Reservation Agreements Update – Will They Become Law?

The proposed implementation of Reservation Agreements has been high on the Government’s agenda in a bid to reduce the risk of fall throughs across England and Wales. According to Rightmove data, one in three property

Diversity In Conveyancing: SRA Outlook 2019/20

The Solicitors Regulation Authority (SRA) have released their Risk Outlook for 2019/20, citing ‘Diversity in the profession’ as one of their nine challenging key risks which continually needs tackling in the legal industry. Promoting diversity

Conveyancers Should Be Vigilant To Third Party Cloning

Fraudsters have targeted the Financial Conduct Authority (FCA) by cloning one of their authorised and approved firms, GE Capital Limited. The FCA said the bogus cloned firm has been trying to convince people that they

Modern Method Of Auction Popular With Motivated Vendors

Modern Method of Auction (MMoA) is becoming popular across the UK as a more buyer friendly option, especially with motivated sellers who want to achieve a quick sale. North East based, iamsold is aiming to

Better Support Needed For Conveyancers Undergoing Fertility Treatment

In the wake of National Fertility Week, a recent survey revealed that just two in five UK employees said they felt supported by their managers when experiencing fertility problems or undergoing fertility treatment. In the

Government Pushes Forward With Reservation Agreement Pilot

The Government is keen to introduce a system of having legally binding agreements to reduce the number of transactions collapsing every year. This month the Ministry of Housing, Communities and Local Government initiated the second

Are Reservation Agreements Needed To Stop Fall-Throughs

Back in the summer, the Government confirmed they would be completing a thorough 10-month research and trial into reservation agreements to see whether it would secure the home buying and selling process. Currently, an offer

young-couple-collecting-keys-to-new-home

Homeowners are angry and worried after finding out their new freehold properties they purchased is riddled with restrictive covenants and rent charges. Traditionally, freehold has always been the preferred method of buying as the homeowner

frozen-glass

Risk management and compliance consultancy service provider, Legal Eye has urged solicitors to act now if they are holding client money on account that is subject to financial sanctions. Legal professionals have until tomorrow (11th

Stressed Man

It’s World Mental Health Day today, 10th October, and charity organisations, legal professionals and firms across the UK have echoed their sentiments across the community to raise awareness of the importance of good mental health

High Moving Costs Forces Clients To Find Conveyancing Deals

Homebuyers/sellers in the UK may have to shop around more to get the best deal on conveyancing due to record high moving costs across the country. The average cost of buying and selling in the

Trust Surpasses Price When Clients Select A Law Firm

Reputation and trust are more important than price to clients when it comes to choosing a law firm to help them with a legal matter, according to findings derived from the biggest-ever client experience research

Regulatory Constraints Create Panel Manager Opportunities

Conveyancing panel manager models are evolving more to change and transforming the house buying/selling journey with the addition of concierge services. Whilst conveyancers try to evolve their business models the lack of regulation enables opportunities

Brownfield Sites Could Unlock More Conveyancing Work

Surplus regional brownfield land could potentially open up doors to extra vital conveyancing work for the property industry. Vacant land could help the Government meet its target of 300,000 houses per year and welcomed clients

Conveyancers Warned Over Lack Of Leasehold Advice

A National Leasehold Campaign (NLC) report warns conveyancers that 89% of leaseholders were not properly advised by their solicitor on what they were buying. The report reveals that nine out of 10 leaseholders were not

Conveyancing Searches At Risk By Unprecedented Cyber Attacks

Local searches, which form an essential part of conveyancers role during a home buying process, could be compromised as Councils has reported that UK Local Authorities are fending off 800 cyber attacks every hour. The

Grantham Law Firm Enhances Conveyancing Team

Grantham-based JMP Solicitors has strengthened its conveyancing team by employing a new head of their residential conveyancing department. Conveyancing executive, Jacqui Harley is hired to oversee the conveyancing team, providing legal services for new build

UK Land Registry suffocating From Property Fraud Claims

Property fraud has become a major problem across the country as research has revealed the UK Land Registry has received twice as many property fraud claims that they are able to prevent since 2009. Property

LFS Conference 2019: Cyber Threats, Contracting Economy And AML Compliance Issues Discussed

The LFS Conveyancing Conference 2019 Round Up This year’s must-see event for all conveyancers, the Law Firm Services Conveyancing Conference and Awards (LFS) certainly did not disappoint with an array of industry speakers refreshing existing

Law Society Supports Members On Property Fraud

Due to a potential property fraud crisis in the UK, this month The Law Society has provided up to date advice and practice notes to its members on this ever-increasing issue. Property fraud is on

PropTech Firm Combat Negative Image Of Modern Method of Auction

LetsBid Property, a company operating the controversial Modern Method of Auction, say they are trying to improve the sector’s image. Modern Method of Auction (MMA) works like an auction on eBay, where buyers can bid

New National Shared Ownership Model To Help FTBs

The Government has announced plans for a new national model for shared ownership which means that homeowners will be able to increase their share at lower increments. Housing Secretary Robert Jenrick has said that the

Rise in Homemovers for the first time in three years

The number of people moving home has risen in the first half of 2019, despite deposits remaining at record highs. The research by Lloyds Bank found that there were 160,540 homemovers in the first half

Our New Today’s Family Lawyer Publication Has launched!

Are you a professional working in the family law sector? Following the success of our other Today’s publications, Today’s Wills and Probate, Today’s Conveyancer and Today’s Legal Cyber Risk launching last year, Today’s Family Lawyer

Government Housing Target Found To Be Unrealistic

The current process for calculating housing needs suggests that the Government’s goal of delivering 300,000 homes per year will not be met. Last year in the National Planning Policy Framework, planning consultancy Lichfields had evaluated

16,500 Homes Sold in a Decade by Modern Method of Auction Firm

iamproperty, parent company of iamsold, says it has sold 16,500 properties in a decade through auctions, and now works with 2,500 estate agency branches nationwide. Modern method of auction is growing in popularity across the

UK Property Repossessions Are Soaring

The Ministry of Justice has revealed that mortgage possessions claims have increased more than a third in the last quarter of 2019. Shockingly, those households who have had their homes repossessed because of mortgage arrears

Will New PM Boris Johnson Benefit the UK Property Market?

Before Boris Johnson became the new PM, he outlined his plans for an emergency budget which would significantly cut stamp duty and potentially reignite a stumbling property market. With Boris Johnson beating rival, Jeremy Hunt

Nearly 7,000 Brits Expected To Move House In One Day

The month of August is expected to be an even busier time for conveyancers as Friday 30th August is set to be the most popular day to move house this year, according to research carried

UK property Market Is One of Three Countries to Shrink in 2018

The UK is amongst two other affluent countries who have endured a property market decline in 2018, according to new figures. The MSCI Global Annual Property Index revealed that the size of the UK Market

World’s Largest British Building Society Enters Construction Industry

The largest building society in the world with over 15 million members, Nationwide Building Society, are dipping their toes into house building. In a bid to become apart of the elite UK construction sector, the

Is Housing Dependent on Bank Of Mum And Dad?

‘The Bank of Mum and Dad’ (BOMAD) is set to become the 11th largest financial lender in the UK, highlighting its importance in the property market. There has been an increase in financial support from

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