Category: CQS Policy Templates
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Source of Wealth Declaration Forms – Not Yet the Conveyancing Norm
A report prepared by the Lexsure’s Independent AML Audit team last week revealed that only one in 20 firms audited by Lexsure in 2022 had any Source of Wealth Declaration Forms completed on their conveyancing files. Of the firms that did have such forms, they were correctly advising clients that all supporting documents attached to…
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CQS Purchase of a Leasehold Policy
I have been asked on a few occasions recently ‘What should be included in a CQS Purchase of a Leasehold Policy‘. The leasehold landscape is rapidly changing, so your firm’s policy should be frequently under review. During a recent CQS mock audit I noted a particularity thorough policy where the table of content included: Financial implications…
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CoT Submissions for LBG (Scotland)
Following last week’s Budget announcements the temporary Stamp Duty waiver for properties will be extended to the End of June for properties in England/Wales and Northern Ireland. The existing waiver for Scotland will cease at the end of March. LBG still anticipate a large increase in queries and completion related activity for the March month…
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The Pandemic Induced Panel Cull
Research by a peer to peer lending platform Sourced Capital has found that the UK property market could see a double-digit rate of property value decline, with the market taking over five years to recover, while the number of property repossessions could also soar as a result of a COVID-19 induced recession. It is too…
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Nationwide Update – Release of Funds
Possibly due to the increasing trend of exchanging and completing simultaneously, Nationwide Building Society have issue the following update to lawyers concerning fund requests: Help us to continue to help you & our members… Due to unprecedented volumes, we are implementing an earlier cut-off for same-day funds requests. From 25/06/20 up to and including 01/07/2020,…
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A Moment to Feel Like an Artist
In being a software architect designing products for lawyers I can’t be certain that all the effort poured into a creation will be appreciated. The same is surely true or a painter or song writer. Do they ‘know’ for sure what will be successful? As a creative person it’s easy to get disheartened about the lack of applause and…
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Lexsure Tech goes from Luxury to Necessity
Since 2008 Lexsure’s software solutions have been adopted by over one thousand firms to assist in managing conveyancing risk and automating key documents such as Reports on Title. That being said, until recently, Lexsure products have been perceived as a ‘great to have’ rather than a ‘must have’. Now more than ever, Lexsure’s portfolio of…
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No Lender Lockdown When it Comes to Handbook Changes
In the last three months Lexsure has witnessed significant activity by lenders changing their Handbook requirements. Whilst firms currently encounter a slowdown in activity from buyers and sellers there is no hold-up in lenders revising their instructions to law firms. Here are some of the facts and figures: Lender Sections Changed Separate Events Barclays Bank…
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Searchpoint Integrates Report on Title Software
Lexsure have announced that their Report on Title platform, e-ROT, is now integrated with search provider Seachpoint, enabling conveyancing teams to forgo manually setting up cases on the e-ROT platform. Instead, as a firm orders their search bundle the case will automatically be created pre-populated with data from Searchpoint. With the Searchpoint integration, firms…
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Lexsure Launches Webinar Series on Reports on Title
Legal software house Lexsure has announced that it will host a three-part webinar series for property lawyers, focusing on Reports on Title. The series will run from July 2nd through July 8th, and is intended to provide valuable lessons on different aspects of the reporting process. The first webinar ‘Reports on Title: There Must be…