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Referral fees and what the new crackdown could mean for agents (PIE)

There are those that boast that they never pay referral fees, because “they are so good”, and those who bleat that “we can’t win work unless we pay referral fees”.

Rob Hailstone March 13, 2019

Purplebricks enquirer advised that firm would get over £380 conveyancing referral fee (PIE)

A potential customer of Purplebricks was told that the firm would be paid a referral fee of £382.85 plus VAT for conveyancing.

Rob Hailstone March 13, 2019

First time buyers slam fees for mortgages, removers and conveyancers (EAT)

Half of first time buyers say they made expensive mistakes during their process of purchasing their home, with mortgage brokers, removal companies and conveyancers in the firing line.

Rob Hailstone March 13, 2019

Freehold ‘Inequality Of Arms’ Scrapped Under Leasehold Reforms (TC)

“It is the secretary of state’s intention to close the legal loopholes that allow freeholders to unjustifiably recoup legal costs from leaseholders.”

Rob Hailstone March 13, 2019

Agent shuts business and rips into ‘lying sellers and lazy solicitors’ (EAT)

Maverick Cornish estate agent Chris Wood has quit the industry with a stinging attack on those who have “taken their toll” on him over 30 years.

Rob Hailstone March 11, 2019

Property Sector Poses Economic Risk From AML Perspective (TC)

A new report released on 8th March 2019 believes that the UK’s anti-money laundering system is fragmented and needs urgently re-ordering.

Rob Hailstone March 11, 2019

Mortgage lenders worried about commonhold insolvency (LSG)

Mortgage lenders are reluctant to lend money to homebuyers in a commonhold set-up over insolvency fears, says the Law Commission, which has been tasked by the government to find ways

Rob Hailstone March 11, 2019

HMRC is turning its sights to smaller agents so put compliance top of your agenda (PIE)

MPs described estate agents as the “weak link” in the anti-money laundering regime, in a new report on economic crime from the Treasury Select Committee which called for HMRC to

Rob Hailstone March 8, 2019

Referral fees backfire on agents and encourage poor conveyancing – claim (EAT)

The head of residential property at a law firm is warning that referral fees can backfire on estate agents who may have lost the support of local conveyancers.

Rob Hailstone March 7, 2019

Countrywide fine ‘shows agents not taking anti-money laundering seriously’ (EAT)

The huge £215,000 fine levied on Countrywide for failing to abide by anti-money laundering procedures is a demonstration that estate agents generally are failing to take the issue seriously.

Rob Hailstone March 6, 2019

MPs want agents views on anti-money laundering after shock HMRC swoop (EAT)

HM Revenue & Customs has issued more details of its bid to encourage estate agents to combat money laundering in the wake of yesterday’s shock announcement about huge fines and

Rob Hailstone March 5, 2019

Referral Fees: “Onus is very much on agents” insists conveyancing chief (EAT)

The director of strategy at the Council for Licensed Conveyancers says “the onus is very much on estate agents” to respond positively to a government initiative to make referral fees

Rob Hailstone March 5, 2019