Bovis billed £7m to compensate owners of poorly-built homes (TC)
In the wake of Bovis Homes having to pay £7m in repair costs, new questions have been raised regarding the standard of new-build properties.
Building demand means 11 house hunters chase each property (TC)
In January, the number of properties available to purchase on estate agents’ books was 38. This is the lowest recorded amount since July 2016 and is a drop of 3 […]
LeO’s bid to give complaints data to comparison websites delayed by IT problems (LF)
Plans by the Legal Ombudsman is to give comparison websites details of complaints against law firms will be delayed by the service’s computer problems, it has emerged.
Record year reported for conveyancing firms (PIE)
Conveyancing volumes hit a record high in 2016 as the number of new firms operating in the market broke a five-year decline.
Law firms “more likely to pay cyber crooks” who lock their IT systems (LF)
More than a quarter of law firms that fall victim to ‘ransomware’ – software used by cyber crooks to block access to computer systems – end up paying £5,000 or […]
Solicitors’ fees should not pay for LeO expansion – Law Society (LSG)
The Law Society has told regulators that solicitors should not fund any expansion of the complaints process to include non-regulated firms.
Full Speed Ahead as HS2 Gets Royal Assent (IC)
HS2 Bill gains Royal Assent paving way for new rail line that will increase capacity on our railways, connect the biggest cities, generating jobs and economic growth.
Property fraud: Can estate agents do more to prevent it? (PIE)
I am sorry to report that conveyancing isn’t going to get quicker any time soon!
Lenders Start to Change Ground Rules on Ground Rent (IC)
With a heightened sense of concern relating to ground rents lenders are now reacting via changes to their individual versions of their CML Handbook or BSA Mortgage Instructions.
Oyez Celebrating 21 Years! (IC)
In its first 100 years, Oyez, originally known as The Solicitor’s Law Stationery Society and founded in 1888 by a group of solicitors, grew to become the largest UK legal […]
Downward trend in conveyancing firms stopped in its tracks as work volumes rise (LF)
The total number of law firms registering conveyancing transactions rose 4% in 2016 to 5,572, halting five years going the other way, and they are busier than before the financial […]
Money Laundering: HMRC to work closely with Trading Standards (EAT)
HMRC and the National Trading Standards Estate Agency Team have agreed new procedures to “enhance and ease the current flow of information on estate agency businesses between both parties.”