Tag: Conveyancing
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Insurance Season Boosts Conveyancing Risk Management
Legal software house Lexsure have announced that in the three months leading up to 1st October over 120 firms (CQS and non CQS) upgraded their risk processes by signing up to Lexsure’s conveyancing risk management products. I put the growth down to the recent groundbreaking announcement by AmTrust Europe Ltd whereby the ‘A’ rated insurance…
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Howden Windsor and Lexsure help firms save thousands on PII
Howden Windsor, the specialist Professional Indemnity Insurance (PII) division of Howden Insurance Brokers Limited, has announced an exclusive arrangement with software provider Lexsure which could see law firms save thousands of pounds on their annual premium. Howden Windsor clients who are insured by A-rated insurer AmTrust Europe can save money on their Professional Indemnity Insurance (PII) premium each…
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The Problem with ‘Buffet’ Style Conveyancing
On my recent travels I stayed at a budget hotel (visiting firms across the country costs an arm and leg, you know!). I sat down for breakfast and, without wishing to sound like a snob, I was a bit disappointed with the sparse buffet. I soon berated myself as it dawned on me that the…
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A few conveyancing questions for you :
* Arm’s length Transactions. When is it permissible to act for both parties? Do you understand the rules? * Are you familiar with the types of instruction that may be acceptable from a lender, in compliance with R.3? * Guidance on Conflicts and Confidentiality * Identification issues: what is acceptable to the Lender? How are…
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Cutting out the bad apples
On the 20th October 2010 Michael Coogan Director of the CML advised at the Property in Practice Conference “…. we do not yet know if CQS will meet our expectations for monitoring, supervision and auditing or that it will have an annual budget to ensure it is robust. And robust is not just record-keeping firm…
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What do regulators mean by “ Risk based approach “ to regulation ?
The 2010 business plan for the Council for Licensed Conveyancers reveals that the CLC will be moving closer towards implementing an outcomes and risk based approach to regulation. They further confirm that this has been on their radar since 2008. The CLC have blamed the slow progress in this area due to limited resources but…
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Is it time for the conveyancing industry to be unionised ?
How much longer can conveyancing solicitors accept being at the bottom of the legal food chain, with all the responsibility and risk involved. Conveyancers would be forgiven for having a persecution complex having recently come under attack from insurers and lenders. Add to the mix the threat of “ “Tesco Law”. Whilst there has not…
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Leeding the way in making conveyancing tougher
Have any conveyancers noticed the change in conveyancing requirements for Leeds Building Society ? Having received a notification from LENDERmonitor as to a change I thought I would share it with you as yet a further example of how lenders make conveyancing increasingly difficult and complex. Leeds have made two changes. The first relates to…
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Conveyancing solicitors urged to sign up to web portal
The Land Registry Direct system will be ending on 31 March 2010. The technology platform on which it is rests will cease to be supported, meaning that conveyancing services in Land Registry Direct cannot be developed further. The new home for the Land Registry business e-services is the Land Registry Portal, which uses the most…
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Mortgage Fraud Booming Like Never Before
BDO, has come up with some frightening figures on mortgage fraud, against a backdrop of soaring UK losses to fraud in 2009 (over £2 billion) across all sectors. It predicts worse to come. In 2009, mortgage fraud accounted for 18% of all reported fraud and 27% of fraud in the UK finance and insurance sector.…