Tag: Lexsure
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Top 5 Conveyancing Webinars in 2017
So what were the hot conveyancing topics in 2017? Fraud, Leasehold Changes, Lender Compliance and The fourth Anti Money Laundering Directive were all front of mind at various points of the year. The Lexsure Academy hosted on 26 webinars in 2017, many of which were sponsored by Searches UK, covering a range of topics. The…
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'All Monies Charges': A Threat to Law Firms
The recent news that the majority of the top ten lenders have declared they will use ‘all monies charges’ to repossess homes if borrowers struggle with non-mortgage debts should be cause for concern to conveyancing practitioners. File Reviews for Handbook Compliance More repossessions equals increased file reviews and inevitably the spotlight being placed on the…
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Leasehold is Changing – Is this Reflected in your Report on Title?
Leasehold reform is on the way. Many lenders have already been proactive in making changes for some months now to their P2 Handbook requirements. Is it now time to be making changes to your Report on Title in light of new lender instructions and in anticipation of legislative reform? On the 25th and 26th September…
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Is Your Firm Updating Their Pre-Completion Checklist ?
Technology, lender compliance and fraud prevention within the context of a pre-competition checklist are some of the main focus points at the next Webinar by Lexsure on 24th and 25th July. Almost all firms have a pre-completion checklist that they use, either on the side of the file or a paper checklist. But how…
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Ransomware: Lessons for Conveyancers
The recent cyber attack on the NHS is a stark warning to a conveyancing industry targeted and vulnerable to cyber crime. Imagine the scenario..It’s 7 p.m. on a Friday. You are about to finish a report on title due the next day when a message pops up on your laptop. It informs you that a…
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Conveyancers – What would you do with an extra day a month?
Most conveyancing lawyers I consult with complain that they don’t have enough time, but what would you do if you had an “extra day” a month? Would you do all those things you said you’d do; enjoy a day at a spa, actually take a lunch break, arrange time with family or friends or simply…
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Does a Friday Fraud start with a Spoof Sale Memorandum ?
Conveyancing fraud is on the rise and the consequences for victims are devastating and often life-changing. It is a major concern for law firms and PI Insurers alike. New figures show that the rewards for the gangs are potentially huge, with each successful scam worth on average more than £112,000. It is believed that…
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Leeds Follow Other Lenders Giving Short Leases a Wider Berth
Conveyancers need to take special note of the recent trend in lenders increasing their minimum unexpired lease terms via amendments to section 5.14.1 of Part 2 of the CML Handbook. If I was still in practice I would definitely be referencing this trend in the report on title sent to clients purchasing leasehold flats with…
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IS Conveyancing Too Slow? and Why?
A report by Situ reveals frustrations in the property market due to slow conveyancing solicitors amidst rising buyer demand and understaffed legal departments. Key bottlenecks include issues with lenders’ approved panels, causing delays in over 10% of transactions. Early verification of panel status is essential to avert inefficiencies and ensure smoother processes.