Updates – Page 7
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NewsLand registry update
The Law Society has responded to the government’s consultation on the introduction of a Land Registry service delivery company, warning that the proposals could undermine the integrity of the register.
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NewsNew mortgage rules came into force on 26 April
Homebuyers will face tougher checks before being granted a mortgage, under the changes that came into force on 26 April, folloeing the FCA’s mortgage market review
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FeatureSafe as houses
Conveyancing has traditionally been considered a high-risk area for complaints and insurance claims from both clients and lenders. Steve Ray explains how conveyancing firms can allay these concerns for the insurers and get the best out of this year’s renewal process
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News
New capital allowances practice note
From 1 April 2014 for corporation tax payers and 6 April for income tax payers, capital allowances, which allow for tax relief for fixtures in property, must be identified and documented at the point at which commercial properties are bought or sold, or they will be lost forever. ...
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AnalysisCourt of Appeal holds law firm accountable for lender's loss
Peter Reekie outlines the findings in the recent case around potential breach of negligence where a law firm is caught out by a fraudster
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OpinionRisky business
With the sobering news in January that 136 firms have folded, having failed to obtain professional indemnity insurance, Peter Rodd explains how firms could better manage risk to avoid becoming another statistic.
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FeatureA run for your money
Solicitors’ involvement in property fraud may be very small, but they remain an attractive target for fraudsters, with potentially dire consequences for both them and their firms. Grania Langdon-Down looks at what solicitors can do to protect themselves
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FeatureMoney from home
Alison Clair looks at property fraud, particularly where the property is retained, how mortgage lenders are combating it, and how solicitors and mortgage lenders can work together to stamp it out
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FeatureReality check
The media and the Solicitors Regulation Authority website both told the same story in 2012: bogus law firms, created by criminals and often based on real firms to create legitimacy, are on the rise. So how can you avoid your firm becoming a victim? Chris Harris explains
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FeatureProperty in Practice September 2012
This edition features lenders, tenants’ guarantees, the CQS, negligence in property practice, new builds, leasehold enfranchisement, rights of way, equity release and mortgage fraud
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FeatureProperty in Practice March 2012
This edition features the Conveyancing Quality Scheme, regulation, commercial lease renewals, planning and the Localism Act, change of use, AML, capital allowances, service charge disputes, enforcement and flood risk