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Conveyancing and other property related news

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

Lender calls for Stamp Duty to be reformed into a seller’s tax (PIE)

Yorkshire Building Society has reiterated its calls to make Stamp Duty a seller’s tax ahead of the Budget next week.

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Rob Hailstone March 3, 2017

Solicitors urged to alert SRA to criminal charges (TC)

The SRA have recently urged solicitors to adhere to Part 4 of the Practising Regulations, following increasing media reports of solicitors being charged or convicted of crimes.

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Rob Hailstone March 3, 2017

Consolidator Metamorph makes niche property firm its latest deal (LF)

Alternative business structure and consolidator Metamorph Law has completed its second deal by taking over niche practice SLC Solicitors.

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Rob Hailstone March 3, 2017

Lenders ‘wrecking one in five transactions because of down-valuations’ after deals agreed (PIE)

Banks and building societies are refusing to lend on about one in five properties because of down-valuations by their surveyors.

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Rob Hailstone March 2, 2017

Bovis billed £7m to compensate owners of poorly-built homes (TC)

In the wake of Bovis Homes having to pay £7m in repair costs, new questions have been raised regarding the standard of new-build properties.

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Rob Hailstone March 2, 2017

Building demand means 11 house hunters chase each property (TC)

In January, the number of properties available to purchase on estate agents’ books was 38. This is the lowest recorded amount since July 2016 and is a drop of 3

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Rob Hailstone March 1, 2017

LeO’s bid to give complaints data to comparison websites delayed by IT problems (LF)

Plans by the Legal Ombudsman is to give comparison websites details of complaints against law firms will be delayed by the service’s computer problems, it has emerged.

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Rob Hailstone March 1, 2017

Record year reported for conveyancing firms (PIE)

Conveyancing volumes hit a record high in 2016 as the number of new firms operating in the market broke a five-year decline.

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Rob Hailstone February 28, 2017

Law firms “more likely to pay cyber crooks” who lock their IT systems (LF)

More than a quarter of law firms that fall victim to ‘ransomware’ – software used by cyber crooks to block access to computer systems – end up paying £5,000 or

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Rob Hailstone February 28, 2017

Solicitors’ fees should not pay for LeO expansion – Law Society (LSG)

The Law Society has told regulators that solicitors should not fund any expansion of the complaints process to include non-regulated firms.

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Rob Hailstone February 28, 2017

Full Speed Ahead as HS2 Gets Royal Assent (IC)

HS2 Bill gains Royal Assent paving way for new rail line that will increase capacity on our railways, connect the biggest cities, generating jobs and economic growth.

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Rob Hailstone February 24, 2017

Property fraud: Can estate agents do more to prevent it? (PIE)

I am sorry to report that conveyancing isn’t going to get quicker any time soon!

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Rob Hailstone February 23, 2017
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