Property

The Law Society has abandoned plans to make use of the controversial new TA6 form compulsory for members of its Conveyancing Quality Scheme from Monday week.

A leading digital conveyancing company has promised to offer law firm clients the option of using the new or old TA forms for as long as possible as the controversy over them rumbles on.

The Law Society has expressed its disappointment at the prospect of a special general meeting, after the required 100 signatures were gathered in less than 24 hours.

Pressure is growing on the Law Society over the TA6 and TA7 conveyancing forms, with a property lawyers group set to bring a motion of no confidence in its leadership.

The Law Society has admitted that it should have consulted with its members during the process of redrafting conveyancing forms TA6 and TA7.

A law firm in Nottingham that failed to perform undertakings it gave on two property transactions – allowing another party to register a charge on one of them – has been fined £12,400.

Conveyancing ‘factories’ are property specialists and invest in technology to give consumers the service they want, the director of delivery at the Conveyancing Association has said.

Upfront information on properties for home buyers must be mandated to “revolutionise” the process, the chair of the Home Buying and Selling Group has told MPs.

CILEX, the Chartered Institute of Legal Executives, has called for legislation to reform the home-buying and selling process instead of relying on voluntary initiatives.

The founder of an online employment law firm which specialises in settlement agreements has said he is planning to launch two similar ABSs – one for no-fault divorce and the other for conveyancing.

A licensed conveyancer who lied to a client and fabricated a letter to him, lied to her law firm about it and then lied again to her regulator has been disqualified for 10 years.

The Law Society’s failure to consult solicitors on key changes to conveyancing practice, most recently the revised TA6 form, risks a “revolt” by members, it has been warned.

Conveyancing fees are down by over a fifth in real terms from the peaks seen during the stamp duty holiday as the market has cooled, according to new research.

The three biggest mortgage lenders in the UK – Lloyds, Nationwide and NatWest – and property website Rightmove, have invested £10m in the digital property transaction business Coadjute.

MPs are to probe whether consumers have the information they need to choose a conveyancer as well as the role of referral fees, it was announced yesterday.