Property

The Law Society’s Conveyancing Quality Scheme is a “market barrier”, blocking entry to non-solicitor law firms, the Competition and Markets Authority has been told.

The much-anticipated report from National Trading Standards on estate agents charging referral fees has not recommended banning the practice, calling instead for mandatory disclosure.

Conveyancers, estate agents, surveyors and others have signed up to an ‘industry pledge’ that urges sellers to instruct a lawyer before, or at the same time as, they put their property on the market.

A conveyancer who recklessly facilitated a mortgage fraud before being convicted of three money laundering offences and then failing to surrender to bail has been struck off.

The High Court has issued a second summary judgment ruling against EAD Solicitors arising from the alleged fraudulent activities of a businessman in collusion with a former partner of the Liverpool law firm.

A solicitor who falsified returns to HM Revenue & Customs so as to underpay stamp duty land tax and pocket the difference in a bid to keep his firm afloat has been struck off.

A conveyancing paralegal who tried to cover up her mistake in not sending an updated plan to the buyers’ solicitor has been banned from working in the profession.

The last strict requirement to print and sign a paper document in a property transaction was removed today as HM Land Registry began accepting ‘witnessed electronic signatures’.

There are still too many paper-based processes in conveyancing and consumers will no longer tolerate it in the wake of Covid-19, the chairman of HM Land Registry has argued.

A voluntary cross-industry agreement to improve the home-buying process – including earlier instructions to conveyancers – is being mooted.

Consolidation at the top end of the conveyancing market is speeding up after Simplify announced the acquisition of a leading London and South East firm, the second private equity-backed deal this week.

NAHL plc has seen a modest recovery since lockdown restrictions eased but personal injury and conveyancing work is still at 50% of pre-Covid levels.

A rapidly expanding alternative business structure which combines conveyancing and mortgage advice is expecting a record month as the property market roars back.

Security experts have highlighted email interception as the “weakest link” in firms’ defences against cybercrime in the property market.

Leading conveyancing firm O’Neill Patient – which was last year bought by a private equity firm – has acquired Cavendish Legal Group, the first of what it says will be “a number of acquisitions”.