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Government urges property sector to crack down on money laundering (TC)

Property professionals are being urged to report suspicious activity if they believe that money laundering could be taking place when buying properties.

Rob Hailstone October 31, 2018

Is that it? Industry downbeat after lacklustre Budget for housing (EAT)

The agency industry has reacted in a broadly downbeat way at the relatively few housing-related proposals that were announced in yesterday’s Budget.

Rob Hailstone October 30, 2018

Agents slammed for “milking buyers for profits” via online auctions (EAT)

A consumer group says agents are securing increasing income from online auctions, but it warns that for buyers there are pitfalls – and the group says the growing sector is

Rob Hailstone October 30, 2018

Damp squib of a Budget and no fireworks as Hammond delivers little on housing (PIE)

There were no fireworks for the property industry in yesterday’s damp squib of a Budget.

Rob Hailstone October 30, 2018

Estate agents warned they must tip off authorities over money laundering suspicions (PIE)

Estate agents have been told that they must tip off the authorities when they have suspicions of money laundering.

Rob Hailstone October 29, 2018

Conveyancers Will Welcome Banks Fight Against Transfer Fraud (TC)

In a proactive move to eliminate transfer fraud, lenders will begin to check that names on transfers match the account in a bid to stop fraudsters in their tracks.

Rob Hailstone October 29, 2018

Money laundering is a dirty business

Criminals employ a range of techniques to clean their “dirty money”.

Rob Hailstone October 26, 2018

New leasehold figures show ‘thousands of home owners already trapped’ ahead of reforms (PIE)

New leasehold figures have been released by the Government, coinciding with today’s planned second reading of the Leasehold Reform Bill.

Rob Hailstone October 26, 2018

Letting agents being brought into anti-money laundering regime via back door (PIE)

Letting agents are being brought into the anti-money laundering by stealth.

Rob Hailstone October 26, 2018

Technology “can help conveyancers meet consumer demands” (LF)

Only a tiny number of conveyancing firms are committed to innovation, while consumers are pressing for technology that gives them access to information, according to a survey of conveyancers.

Rob Hailstone October 26, 2018

Legal Ombudsman set finally to clear complaints backlog (LF)

The Legal Ombudsman will finally be able to look the profession in the eye again next year when it clears the backlog of complaints, its chair has said.

Rob Hailstone October 22, 2018

Stamp Duty – is it as big a problem as we think? (EAT)

Few things anger the industry more than the effect of stamp duty and other costs on property transactions.

Rob Hailstone October 19, 2018