Referral fees guidance – if you missed free webinar, this is where you can catch up (PIE)
With new guidance issued on the disclosure of referral fees, NAEA boss Mark Hayward last week led an informative webinar on the subject, open to all agents and not just […]
Land Registry drops ‘top 50 name and shame’ plan (LF)
The Land Registry has dropped plans to publish a chart of the top 50 law firms it deals with, ranked by the number of incomplete or erroneous applications they make.
The colour of a client’s money (LSG)
As the SRA renews its drive to clamp down on money laundering, law firms have been put on notice that they will need to show how they are complying with […]
New Freehold Property Form Offers Increased Information To Confused Buyers (TC)
A new Freehold Management Enquiries form is being launched in order to ensure buyers of a property, where a service charge or estate rent is likely to be charged, are […]
Housebuilder Persimmon to launch new snagging scheme after major criticisms (PIE)
Buyers of Persimmon new-builds are to have the right to hold back 1.5% of the total purchase value of a property to allow for snagging issues.
Land Registry prepares to publish conveyancers’ error rates (LSG)
Top-500 conveyancers should be braced to be ‘named and shamed’ by HM Land Registry, which will begin publishing error rates for applications such as register updates, first registrations and new […]
Leasehold scandals deter buyers wanting new-builds – claim ((EAT)
A survey of owners has revealed that recent leasehold scandals have deterred many would-be buyers from considering new build homes.
SRA targets hundreds of firms in new anti-money laundering assault (LSG)
Regulators are to demand that hundreds of law firms explain exactly what they are doing to comply with money laundering rules.
Agents warned over referral fees: You’re in the last-chance saloon (EAT)
Estate agents have been warned that if new guidance over referral fees is not taken seriously, they could be faced with an outright ban.
Lawyers accuse agents of failing to comply with CPRs over leaseholds (EAT)
The Law Society claims that the unforeseen charges faced by some purchasers of leasehold properties could be addressed “if developers and estate agents complied with consumer protection regulations” by providing […]
Secret Owners Have Purchased Over 95,000 UK Homes (TC)
Despite increased attempts to crack down on money laundering, the opaque and murky reality of UK property ownership was made clear this weekend with the announcement that more than £56 […]
Report Recommendations Set To Eradicate Leasehold Scourge (TC)
The government have made a public declaration that it would be legally possible to introduce legislation to remove onerous and unfair ground rents in existing leases.