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Conveyancing and other property related news

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

Slow progress migrating land charge data (LSG)

HMLR remains optimistic about efforts to reform land charge data to make the conveyancing process less stressful – despite acknowledging that the work is going slower than expected.

Rob Hailstone January 16, 2020

Housing Secretary commits to redress scheme for leaseholders (PIE)

Housing Secretary Robert Jenrick has confirmed that leaseholders will get a redress mechanism as he promised that long-awaited legislation on reform of the controversial form of tenure is on its

Rob Hailstone January 15, 2020

Security chief tells agents ‘more to do’ over money laundering (EAT)

Estate agents and others in the property industry have much more to do to deter money laundering.

Rob Hailstone January 15, 2020

Estate Agent Guilty Of Conveyancing Fraud (TC)

Claire Louise Ainsworth has been found guilty of conveyancing fraud, whilst she worked for an online estate agent.

Rob Hailstone January 14, 2020

APPG recognises efforts of Law Commission to improve enfranchisement

The All-Party Parliamentary Group recognises the efforts of the Law Commission and welcomes efforts to make leasehold enfranchisement – extending leases and leaseholders’ buying the freehold – easier, simpler and

Rob Hailstone January 13, 2020

HMRC quietly drops AML application fee for estate agents (TN)

Decision is made to remove the £100 fee just 24 hours before the latest and 5th EU Anti Money Laundering directive passes into UK law.

Rob Hailstone January 13, 2020

Shock data shows UK agents amongst the worst paid in the world (EAT)

UK estate agents are amongst the worst paid in any country in the world according to new data.

Rob Hailstone January 13, 2020

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

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