is tabling an amendment to the Consumer Rights
The Legal Ombudsman has released a report about Stamp Duty that raises the question of whether HMRC should hold lawyers, not clients, accountable for non-payment of stamp duty. The report, Complaints in Focus: Stamp Duty,
House sales were 34 per cent higher than the previous year in the period between October 2013 and January 2014, according to a new report. The Land Registry’s latest House Price Index for England and
The SRA has announced plans for major programme of regulatory reform, which could see insurers need a financial strength rating. In a move to better the regulation of solicitors and firms, the SRA is consulting
Legal chief Denis Stevenson of Rowlinsons Solicitors is set to swap the court room for the dance floor to help raise much-needed funds for St. Rocco’s Hospice in Warrington. Denis, Senior Director at Frodsham-based law
Convey Law have appointed Rob Hosier as their Sales and Marketing Director. The Council for Licensed Conveyancers (CLC) approved the appointment for the award winning Conveyancing Company at the end of April 2014. Rob Hosier
dmgi::land&property europe has confirmed that John Pickford has been appointed Managing Director of SearchFlow, the UK’s leading conveyancing search provider. Pickford, who is currently at Thames Water, will join SearchFlow in August. He takes up
Beaumont Legal, one of the country’s fastest growing conveyancing firms, has been voted Best Law Firm for Conveyancing for the second consecutive year, after the Wakefield-based solicitors clinched top honours at the 2014 First Time
The Council for Licensed Conveyancers has launched a six week consultation asking for views on its proposals for publishing data about the disciplinary history of the individuals and firms it regulates. We would like to
– Property sales transactions at risk of collapse – Delays inevitable due to local authority staff cuts – Quality of information will deteriorate Local authority CEOs have mooted a possible legal challenge against central government
Landnet has released the latest issue of its customer magazine. The April issue covers how lower fees are passing savings on to their customers and how the disputes procedure has evolved over the last decade.
The Federation of Small Businesses (FSB) is warning of fraudulent employee references. Together with BBC1’s Fake Britain, the FSB cooperated on a survey of 1,800 small firms, which found that nearly one in five had
Five per cent of households in the UK plan to buy a property in the next year, according to a new survey. The report, carried out by Ipsos Mori and Knight Frank, found that 7.9
The CML has reported a significant reduction in outstanding interest-only mortgage debt. A year after the agreement between the CML and the FCA that lenders would contact borrowers with interest-only mortgages due to mature before
Decision Insight Information Group (Europe) (“DIIG(E)”) has announced that its Chief Executive Officer, Marshall King, will be leaving the business. Marshall King joined DIIG(E) in October 2012, recruited by the then owner of the business,
The Solicitors Regulation Authority (SRA) has published its response to the consultation on changes to the education and training regulations. The 12-week consultation closed at the end of February and is the first stage of
The SRA has announced that this year’s keeping of the roll exercise will begin on Wednesday 7 May. Solicitors without a practising certificate who wish to remain on the roll can complete the application online
The new mortgage affordability rules that came into force on 26 April have already had an effect on the housing market, according to one chartered surveyors company. Connells Survey & Valuation found that the total
The Conveyancing Association (CA) has warned that the new MMR rules that came into force on 26 April could cause delays to the home-buying process. The new rules aim to ensure that only those who
The newly-released HMRC UK property transactions report has shown that the number of residential property transactions between February and March this year is 29.3 per cent higher than the same period last year. There were
In the wake of the new mortgage rules that came into force on 26 April, after the Mortgage Market Review, the HomeOwners Alliance has seen increased interest from visitors to their site regarding the new
The Council for Licensed Conveyancers has launched a consultation for views on publishing data about the disciplinary history of the individuals and firms it regulates. The council is seeking views on the possibility of publishing;