Careless conveyancers could be liable for title fraud (LSG)
HM Land Registry could recover millions of pounds from conveyancers who fail to take reasonable steps to verify their clients’ identities under Law Commission recommendations to reform the Land Registration […]
Making conveyancing quicker and better – that’s the promise… (EAT)
The Law Commission has unveiled proposals that it claims could stop property fraudsters in their tracks and improve conveyancing at the same time.
New draft legislation launched to expose true owners of UK property bought by foreign entities (PIE)
Foreign companies owning UK properties will have to reveal their ultimate owners on the world’s first public register, after a new draft law was laid yesterday.
Big surge in down-valuations as ‘surveyors predict housing market crash’ (PIE)
There has been a ‘significant’ rise in down-valuations which are now running at the highest rate since the crash in 2008.
Criminals who launder money though UK property could face 5 years in prison (TC)
The Government has announced that foreign companies that own UK properties will have to reveal their ultimate owners on the world’s first public register.
Bid to reduce “low-quality” money laundering reports (LF)
High numbers of low-quality suspicious activity reports (SARs) are making it difficult to investigate money laundering, the Law Commission has warned.