Blockchain conveyancer uses AI to put online auctions “beyond manipulation” (LF)
An online property sales platform that uses the blockchain to record property transactions has adopted artificial intelligence (AI) technology in its auction process, in the hope of boosting trust by […]
Legal Ombudsman costs jump £1.8m ahead of 20% case increase (LSG)
The Legal Ombudsman’s office says that its spending this year will rise sharply after it admitted underestimating its likely workload.
Government admits falling behind on Right to Buy replacement pledges (PIE)
The Government has admitted falling short on its commitment to replace council housing units sold under the Right to Buy scheme.
Estate agents fined average of £12k for AML non-compliance (TC)
Recent research has revealed that 11,842 is the average agency fine for supposed anti-money laundering non-compliance.
Indemnity insurance reforms “will damage small firms” (LF)
Indemnity insurance reforms put forward by the Solicitors Regulation Authority (SRA) last month will damage the small firms the regulator is trying to help, a specialist law firm has warned.
MPs to probe foreign-owned property as part of ‘economic crime’ inquiry (EAT)
The Treasury Select Committee of MPs has announced an inquiry into ‘economic crime’ – including the possibility that overseas-owned UK homes could be used as shields for money laundering.
Daily Mail asks whether ‘meteoric rise’ of Purplebricks is built on dodgy foundations (PIE)
A major article on Purplebricks at the weekend in the Daily Mail said that its “meteoric rise” could be running out of steam.
Hacked law firm says client and staff details spread on Twitter (LSG)
Hackers have infiltrated the IT system of a national firm to harvest data before attempting to spread data through social media.
Will The Conveyancing Industry Ever Be Free From Fraud?
The conveyancing process is an attractive area for fraudsters due to the typically high value of the property involved.
The winners and the losers from Wales’ new Land Transaction Tax (PIE)
New property taxes in Wales will save average home buyers £560 compared with the old system, research suggests.
People moving home half as often as they did before the crash, reports BBC (PIE)
People are moving home half as often as they did before the crash, the BBC has reported in a national news item.
Anti-Money Laundering: Estate agents having difficulty with re-registration (PIE)
The deadline of April 1 is just a few working days away, but agents are having difficulty with the online system.