News - Page 457 of 755 - Bold Legal Group

Average exchange of contracts takes over five months – claim (EAT)

A sales progression tool is urging property professionals and consumers alike to do more to speed up typical transaction times, and claims that on average the exchange of contracts takes

Rob Hailstone August 16, 2019

16,500 Homes Sold By Modern Method of Auction Firm (TC)

Modern method of auction is growing in popularity across the UK as a more buyer friendly option. It works like an auction on eBay, where buyers can bid on property

Rob Hailstone August 16, 2019

Anti-money laundering expert calls for developers’ loophole to be closed (PIE)

A company that runs an anti-money laundering verification platform has called for all property sales to be brought under the law.

Rob Hailstone August 15, 2019

Solicitors “must think about run-off cover” ahead of SIF closing (LF)

Partners and fee-earners in law firms which have closed should give “careful thought” to buying additional run-off cover to protect them when the Solicitors Indemnity Fund closes next year.

Rob Hailstone August 15, 2019

Landlords’ confidence collapses to a record low after ‘abolition of Section 21’ announcement (PIE)

Landlord confidence has fallen to a record low, according to the National Landlords Association.

Rob Hailstone August 14, 2019

Council takes 50 working days to complete a search (EAT)

A London council admits that it typically takes 50 working days for a search – which means a Local Land Charge submitted today would be answered around October 23.

Rob Hailstone August 13, 2019

Reform Of Money Laundering Rules Urgent (TC)

McMafia style rules may work well on TV. But such practices do not serve society well should they become a reality.

Rob Hailstone August 13, 2019

Developers selling homes do not have to register for AML but estate agents do (PIE)

Developers selling homes on their own sites do not have to be registered for anti-money laundering purposes – but any estate agent selling those very same homes must be.

Rob Hailstone August 12, 2019

SDT throws out money laundering case against solicitors (LF)

The Solicitors Disciplinary Tribunal has thrown out the prosecution of two solicitors for breaching the money laundering regulations rules after finding that they had no case to answer.

Rob Hailstone August 12, 2019

Mortgage possession claims shoot up after stable three years (LSG)

The number of mortgage possession claims has surged by almost 40% in the past year, and warrants and repossessions are also on the rise.

Rob Hailstone August 12, 2019

Second Unexplained Wealth Order Triggered in July To Prevent Organised Crime (TC)

The second UWO has been issued in July to prevent the proliferation of criminals using property to secrete and launder their ill gotten gains.

Rob Hailstone August 9, 2019

SRA spells out how to lack integrity without being dishonest (LF)

The SRA has set out ways in which solicitors can fail to act with integrity – the source of much debate over the extent to which it differs from dishonesty.

Rob Hailstone August 9, 2019