Magic Circle Law Firm Reveals High Retention In Qualifying Trainees

Freshfields Bruckhaus Deringer’s head count keeps growing as they retain nearly all of their qualifying trainees for spring 2020. Founded back in 1743, the firm has confirmed it will retain 90 per cent of its

Majority Of Older People Opt For Equity Release

In their quest to stay in their much-loved homes, 80 per cent of over 55s chose an equity release mortgage. According to new research from Standard Life and Age Partnership, this high percentage of over

Legal Aid Is Overwhelmingly Supported By The Public

Marking the recent anniversary of the government’s review of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LAPSO), The Law Society confirmed that the public are strongly in support of legal aid. The

More Homeowners Accessing Property Wealth Via Equity Release

The Equity Release Council confirms significant members increase following a demand from older homeowners seeking advice in accessing property wealth via equity release. The later life financial planning market has significantly grown in recent years

Conveyancers Warned Flooding Helps Spread Japanese Knotweed

Conveyancers and homeowners are warned that properties are more at risk of infestations of Japanese knotweed after it is revealed that extensive flooding increases the spread of the invasive plant. With England enduring its fifth

Leading Lawyers Welcome Reform To Eviction Law

Leading property lawyers called for reform to abolish ‘no-fault’ evictions in order to protect tenants and bring balance between the rights of tenants and landlords. Key housing law experts welcomed the news by backing the

Buyers must pay huge premiums in order to purchase their dream new-build home. New build homes cost homebuyers 19% more than a pre-owned property of the same size, and may sometimes even cost a staggering

Commercial Property Values Decline

The UK commercial property market experienced a value decline in 2019, according to a global commercial real estate services company. The CBRE Monthly Index revealed that commercial property values fell by 3.2% last year, owing

Mortgage Lending Will Rise Owing To Less Political Uncertainty

The Intermediary Mortgage Lenders Association (IMLA) has predicted the mortgage market will bounce back in 2020 and 2021. With the election done and dusted in December 2019 and more certainty over Brexit, Brits will have

Deceived Conveyancer Fined After Failing To Check ID

An experienced conveyancer was fined after being tricked into believing that a woman was who she said she was without proof of documentary evidence. The solicitor had to pay nearly £24,000, including costs, for his

https://todaysconveyancer.co.uk/main-news/key-mortgage-trends-update/

The latest UK Finance Mortgage Trends data released yesterday (Wednesday 15th January) reveals a turbulent and challenging 2019 for conveyancers and property industry as a whole. Key data highlights, found that 30,620 new first time

SRA Ditch PII Cut Proposals

The news that the Solicitors Regulation Authority (SRA) decided to abandon proposal plans to lower the levels of professional Indemnity cover (PII) was welcomed by the Law Society. Back in March 2018, the SRA proposed

Law Society Warns Firms Around 5AMLD Changes

With just three weeks to go until the Fifth Money Laundering Directive (5AMLD) will be introduced, The Law Society are making firms aware of the small window of time in which firms need to assess

First Time Buyers Become Victims Of A Phishing Scam

First time buyers (FTBs) lost their money through what is known as an ‘phishing attack’ after fraudsters intercepted emails between them and their conveyancer. Two young FTBs have sadly lost £94,000 when funds were cruelly

Many Brits Unaware Of ‘Build To Rent’ Properties

Over half of the British people are unaware of ‘Build to Rent’ developments and properties. As many as 59% of Brits have never heard of the Build to Rent term, according to research from Platform

Homeowners Warned Of Freehold Property Abuse Scam

A practitioner who heads up a conveyancing team is warning homebuyers to be aware of a ‘fresh scam’ which he believes abuses freehold properties by placing onerous restrictions on new build freehold homes. The cautionary

AML Specialist Urges Government To Publish 5AMLD Final Regulations

With less than one month to go until the Fifth Money Laundering Directive (5AMLD) is implemented by the Government, an Anti-Money Laundering (AML) expert is urging the Government to take immediate action to publish the

House Prices Set To Drop As We Enter A New Decade

A House Price Forecast released this week reveals a fall in house prices in England and Wales as we enter 2020. According to Reallymoving House Price Forecast December 2019, house prices are set to fall

Will Bamboo Replace The Invasive Japanese Knotweed?

There is a new weed on the block, called Bamboo, which could rival the invasive plant Japanese Knotweed, warns Environet UK. The aggressive bamboo is set to become a major problem amongst conveyancers and homeowners

Only A Month Until 5AMLD Is Introduced – Are You Ready?

The Fifth Money Laundering Directive (5AMLD) will be introduced on 10th January 2020 where it will attempt to tackle head on the issues of money laundering. The 5th Directive will affect those practitioners who carry

Help To Buy Scheme Popularity Remains Strong

Recent research shows The Government’s Help to Buy scheme remains fruitful amongst prospective first time buyers (FTBs) throughout the majority of England. UK’s online housing search provider, Zoopla has released new statistics which reveals where

The UK Housing Market: A Speculative Forecast

Despite the assumption that we will leave the EU in 2020, the economic and political background to the housing market will be more robust over the next five years, even though some uncertainty will remain

Property Fraud And Fake ID Is Swamping The Conveyancing Sector

The intensification of property fraud and fake ID documents means that conveyancers are much more accountable when it comes to ensuring their clients are who they say they are. Over the past 18 years, property

Duncan Gazeal

With the proposed implementation of Reservation Agreements being high on the Government’s agenda in a bid to reduce the risk of fall throughs across England and Wales, Managing Director and founder of Gazeal, Duncan Samuel,

Proptech Milestones In The Conveyancing Industry

Developments in Proptech is ever-evolving and is fast becoming a top priority amongst conveyancing firms’ strategies across the country. This growing technological sector which includes artificial intelligence (AI), machine learning algorithms, blockchain technology, the rise

https://todaysconveyancer.co.uk/main-news/committed-financial-incentives-needed-says-builder-federation/

In response to Liberal Democrats manifesto published this week, the Federation of Master Builders (FMB) stated that more committed financial incentives are needed to reduce emissions from buildings by 2025. With the country voting on

Are You Ready For The Account Rules SRA Regulatory Changes?

Regulatory change is imminent for law professionals and law firms as the new SRA Standards and Regulations comes into force on 25th November. In just a few days, the 2011 SRA Handbook will be replaced

https://todaysconveyancer.co.uk/?p=30181&preview=true

This week the Royal Institution of Chartered Surveyors (RICS) launched a new Home Survey Standard to protect buyers and sellers, while providing better clarity and transparency to consumers. The new mandatory standard followed an industry

Leading Conveyancing Firms Exposed To Fraud And Cyber Crime

The majority of 200 leading law firms are completely unprepared and susceptible to cyber attacks, according to a 2019 report on fraud and cyber crime vulnerabilities in the legal sector. Crowe, KYND and University of

What Will the 5AMLD Mean For Conveyancers?

As the Fifth Money Laundering Directive (5AMLD) will be introduced on the 10th January 2020 which supersedes the Money Laundering Regulations from 2017, George Stark, director of Veriphy, who provide intelligent compliance for professionals, talks

https://todaysconveyancer.co.uk/main-news/technology-pivotal-top-law-firms-strategic-plans/

The use of evolving technology has become fundamental in the UK’s leading law firms key strategic planning. With developments in artificial intelligence, automation and machine learning transforming businesses, top law firms are tapping into the

Integrity And Ethics Under The Spotlight In Latest SRA Outlook

Integrity and Ethics have been put under the spotlight in the newly released Solicitors Regulation Authority (SRA) Risk Outlook for 2019/20, citing it as one of their nine challenging key risks which continually needs adhering

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