Latest mortgage fraud case ‘strikes at the heart of conveyancing (TN)
By changing her name and then applying for a passport, Sarah Broadbelt sold a property she didn’t own for £75,000 without anyone in the chain noticing.
The delays that make house-buying painfully slow (EAT)
A PropTech firm has calculated the different delays that lead to transactions taking an average 120 days (and often much longer) from SSTC to completion.
Fall of over 100,000 transactions leads to drop in number of conveyancing firms (PIE)
There were over 100,000 fewer conveyancing transactions in the first nine months of this year compared with the same period last year.
Average transaction time stretches another 15 working days as it takes longer to complete (PIE)
It is taking 15 working days longer than a year ago to get a transaction through from acceptance of an offer to completion.
Leading Conveyancing Firms Exposed To Fraud And Cyber Crime (TC)
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.
“Mixed messages” from consumers on online conveyancing (LF)
Only 19% of home buyers use online conveyancers, despite the dominance of online searches as a way of finding property, a report has found.