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Conveyancing and other property related news

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

New housing minister pledges 165,000 homes (EAT)

In his first major act as housing and planning minister, Brandon Lewis has promised 165,000 new houses and apartments will be constructed in the three years from 2015 in a

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Rob Hailstone July 23, 2014

“Too intimidating and too expensive” – new LSB chair’s verdict on the legal market (LF)

The legal market is “too intimidating, too uniform and, in many cases, too expensive”, the new chairman of the Legal Services Board (LSB) has warned.

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Rob Hailstone July 23, 2014

Indemnity cover cut ignores ‘increasing’ number of larger claims (LF)

The number of larger professional indemnity claims is increasing, undermining the case for a cut in the minimum cover for law firms from £2m to £500,000, an industry expert has

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Rob Hailstone July 23, 2014

Trusted advisers, by choice (LSG)

Legal executives could be running their own practices by next year if the Legal Services Board’s consultation gets the green light. No doubt these proposals will have met with some

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Rob Hailstone July 23, 2014

First-time buyer numbers plummeting, says gloomy NAEA (PIE)

First-time buyers are being squeezed out of the market, with a 20% monthly drop in the number of  first-time purchases in June.

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Rob Hailstone July 22, 2014

will-writers’ trade body launches unique ABS (LF)

The Institute of Professional Willwriters (IPW) has won approval for a unique alternative business structure (ABS) that will enable its members and others to access related legal services for their

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Rob Hailstone July 22, 2014

Buckland appointment ‘an insult to lawyers’ (LSG)

Robert Buckland’s appointment as solicitor general is an ‘insult to lawyers’, his Labour shadow said today, after it emerged Buckland had failed to tell the prime minister that he had

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Rob Hailstone July 21, 2014

‘Most buyers will be paying 3% Stamp Duty within two years’ (PIE)

The average home buyer will be saddled with a Stamp Duty bill of at least £7,500 within two years if house price inflation continues at its current pace, estate agency

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Rob Hailstone July 21, 2014

Does the User Clause in your Lease Breach Competition Law?

In April 2011, changes to UK competition law meant that leases and other land agreements became subject to the rules in Chapter I of the Competition Act 1998, which prohibit

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Rob Hailstone July 21, 2014

LSB attacks SRA’s “over-engineered” approach to MDPs and non-lawyer owners (LF)

The Legal Services Board (LSB) has attacked the Solicitors Regulation Authority (SRA) for having “over-engineered” its approach to regulating multi-disciplinary alternative business structures (ABSs) and to approving non-lawyer owners.

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Rob Hailstone July 21, 2014

Lloyds defends solicitor debt collection letters, saying: “Times have changed” (LF)

Views on transparency and clarity “have changed” since Lloyds Bank first started sending letters to debtors under the name of a solicitors’ firm, its group chief executive has told MPs.

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Rob Hailstone July 21, 2014

Nationwide warns firms tempted by lower cover (LSG)

One of the country’s biggest mortgage lenders has issued a warning to solicitor firms attracted by the proposed new mandatory minimum for professional indemnity insurance.  

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Rob Hailstone July 21, 2014
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