Land Registry successfully transfers house using blockchain
A trial of blockchain involving the digital transfer of property ownership has been completed by HM Land Registry.
Is Help To Buy a Rip Off? First time buyers pay 12% premium (EAT)
First time buyers purchasing new homes using the government’s Help to Buy equity loan scheme paid on average 12 per cent more in February 2019 than those buying new homes […]
Firm Loses £600K In Conveyancing Scam (TC)
Fraudsters deceived Woodfords Solicitors by using a phony email to trick them into sending more than £600,000 from the proceeds of a client’s house sale to their bank account.
Help to Buy ‘encouraging’ first-time buyers to purchase more expensive property (PIE)
Analysis by conveyancing comparison website Reallymoving has found that first-time buyers using Help to Buy are now paying 12% more than those buying secondhand homes.
Law firms failing to disclose conveyancing fees despite transparency rules (PIE)
Home buyers are still being misled over conveyancing charges despite transparency rules on fees being introduced in December 2018.
Are law firms with a high requisition rate ready to learn lessons from the exercise?
M Land Registry has fulfilled its promise to reveal how good are individual conveyancing firms at applying for changes to the register – by publishing three massive spreadsheets with 15-column […]
Newspaper accuses agents of misleading sellers into paying higher commission (PIE)
On Saturday’s front page of The Times, the story was run under the headline “Estate agents dupe sellers”.
Conveyancers “underquoting to win business”, SRA suggests (LF)
Some conveyancing law firms are providing unrealistic initial quotes in order to win business and most cause unnecessary enquiries from the Land Registry, Solicitors Regulation Authority research (SRA) has suggested.
Conveyancers ‘not explaining leaseholds’, SRA claims (LSG)
An alarming proportion of conveyancing firms are failing to explain the difference between freehold and leasehold ownership, research by the Solicitors Regulation Authority has found.
Purplebricks stock downgraded 80% by investment bank (EAT)
Analysts at Berenberg Bank have sharply reduced their price target for Purplebricks by over 80 per cent from 470p to 80p, accusing the company of having “flown too close to […]
Blockchain trial “has potential to transform property market” (LF)
The use of blockchain software in the end-to-end conveyancing process came a step closer when a worldwide trial involving international law firms and banks found the time taken to transact […]
New platform aims to cut property transaction time by months
Instant Property Network (IPN), a property transaction network, has completed a global trial of a new distributed ledger-based system that has the potential to speed up property transactions.