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Conveyancing and other property related news

All the latest news and updates from the conveyancing and property world

Haggle with agents so you pay no more than 1% plus VAT, HomeOwners Alliance tells sellers (PIE)

Consumers are being advised that they should pay estate agents no more than 1% plus VAT for a sole agency contract.

Rob Hailstone January 13, 2020

New Obliged Entities Reporting Requirement Under 5AMLD (TC)

The government has reminded organisations about the requirement for obliged entities to report additional information discrepancies to Companies House.

Rob Hailstone January 13, 2020

Leasehold reform will lead to fewer professionally managed apartment blocks (TN)

Warning comes from leading leasehold services provider which warns reducing income for freeholders will hit the block management sector hard.

Rob Hailstone January 10, 2020

Law Commission Publish Enfranchisement Recommendations (TC)

The Law Commission has published a report setting out options for reducing the costs leaseholders have to pay during the enfranchisement process of extending their lease or buying the freehold

Rob Hailstone January 10, 2020

SRA Urge Firms To Immediately Comply With 5ALMD (TC)

The Solicitors Regulation Authority has urged around 7,000 of its regulated firms to re-assess their processes now that the Fifth Anti-Money Laundering Directive has come into force.

Rob Hailstone January 10, 2020

Leasehold Reforms Easing Enfranchisement Hostility (TC)

A leading specialist in leasehold enfranchisement has claimed current leasehold legislation is to blame for attributing to disputes and hostility between leaseholders and freeholders during the enfranchisement process.

Rob Hailstone January 10, 2020

SRA offers reassurance over short deadline for AML changes (LF)

The Solicitors Regulation Authority will take into account the short period of time law firms have had to comply if they fall foul of today’s new anti-money laundering rules, it

Rob Hailstone January 10, 2020

Three options for reforming leasehold enfranchisement (LSG)

After a year after receiving hundreds of responses to proposals for reforming the process enabling leaseholders to buy or extend their lease, the Law Commission presents the government with three

Rob Hailstone January 10, 2020

Guidance on new AML regime could take months (LSG)

Treasury-approved guidance on how to comply with the new anti-money laundering regime coming in to force today may not be available for months.

Rob Hailstone January 10, 2020

More reforms on their way as government ponders leasehold changes (EAT)

The Law Commission has set out three ways to cut the cost that leaseholders have to pay to buy the freehold or extend the lease of their homes – a

Rob Hailstone January 10, 2020

New AML regime: Agents being hit with cold calls telling them scare stories (PIE)

Agents are reporting that they are being told that they must use electronic verification to make their checks.

Rob Hailstone January 10, 2020

Law Commission criticised by campaigners for ‘underwhelming’ leasehold reforms (PIE)

The Law Commission has been accused of coming up with underwhelming proposals 18 months after it first consulted on reforms to the enfranchisement process.

Rob Hailstone January 10, 2020

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