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Conveyancing and other property related news

All the latest news and updates from the conveyancing and property world

Law firm has “no real prospect” of defending £5.2m claim (LF)

A London law firm has “no real prospect” of defending a £5.2m breach of trust claim brought against it following a London property deal, the High Court has ruled.

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Rob Hailstone April 16, 2019

Government promises private tenancy law reform – but does not say when (LSG)

A Thatcher-era reform introduced to encourage the then-moribund private rental market is to be reversed under proposals announced by the prime minister today.

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Rob Hailstone April 16, 2019

TSB has become the first UK bank to pledge to refund customers who fall victim to any type of fraud

Scam victims are to be reimbursed in full by TSB, which today becomes the first bank in Britain to offer a fraud refund guarantee. Telegraph Money has long called for

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Rob Hailstone April 15, 2019

New Buying Method Doubles Conveyancing Transaction Process (TC)

The new modern eBay-style online property auction, which is meant to cost buyers thousands of pounds in extra fees, grants a much longer transaction timeframe.

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Rob Hailstone April 15, 2019

Government announcing intention to abolish Section 21 today (PIE)

The Government is today announcing its intention to abolish Section 21, so-called ‘no fault’ repossessions in the private rented sector.

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Rob Hailstone April 15, 2019

Digitisation Of The Mortgage Process Increasingly Appealing To Consumers (TC)

The mortgage and remortgaging sector solidified their transition into digitisation this week with the announcement that Moneysupermarket are launching a comprehensive remortgaging price comparison tool and HM Land Registry’s update

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Rob Hailstone April 12, 2019

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.

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Rob Hailstone April 12, 2019

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

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Rob Hailstone April 11, 2019

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.

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Rob Hailstone April 11, 2019

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.

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Rob Hailstone April 10, 2019

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.

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Rob Hailstone April 9, 2019

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

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Rob Hailstone April 8, 2019
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