Property

A listed property technology firm has bought a firm of licensed conveyancers to help it test products in a “live environment” before they are launched.

A company seeking to become a linchpin in the property market is to trial a crypto-currency to replace the traditional transfer of money between banks and conveyancers.

The UK’s first-ever property deal using the new qualified electronic signature, which is being trialled by HM Land Registry, was completed this week.

HM Land Registry is to pilot the use of qualified electronic signatures that do not need to be witnessed, which it said could be a “gamechanger” for conveyancing.

Two solicitors who breached the trust of vulnerable clients in need of cash by acting in a dodgy quick home sale scheme have been suspended from practice.

Estate agents have called for the introduction of digital property logbooks, supplied by companies regulated by the government, to help speed up the conveyancing process.

HM Land Registry is to pilot a new lawyer certification scheme in the next year to “help provide trust” in the information it receives.

There were more property transactions in June than in any month on record as homebuyers rushed to beat the stamp duty land tax holiday deadline, HM Revenue & Customs revealed today.

A house in Kent is the first being sold using a blockchain network that connects conveyancers with estate agents and mortgage lenders.

A conveyancing platform which aims to provide a “central source of truth” for buyers, sellers, estate agents and lawyers is being tested by law firms in Kent.