Technology plays an increasingly important part of the home buying and selling process. The majority of home buyers now use online property portals to find properties and most are using similar technology to make the buying process more safe and efficient.
The updated conveyancing protocol from The Law Society took effect in August and highlight best practice in residential conveyancing
Conveyancing and property market report focuses on the changing market place, government involvement, technological change and evolving skills requirements
From October 1st, solicitors will be able to apply for probate online, currently only 28 firms use this service which has been struggling with delays.
Requests for information from HM Land Registry to the top 500 conveyancing firms have increased in 2019 to almost 15% of all applications.
The Solicitors Regulations Authority following a review of 59 practices providing trust and company services, has found that a number of law firms are not doing enough to prevent money laundering.
The number of conveyancing firms in England and Wales has dropped below 4,000, with the top 1,000 conveyancers controlling more than 3/4 of the market.
HM Land Registry announced that high street lenders and many conveyancers are adopting the digital mortgages service ‘Sign Your Mortgage Deed’
The government, after consultation, is likely to ask sellers to provide more information about their property before it goes to market in a bid to speed up the buying process and make the process more transparent through a property Logbook.
Updated CQS Core Practice Management Standards (CPMS) have come into force from 1st May 2019 to which all accredited Conveyancing Quality Scheme (CQS) firms must adhere to.