Tag: Solicitors
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CQS Purchase of a Leasehold Policy Template
In 2019, the Solicitor’s Regulation Authority identified shortcomings in conveyancing firms regarding client information on property ownership. A review revealed that 23% of firms could not differentiate between freehold and leasehold titles. The CQS CPMS standard now requires accredited practices to maintain appropriate leasehold policies, yet many fail to comply effectively.
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Property loans fraud results in Solicitor being struck off
An Irish conveyancing solicitor who engaged in fraudulent practices to obtain loans on properties, leaving a financial institution with losses of €1.25 million loss, has been struck off by the High Court. According to IrishTimes.com, Mary Miley, formerly practising as Miley and Co Solicitors, Rathdrum, Wicklow, obtained money by pretending she was acting for a…
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London Conveyancing firm shut down over alleged dishonesty
The Times reports that the Solicitors Regulation Authority has closed Wolstenholmes, a law firm founded in 1818, due to suspicions of dishonesty with clients’ funds. Five solicitors are suspended, facing complaints about unreturned calls after taking deposits. One client revealed her distress after having £445,000 frozen, leaving her family in hardship.
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Purchase Conveyancing – The Danger Of Failing To Complete On Time
Years ago, a completion of a conveyancing transaction would take place in person with the buyer’s solicitor visiting the seller’s solicitor’s office to inspect all the documents before releasing the purchase monies. These days, however, provided the transaction is not complicated, completion takes place through the post. Occasionally, problems may arise on completion and completion…