SRA targets hundreds of firms in new anti-money laundering assault (LSG)
Regulators are to demand that hundreds of law firms explain exactly what they are doing to comply with money laundering rules.
Agents warned over referral fees: You’re in the last-chance saloon (EAT)
Estate agents have been warned that if new guidance over referral fees is not taken seriously, they could be faced with an outright ban.
Lawyers accuse agents of failing to comply with CPRs over leaseholds (EAT)
The Law Society claims that the unforeseen charges faced by some purchasers of leasehold properties could be addressed “if developers and estate agents complied with consumer protection regulations” by providing […]
Secret Owners Have Purchased Over 95,000 UK Homes (TC)
Despite increased attempts to crack down on money laundering, the opaque and murky reality of UK property ownership was made clear this weekend with the announcement that more than £56 […]
Report Recommendations Set To Eradicate Leasehold Scourge (TC)
The government have made a public declaration that it would be legally possible to introduce legislation to remove onerous and unfair ground rents in existing leases.
SRA renews attack on firms ignoring ‘dirty money’ rules (LSG)
Regulators are to demand that hundreds of firms explain exactly what they are doing to comply with money laundering rules – with tough penalties promised for those falling short.
Conveyancers ‘too close’ to developers, MPs claim (LSG)
Leaseholders have been coerced into instructing conveyancing solicitors who are too cosy with developers, according to MPs.
Legal challenge on when to provide gas safety certificates to be heard in Court of Appeal (PIE)
A legal challenge is to be brought in the Court of Appeal after a ruling that a landlord could not regain possession of their property because they had not served […]
Agents back call for CMA probe into possible leasehold ‘mis-selling’ (EAT)
The leasehold system has created many unsellable and unmortgageable homes and should change, MPs say.
Reservation Agreement firm claims it “entirely eliminates” fall throughs (EAT)
An industry provider of reservation agreements says its services can “entirely eliminate” fall throughs and reduce failed transactions “to almost zero.”
LSB chief hints at tougher CPD requirements (LSG)
Oversight regulators have given their strongest indication yet that solicitors could face greater obligations to prove their ongoing competence.
New ‘Modern Method of Auction’ firm tries to woo estate agents (EAT)
MyBid4It has been launched by a former Yorkshire estate agent, Charlie Lancaster, and joins companies like sector leader IAMSold.