Mortgage repossession claims on the rise (LSG)
The number of mortgage repossession claims is creeping up again after a lengthy period of stability, new figures show.
Solicitors warned about failure to report sanctioned clients (LSG)
Action could be taken against law firms that fail to report clients subject to financial sanctions, the Treasury has confirmed.
Cyber crime a big threat, say conveyancers (but they haven’t done much about it) (PIE)
Almost six in ten property law firms say that cyber crime poses a big threat when handling property transactions – but only a minority have done much about it.
New Bill to implement GDPR into UK law (TC)
A new Data Protection Bill will implement the EU’s General Data Protection Regulation into UK law.
Lawyers face prosecution threat over financial sanctions compliance (LF)
Lawyers are among those who could face prosecution if they fail to report information that could undermine UK financial sanctions, after a change to the law that came into force […]
Bid for higher SRA fining powers and lower burden of proof “on government agenda” (LF)
The Treasury yesterday finally published an update on progress with the recommendations of the Insurance Fraud Taskforce, showing that the possibility of increasing the fining power of the Solicitors Regulation […]
Government tries to stamp out speculation over Help To Buy (EAT)
The Government has poured cold water over industry speculation that Help to Buy could be phased out or significantly modified between now and its official end in 2020.
Developer agrees to buy back freeholds as storm over leasehold scandal gathers (PIE)
Property developer Countryside Properties has agreed to buy back some of the freeholds it sold to investor E&J Estates.
HIPs lite: Countrywide well placed to introduce Scottish Home Reports south of the border (PIE)
Countrywide would be well placed to trial English-style Home Reports, the managing director of one of the estate agency’s Scottish surveyor brands has claimed.
Help to Buy Equity Loan Scheme will continue to 2021 (IC)
The Department for Communities and Local Government (DCLG) issued a statement amid reports that the scheme was set to be scrapped soon. Since its launch in 2013 it has helped […]
Digital signatures could speed up mortgage process (TC)
HM Land Registry have claimed that the days of mortgage deeds being confined to paper may be drawing to a close.
Money laundering fraudster fooled victims over ‘dream properties’ (TC)
A fraudster who fooled victims by convincing them that they were purchasing dream homes has been sentenced to six years in prison.