First Direct Conveyancing Panel
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First Direct Part-Exchange Purchases: What Conveyancers Must Report
First Direct changed its developer incentive reporting requirements on 30 September 2026. For a purchase involving part-exchange of the buyer’s existing property, the financial incentive reporting threshold is now 3% of the purchase price. Where there is no part-exchange, the threshold remains 5%. The change appears in First Direct’s England and Wales Part 2 answer…
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CLC Firms Achieve Parity When it Comes to First Direct Panel
The Council for Licensed Conveyancers (CLC) announced that the First Direct conveyancing panel is accessible to Licensed Conveyancers like solicitor firms in CQS. Transaction limits vary by firm size, with sole practitioners up to £350,000 and four-partner firms up to £3 million, requiring separate legal representation for cases over that amount.