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A housing market that ground to a complete halt last year is suddenly white hot, as pent-up demand meets a controversial tax holiday. Conveyancers are working flat out to cope, but a process that dates back to the 19th century remains in need of urgent reform.
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(pictured), chief executive of SmartSearch. Dobson believes that this provides an opportunity to modernise customer onboarding, with the intention to improve due diligence processes and help reduce money laundering activity. Dobson said: “The launch of this new task force for the conveyancing sector is a really positive move, particularly as one of their aims is to formulate and agree due diligence procedures. “Top of the list of priorities for the task force should be stemming the tide of money laundering and financial fraud that has swept through the property market since the outbreak ...
A number of leading organisations in the conveyancing industry have agreed to work together as The Conveyancing Task Force. The task force will discuss reforming and the enhancement of the conveyancing process for the benefit of consumers and lawyers alike. The Conveyancing Task Force comprises of The Law Society, The Society of Licensed Conveyancers, The Conveyancing Association, CILEx and the Bold Legal Group. All members of the group have recently released three documents to their members relating to the current circumstances of the COVID-19 pandemic and the impending expiry of the SDLT ho...
By Monidipa Fouzder2021-02-22T15:02:00+00:00 The Law Society and other conveyancing bodies have put informal collaborations on a more formal footing with a new taskforce that will agree and lead changes to the homebuying and selling process. The ‘Conveyancing Task Force’, which has been two years in the making and has formal terms of reference, comprises Chancery Lane, Society of Licensed Conveyancers, Conveyancing Association, CILEx and Bold Legal Group. Society president David Greene said taskforce members have been working informally together for some time on areas of shared interest...