First-time buyer deposits to soar 57% by 2027, warning (PIE)
The average first-time buyer deposit could soar by more than a half in the next decade, a mortgage broker has warned.
Buying agent warns buyers never to deal with estate agent’s own mortgage broker (PIE)
An angry buying agent has used social media to warn purchasers to “never, ever, ever deal with a mortgage broker who works in or with an estate agent”.
Survey highlights communication gap between conveyancers and their clients (LF)
Almost half of conveyancing clients complain of a lack of communication during the process, while two-thirds of conveyancers believe they keep consumers fully informed, a survey has found.
Legal regulation review ‘not realistic’ amid Brexit, concedes oversight body (LSG)
A full-scale overhaul of the legal regulatory framework is not expected within the next three years, the oversight regulator has forecast.
Shopping around will not help clients, Society tells SRA (LSG)
Plans to force firms to publish their fees are unnecessary and may simply confuse or mislead consumers more, the Law Society has told the Solicitors Regulation Authority.
Land Registry reveals details of faster, more automated conveyancing (EAT)
The Land Registry has revealed more details of long-term plans to improve and speed up conveyancing processes in a five year business strategy.
The CMA and the Conveyancer – Perfect Bed Fellows!
The Competition and Markets Authority has concluded that competition in legal services for individual consumers and small businesses is not working well. It wants a “step change in transparency” so […]
LSB to investigate regulatory risks of AI as it promises to act as “agent of change” in legal market (LF)
The Legal Services Board is to launch a project to investigate the regulatory implications of the latest technology, including artificial intelligence.
First-time buyers who accidentally paid stamp duty can apply for refunds, say HMRC
First-time buyers who have accidentally paid stamp duty on property purchases completed since last week’s Budget will be able to claim refunds, HM Revenue & Customs has confirmed.
Government urged to end ‘fleecehold’ abuse (PIE)
MPs are calling for an end to “leasehold-like terms” being foisted on owners of freehold new-build homes in a practice dubbed ‘fleecehold.’
Four property redress schemes look set to be replaced by single housing ombudsman (PIE)
The Government is to look at the possibility of having just one housing ombudsman in future, operating across both private and social sectors.
Land Registry opens way for compare the conveyancer (LSG)
HM Land Registry is considering publishing comparative data about conveyancers to give clients ‘a real picture of how well their conveyancer is performing, and to enable firrms to track their […]