CQS
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CQS Mortgage And Property Fraud Prevention Policy November ' 2023 Update
Lexsure’s November CQS Core Practice Management monthly update included suggested changes to a firm’s Mortgage And Property Fraud Prevention Policy One of the drafted paragraphs relates to Unencumbered Property. This imported addition or new section emphasises the need to pay careful attention to transactions where the property is unencumbered. Firms may wish to adapt their onboarding or…
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The Pandemic Induced Panel Cull
Research indicates the UK property market may face a significant value decline and increased repossessions due to a COVID-19 recession. Conveyancing firms could suffer, facing scrutiny from lenders focused on offsetting losses. Proactive lender compliance audits are suggested as a means to mitigate risks and ensure firm resilience in challenging times.