Property

A law firm that failed to conduct proper anti-money laundering checks while acting for a politically exposed person has been fined £25,000.

The extent of the Law Society’s misjudgement in last year’s launch of the updated TA6 property information form has been laid out by research it commissioned.

Conveyancers have been warned over efforts to amend agreed conditions of sale to take into account the possibility of not completing before SDLT changes.

A major City law firm can continue bringing a case it took on assignment from former clients which could mitigate a possible professional negligence claim.

Artificial intelligence will not mark the end of the traditional conveyancer and will instead put them back into their old trusted advisor role, a roundtable has heard.

Lloyd Davies, the high-profile licensed conveyancer who has been permanently disqualified, is now in the process of transferring his shares in his firm, it has confirmed.

A high-profile licensed conveyancer has been thrown out of the profession for not telling 300 apprentices and students that his training academy had lost its official accreditation.

HM Land Registry is to up efforts to reduce the number of requisitions it has to send to conveyancers by automatically checking for “simple errors” in applications.

The High Court has rejected the argument that its decision to order recission of a £32.5m house sale because of the presence of clothes moths will cause conveyancers problems.

A senior civil servant has taken over as chair of the Digital Property Market Steering Group amid the positive response to the announcement of plans to digitise the home-buying process.