Conveyancers “underquoting to win business”, SRA suggests (LF)
Some conveyancing law firms are providing unrealistic initial quotes in order to win business and most cause unnecessary enquiries from the Land Registry, Solicitors Regulation Authority research (SRA) has suggested.
Conveyancers ‘not explaining leaseholds’, SRA claims (LSG)
An alarming proportion of conveyancing firms are failing to explain the difference between freehold and leasehold ownership, research by the Solicitors Regulation Authority has found.
Purplebricks stock downgraded 80% by investment bank (EAT)
Analysts at Berenberg Bank have sharply reduced their price target for Purplebricks by over 80 per cent from 470p to 80p, accusing the company of having “flown too close to […]
Blockchain trial “has potential to transform property market” (LF)
The use of blockchain software in the end-to-end conveyancing process came a step closer when a worldwide trial involving international law firms and banks found the time taken to transact […]
New platform aims to cut property transaction time by months
Instant Property Network (IPN), a property transaction network, has completed a global trial of a new distributed ledger-based system that has the potential to speed up property transactions.
First UK Amazon Alexa Property Valuation Tool Is Launched (TC)
Homeowners across the UK will be able to ask their virtual assistant, Alexa, what their property is worth in the current market conditions.
Business Gateway developer pack
Information for software developers and conveyancers who plan to develop the client side of HM Land Registry’s Business Gateway interface.
Agents have just 12 months to head off referral fees ban – warning (PIE)
ARLA Propertymark warns they have just 12 months to prove they can be transparent on referral fees or face yet another ban.
Housing Minister leaves open possibility of scrapping tenant fees ban after Government review (PIE)
Housing minister Heather Wheeler has not ruled out the tenant fees ban in England being scrapped in the future if it was shown to have increased rents.
Firm in ‘clear breach of trust’ over multi-million-pound property deal (LSG)
A law firm acting in a property transaction paid out more than £500,000 to vendors in a ‘clear breach of trust’ and has ‘no realistic prospect of showing otherwise’ at […]
Dodgy Dealing? Agents accused of pushing buyers to in-house mortgages (EAT)
Mortgage brokers are claiming that “a big number” of buyers are being cajoled into using estate agents’ in-house brokers.
Compare conveyancers: Registry publishes error data (LSG)
HM Land Registry has published application error figures for the top 500 conveyancers.