Top 10 tips for purchasing the right conveyancing software
As a conveyancer you’re probably receiving a large number of emails from legal tech suppliers promising to make your life easier, keep you compliant and mitigate your firm’s risk. New products are arriving on the market at breakneck speed and the choices can be overwhelming. It might be beneficial to take a breath and think […]
10 Tips to Prepare Your Clients for Remote ID Checks and Speed up Onboarding
Are you doing enough to prepare your clients for their digital identity checks? As a professional services firm, you may have moved to carrying out your KYC and AML checks remotely, which is saving you time and reducing risk. However, in our experience, the firms that prepare their clients by letting them know what to […]
How conveyancers can reduce the risk of mortgage fraud
According to Action Fraud, there are a number of ways in which mortgage fraud can occur and conveyancers, who act for both the purchaser and mortgage lender, have a duty to carry out KYC and AML checks that reduce risk and help them stay compliant. Some of the most common methods of fraud are listed […]
Tomorrow’s Conveyancers: Adapting to the New Digital Trends
The UK conveyancing industry is evolving rapidly due to advancements in technology, shifts in client expectations, and changes in work practices. Future conveyancers will operate in a landscape vastly different from today, requiring new approaches in recruitment, processes, leadership, technology, and customer service. This article explores the key trends likely to shape the future of […]
Could Using the Right Regulatory Technology Improve Your PII Costs?
Could Using the Right Regulatory Technology Improve Your PII Costs? Professional Indemnity Insurance (PII) is a crucial safeguard for legal professionals, protecting them against claims of negligence or errors in their services. For conveyancers, PII is essential as it covers legal costs and any damages awarded, ensuring their financial stability in the face of potential […]
Upfront Information Requirements in UK Conveyancing: How Tech Solutions Can Help
The conveyancing landscape in the UK is undergoing significant changes with the introduction of new upfront information (UFI) requirements. These changes aim to make property transactions more transparent, efficient, and less prone to delays. For conveyancers, adapting to these new requirements could be crucial. Leveraging technology can not only help meet these requirements but also […]
Navigating AML Compliance: Latest Insights for UK Conveyancers
In the ever-evolving landscape of legal requirements, Anti-Money Laundering (AML) compliance stands as a cornerstone for safeguarding against financial crimes. For UK conveyancers, staying abreast of the latest findings and regulations is not just a matter of compliance but also a vital aspect of maintaining trust and integrity within the legal profession. Understanding the Importance […]
Are face to face Know Your Customer (KYC) checks becoming a thing of the past?
Before work can be started on any legal or high-risk financial matter, professional services firms need to complete Know Your Customer (KYC) checks and they need to complete them quickly. The identity of a client must be established in order to comply with Government regulations and to help avoid the risk of fraud. Lawyers, bankers, […]
Revolutionising Conveyancing: How Technology is Reshaping Fees in the UK
In the dynamic landscape of the UK property market, conveyancers play a pivotal role in facilitating smooth transactions between buyers and sellers. However, the traditional methods of conveyancing often result in hefty fees as perceived by clients, leaving them searching for more cost-effective solutions which may not provide such a quality service. Enter technology, the […]
Leasehold Reforms: Preparing for new changes in 2024
Leasehold reform expected this year should reap benefits for a sizeable number of householders. According to Government statistics there are approximately 4.98 million leasehold dwellings in England, the majority of which are in London and the North-East. Although this number in most part is made up of flats or apartments (70%), it does include a smaller percentage […]
