Investors back conveyancing network and managed account provider (LF)
A blockchain network that connects conveyancers with estate agents and mortgage lenders has received a £6m funding boost.
Conveyancing nightmare continues weeks after ‘security incident’ (LSG)
Conveyancing woes are continuing for some home buyers and sellers more than a month after an IT systems failure paralysed some of the largest conveyancing practices in the UK.
Legal firm launches group action against Simplify over cyber-attack (PIE)
Keller Lenkner UK has launched a group action compensation claim after Simplify experienced a ‘major security breach’ thought to be a cyber-attack.
Green Mortgages linked to EPC ratings set to soar in number (EAT)
Around a quarter of mortgage lenders currently have ‘green’ products promoting improved EPCs – and the vast majority of the rest say similar mortgages are on their way.
Stop Property Fraudsters – new guide released (EAT)
A new guide to help avoid property title fraud, where home ownership can be stolen, has been released by the Fraud Advisory Panel, HM Land Registry and the Law Society.
Law Society urges ‘radical change’ to fix struggling legal ombudsman (LSG)
The Law Society has said it is content for the legal ombudsman to bring in agency staff to address the growing backlog of unopened cases.
Agent Regulation ‘may be tested in one part of the UK’ (EAT)
One part of the UK is to get a taste of the mandatory estate agent regulation that many want to see right across the country.
Deadline for agents to join hybrid agency ‘class action’ group is midnight tonight (TN)
Hundreds of former self-employed agents who have worked in a self-employed capacity for hybrid agencies have now joined – principally those who worked for Purplebricks and Yopa.
Fraudsters lied about retaining Manchester solicitors to fool NatWest (LF)
The fraudsters whose activities led to NatWest being fined £265m over anti-money laundering failures lied about having retained a Manchester law firm in a bid to deflect suspicions.
Conveyancing IT crash exposes weaknesses in transaction process (EAT)
At the moment if a property is marked ‘under offer’ the assumption is it’s sold, and the ensuing legal process is a foregone conclusion.
IT chaos at Simplify conveyancing group ‘makes my blood boil’ (PIE)
The stressful process of buying and selling property is simply not being managed sensitively.
RoPA-style regulation of estate agents in Jersey backed by trade body (TN)
Propertymark says current situation on the island leaves consumers vulnerable to bad practice and questionable standards.