Tag: COMPLETIONmonitor
-
Managing Conveyancing Risk? Embracing Change.
Most of my meetings with conveyancing partners or compliance officers centers on one big, game-changing question: “What is the one thing that we can do to make a real difference to avoid a claim?” They are quick to acknowledge that there is room for risk mitigation and recognise that it is an almost-impossible task to…
-
Defending a bad valuation: Reading between the lines of the surveyors £100k victory
It seems like conveyancing solicitors have become the punching bag for industry errors. While the £100,000 sum ordered to be paid in a recent court decision against Goldsmith Williams made the headlines, two points caught my eye. The surveyors’ case is that the law firm failed, in breach of the terms of its contract with…
-
When it Comes to New Build Conveyancing ; Halifax Dominate
Data from COMPLETIONmonitor reveals that Halifax lead new home mortgages. On the whole, lenders are still shying away from newbuild lending although, Santander, Nationwide BS, NatWest and Barclays (Woolwich) are still active in this area. Brokers have been expressing concern for some time now that lenders still have a dual criteria for lending on a…
-
Uninusured Conveyancing Firms About to be Named
Legal Futures has this morning reported that the Solicitors Regulation Authority are about publish a list of those law firms which were to have closed on 29 December because they failed to secure professional indemnity insurance. With approximately 100 firms to be closed it is reasonable to assume that many firms conducted conveyancing. The SRA…
-
Conveycentric on Notice of Imminent CML Handbook Changes
Conveycentric has been notified by the Council of Mortgage Lenders that they intend to publish important amendments to the CML Lender’s Handbook for England and Wales on July 8, 2013. Members and relevant stakeholders consulted on the changes for the new Part 1 question added as 5.20.4, which were made necessary by the Green Deal.…
-
Breach of trust claims against conveyancing solicitors : A moving target
In 2013 conveyancers are likely to witness the continuing trend for lenders to embrace breach of trust arguments rather than traditional negligence claims against conveyancing lawyers. Call me a ‘conspiracy theorist’ but I suspect that this approach has something to do with lenders’ fear of their previous risky lending practices coming back to the haunt…