Law Society urges homebuyers to ring-fence their deposit
People buying a house together risk losing their investment if they don’t seek legal advice first, according to the Law Society.
‘Gaming’ warning about fraudulent borrowers (EAT)
Leading financial experts are warning of increasing numbers of borrowers who apply for unregulated buy-to-let mortgages for homes they intend to live in.
Brokers warn SRA plans ‘unlikely’ to cut PII costs (LSG)
Insurance brokers have warned solicitors not to expect lower professional indemnity insurance premiums even if the rules on minimum cover are changed.
SRA issues guidance on will writing
The Solicitors Regulation Authority (SRA) has issued guidance for solicitors preparing wills. The guidance, published last week, has been drawn up to remind solicitors of their responsibilities and the Outcomes […]
Annual declaration replaces CPD hours (LSG)
Firms and solicitors will have to sign an annual declaration pledging their commitment to continuing professional development instead of completing the current 16-hour mandatory requirement, the SRA has said today.
Training declarations to replace hours-based CPD (LF)
Solicitors will be required to make training declarations on their practicing certificates following the phasing out of hours-based continuing professional development (CPD), the Solicitors Regulation Authority (SRA) has decided.
SRA to ditch mandatory 16-hour CPD (LSG)
The Solicitors Regulation Authority today pledged to scrap the requirement for solicitors to complete 16 hours of Continuing Professional Development (CPD).
SRA set to push ahead with plan to scrap formal CPD scheme (LF)
The Solicitors Regulation Authority (SRA) is pushing ahead with plans to abolish all of the prescriptive requirements around continuing professional development (CPD) and leave it to solicitors and their firms […]
Society to open web system to all conveyancers (LSG)
All conveyancing professionals will have access to the Law Society’s online conveyancing system – so long as they pass due diligence tests equivalent to those in the Society’s Conveyancing Quality […]
Rule change puts COFA heads on the block, says accountant (LSG)
A prominent accountancy firm has warned that compliance officers will have to shoulder extra responsibility if the Solicitors Regulation Authority succeeds in scrapping compulsory accountants’ reports.
Hudson: SRA insurance reform will “destroy high street conveyancing” (LF)
The SRA plans to prevent mortgage lenders from claiming on solicitors’ compulsory indemnity insurance will “destroy high street conveyancing” Law Society CEO Des Hudson says.
Yorkshire Building Society “will not reconsider” ban on unrated insurers (LF)
Yorkshire Building society says it has “no present intention” of reconsidering a ban it has decided to impose on firms with unrated indemnity insurers, even though the SRA decided against […]