Is the UK in a Property Fraud Crisis?
Property fraud is a serious ongoing issue in the UK, with millions lost each year through a variety of scams varying from fraudulent Land Registry changes to underhanded landlord practices.
Britain’s biggest managing agent FirstPort sold on – again
Firstport the controversial property management company, have recently negotiated a major re-financing package with Lucid Trustee Services and investors Equistone.
Conveyancers Warned Of Impersonation Fraud Invading The Sector (TC)
Multiple legal regulators have warned that impersonation fraud and spoofing using highly detailed and sophisticated social engineering techniques is rife in the legal sector at the moment.
Agents urged to prepare for banks requiring individual client accounts (PW)
Letting agents are being advised to have a back-up plan as a major UK bank has notified clients that it will be closing undesignated client accounts.
Legal crowdfunding campaign to back Section 21 appeal (PIE)
A legal crowdfunding campaign to raise money for an appeal against a Section 21 ruling has almost reached target – after just one day and with 27 days still to […]
Exodus Continues As Another PI Insurer Escapes Hardening Market (TC)
Law firms and abandoned solicitors have been left reeling after their Personal Indemnity Insurance (PII) provider made the decision to leave the PII sector six weeks before many pending policy […]
Brexit blamed for conveyancing dip (LSG)
Continued Westminster wrangling over Brexit is plaguing the conveyancing market, it has been claimed, as official figures revealed the slowest quarter for activity in two years.
Solicitors’ fury as insurer leaves PII market (LSG)
Sole practitioners and principals of small firms have reacted with shock and bewilderment to letters notifying them that their insurer has pulled out of the professional indemnity market.
Agents urged to prepare for banks requiring individual client accounts (PW)
Letting agents are being advised to have a back-up plan as a major UK bank has notified clients that it will be closing undesignated client accounts.
Big law firm “will ditch client account by end of year” (LF)
A large commercial law firm will ditch its client account in favour of a third-party managed account (TPMA) by the end of the year, a leading payment processor has predicted.
Homes “stuck in the legal log-jam” reach five year high says Rightmove (EAT)
Rightmove says the number of homes stuck in what it calls “the legal log jam” is at its highest for over five years.
Conveyancing ‘log-jam’ as properties taking longer to get under offer to exchange (PIE)
Properties are taking longer to get from sales agreed to exchange, Rightmove said this morning.