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Conveyancing and other property related news

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

New Buying Method Doubles Conveyancing Transaction Process (TC)

The new modern eBay-style online property auction, which is meant to cost buyers thousands of pounds in extra fees, grants a much longer transaction timeframe.

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Rob Hailstone April 15, 2019

Government announcing intention to abolish Section 21 today (PIE)

The Government is today announcing its intention to abolish Section 21, so-called ‘no fault’ repossessions in the private rented sector.

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Rob Hailstone April 15, 2019

Digitisation Of The Mortgage Process Increasingly Appealing To Consumers (TC)

The mortgage and remortgaging sector solidified their transition into digitisation this week with the announcement that Moneysupermarket are launching a comprehensive remortgaging price comparison tool and HM Land Registry’s update

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Rob Hailstone April 12, 2019

Land Registry successfully transfers house using blockchain

A trial of blockchain involving the digital transfer of property ownership has been completed by HM Land Registry.

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Rob Hailstone April 12, 2019

Is Help To Buy a Rip Off? First time buyers pay 12% premium (EAT)

First time buyers purchasing new homes using the government’s Help to Buy equity loan scheme paid on average 12 per cent more in February 2019 than those buying new homes

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Rob Hailstone April 11, 2019

Firm Loses £600K In Conveyancing Scam (TC)

Fraudsters deceived Woodfords Solicitors by using a phony email to trick them into sending more than £600,000 from the proceeds of a client’s house sale to their bank account.

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Rob Hailstone April 11, 2019

Help to Buy ‘encouraging’ first-time buyers to purchase more expensive property (PIE)

Analysis by conveyancing comparison website Reallymoving has found that first-time buyers using Help to Buy are now paying 12% more than those buying secondhand homes.

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Rob Hailstone April 10, 2019

Law firms failing to disclose conveyancing fees despite transparency rules (PIE)

Home buyers are still being misled over conveyancing charges despite transparency rules on fees being introduced in December 2018.

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Rob Hailstone April 9, 2019

Are law firms with a high requisition rate ready to learn lessons from the exercise?

M Land Registry has fulfilled its promise to reveal how good are individual conveyancing firms at applying for changes to the register – by publishing three massive spreadsheets with 15-column

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Rob Hailstone April 8, 2019

Newspaper accuses agents of misleading sellers into paying higher commission (PIE)

On Saturday’s front page of The Times, the story was run under the headline “Estate agents dupe sellers”.

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Rob Hailstone April 8, 2019

Conveyancers “underquoting to win business”, SRA suggests (LF)

Some conveyancing law firms are providing unrealistic initial quotes in order to win business and most cause unnecessary enquiries from the Land Registry, Solicitors Regulation Authority research (SRA) has suggested.

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Rob Hailstone April 8, 2019

Conveyancers ‘not explaining leaseholds’, SRA claims (LSG)

An alarming proportion of conveyancing firms are failing to explain the difference between freehold and leasehold ownership, research by the Solicitors Regulation Authority has found.

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Rob Hailstone April 5, 2019
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