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Open thread: how would you reform the homebuying system?

Conveyancers learned yesterday that the government is to review the homebuying process, which rekindled memories of the much-criticised HIP scrapped in 2010. How would you reform the system?

Rob Hailstone June 8, 2016

Son of HIPs? Agents could supply more information about property at marketing (PIE)

A Tory MP has said that the Government must accept the fundamental need for complete change in the conveyancing system.

Rob Hailstone June 8, 2016

MP calls for CML handbook to be reduced to speed up conveyancing (TC)

Reducing the size of the Council for Mortgage Lenders Handbook would vastly speed up the conveyancing process according to one former conveyancing MP.

Rob Hailstone June 8, 2016

VAT on CON29 searches to be delayed again (TC)

The addition of VAT to local authority searches has been deferred for a second time. VAT was set to be applied to CON29 searches from 4th July, but the decision

Rob Hailstone June 8, 2016

Law Society pushes ahead with governance reforms (LF)

The Law Society has said it is making progress in its overhaul of governance, after its ruling council agreed that work should be done to “develop suggestions for change in

Rob Hailstone June 8, 2016

Government vows to look again at confidentiality of lawyer-client communications

News that ministers will continue to work with professional bodies representing the legal profession over the issue of legal professional privilege (LPP) has been welcomed by the Law Society of

Rob Hailstone June 8, 2016

Leave anti-money laundering guidance to us – Law Society (LSG)

THE professions should ’own’ anti-money laundering guidance as they best understand the fight against organised crime, the Law Society said recently.

Rob Hailstone June 8, 2016

Ministers to consult this year on modernising conveyancing (LSG)

The government is to publish a ‘call for evidence’ later this year to modernise the homebuying experience amid concerns about conveyancing.

Rob Hailstone June 7, 2016

Conveyancers sanctioned for advice failures and registration oversight (LF)

A conveyancer who failed to report important details to lender clients or follow their instructions in over 100 transactions has been fined £2,000 by the Solicitors Regulation Authority.

Rob Hailstone June 7, 2016

Conflict of interest ex-solicitor fined £2k by SRA (LSG)

A former partner in a firm has pledged to eschew the solicitors’ profession after admitting to rule breaches in more than 100 conveyancing transactions.

Rob Hailstone June 7, 2016

Assistant solicitor fined £5k for failing to register interest in property (LSG)

A conveyancing solicitor has been fined for failing to register a notice of interest in a property for another firm’s client. Assistant solicitor fined £5k for failing to register interest in

Rob Hailstone June 6, 2016

28 per cent of house sales fall through after offers are accepted (EAT)

Almost three in 10 buyers have seen their house purchase fall through after making an offer – typically leaving them almost £3,000 out of pocket as a result.

Rob Hailstone June 6, 2016