On this Conveyancing Matters chat, Lorraine and Stu discuss a sensitive topic for estate agents - sales progressors.
There are, of course, many excellent estate agents supporting conveyancers. But there are a lot of sales progressors who do not interact well with the conveyancer on a transaction and we would argue, in many cases, do not speed the progress of a matter.
Lorraine and Stu worked out that conveyancers probably spend on average 2 hours per day dealing with chaser calls and emails from estate agents - that is a whole working day per week when conveyancers are not doing conveyancing work. Is this a good use of conveyancers time?
Lorraine and Stu acknowledge that conveyancers should try to keep their agents up to date, where the client permits them to do so.
In this week's Conveyancing Matters chat, Stu and Lorraine continue to think about the fall out regarding the clumsy handling of the roll out of the 5th edition of the Property Information Form
This has led to confusion and discord amongst conveyancers
The Law Society has confirmed that the new form is not compulsory for CQS firms until next January, but the issue could have been avoided if conveyancers who are at the coal face doing the work had been consulted in the first place - how often do we find ourselves saying that?
Ask the people who are doing the job!
Stu was lucky enough to catch up with Mike Hall to find out what has happened in the last 2 years since we last discussed "The Vicar who lost his house".
Remember, this is just a chat and our opinions, not advice!
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https://www.conveyancing-matters.co.uk/
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In this Spring 2024 News Update Lorraine and Stu discuss some important issue s for conveyancers including changes to planning enforcement timeframes and BSA guidance.
But the hot topic is Material Information and the controversially updated Property Information Form – are you using it yet? They would love to hear your views!
They also chat about the next Conveyancing Matters Live event happening in Essex on 12th June. Stu and Lorraine hope to see you there!
Remember, this is just a chat and our opinions, not advice!
www.conveyancing-matters.co.uk
In this Conveyancing Matters chat, Stu and Lorraine chat to Tayo Oguntonade, presenter of The Great House Giveaway on Channel 4.
Tayo is a TV presenter, property expert, qualified mortgage broker, content creator & also a co-founder of digital property platform BrickzWithTipz.
Tayo is both interesting and engaging and was prepared to share his insights on a wide range of topics including acquiring investment property, buying holiday lets and his surprising views on prop tech!
Interestingly Tayo talks about the importance of content creation and how clients, investors and even lawyers can learn from innovators on social media.
In this Conveyancing Matters chat, Lorraine and Stu are delighted to welcome back Mike Day of Integra Property Services
Mike is an industry veteran who offers, amongst other things, consultancy and compliance training to the property industry
They discuss the hot topic of the moment for both conveyancers and estate agents – Material Information
It is fair to say that the market may not be ready for the changes that the Material Information requirements will bring and Mike, Lorraine and Stu discuss the pitfalls and some of the opportunities that it may present
Conveyancing Matters Looks Ahead to National Conveyancing Week 2024
In this Conveyancing Matters Lorraine and Stu chat with Rob Hailstone looking forward to the National Conveyancing Week.
Why it has come about, who it is for, and more importantly how everyone can get involved.
Spoiler Alert - Its FREE to attend.
In this Conveyancing Matters Newsflash, Lorraine flies solo and talks about one of the most significant things for conveyancers for a while - the long awaited Law Society guidance on the Building Safety Act.
She mentions a lot of other topics of relevance to conveyancers including: HMLR updates, leasehold reform and the spectre of 99% mortgages.
There is also still time to get tickets to the next Conveyancing Matters Live event in Birmingham on 28 February!
In this Conveyancing Matters chat the tables are turned!
Lorraine and Stu are interviewed by American Mortgage Broker, Scott Hastings, about the conveyancing process in England and Wales.
Scott is a Licensed Mortgage Loan Originator, at Mortgages by Scott, in North Carolina.
https://mortgagesbyscott.com/
He talks to us about a recent US legal case which could have wide ranging implications for the Estate Agency market over there, and we answer his questions about the conveyancing process over here.
We hope that this is an informative chat for everyone interested in the conveyancing process, including Conveyancers, Estate Agents, Home Buyers and Sellers, Mortgage Brokers and Students taking conveyancing exams.
Remember, this is just a chat and our opinions, not advice!
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In their last Conveyancing Matters chat of 2023, Stu and Lorraine review the year and talk about the big issues that have affected conveyancers including the joys of the Building Safety Act and HMLR processing times to name but two. They chat about the fantastic guests who have been kind enough to appear on the show and look ahead to some of the challenges that conveyancers will face in 2024.
2023 has also been a great year for Conveyancing Matters - the live events have gone from strength to strength and the subscription service has been launched.
Stu and Lorraine would like to thank those who have supported Conveyancing Matters in 2023 and wish all of their viewers and subscribers a great festive season and they look forward to seeing you all early in the new year.
Stu and Lorraine are delighted to welcome property supremo, PR guru and TV regular, Russell Quirk
Lorraine, Stu and Russ cover a wide range of interesting and topical property issues including how wrong the doom mongers were with 2023 property predictions, the on going cladding pain for leaseholders and the big challenge of 2024 - Material Information
And... you won't believe it, but Russ may even confess to considering dipping his toe in the conveyancing pool! You'll have to listen to believe it!
Lorraine and Stu are delighted to welcome the conveyancing silver fox himself, Rob Hailstone, back to Conveyancing Matters for a wide ranging chat (and an excellent Christmas jumper!)
They talk about the recent podcast that Rob has done with HMLR Deputy Chief Executive, Mike Harlow. Unsurprisingly, HMLR registration delays feature heavily
They also talk about the big challenge of 2024 for both conveyancers and agents - Material Information and Rob gives a taster for the 2024 Bold Legal Conference and National Conveyancing Week
What is your view on Material Information - to be embraced or a step too far?
In this November 2023 News Update Lorraine and Stuart discuss the main news stories of the previous month, including the recent cyber incident, risk assessments and AML.
Remember, this is just a chat and our opinions, not advice!
Some conveyancers have been affected by another cyber attack and the problems rumble on into a second week
Everyone, rightly, should have sympathy for the affected clients and coal face conveyancers - but has the 'be kind' message gone too far?
Has everyone lost sight of the contract?
In this Conveyancing Matters chat, Lorraine and Stu discuss the importance of not losing sight of the fact that there is a binding contract between the seller and the buyer with legal consequences if one party fails to complete; whatever the reason for that failure
And what should a conveyancer do if the firm on the other side cannot give an undertaking to redeem a mortgage on their client's sale?
Remember, this is just a chat and our opinions, not advice!
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In this Conveyancing Matters we were thrilled to be able to speak with the one and only Rob Moore, Property Expert and Entrepreneur amongst many other things.
He discusses his opinion on the market at the moment, as well as advice to others who may be looking to invest in property or who may have already taken their first steps.
In this October 2023 Conveyancing Matters News, Lorraine and Stu discuss a number of interesting developments including more guidance on the Building Safety Act, the government's proposed changes to leasehold and the Transparency Rules.
They also talk about the Law Society's proposed new code for exchanging contracts
Have you had difficulties exchanging? Do you think we need a new code?
Conveyancing Matters welcomes Darren Parfitt from Prosperity Insurance for an in depth chat about Indemnity Insurance .
Conveyancers use Indemnity Insurance on a day to days basis, but do we know all we need to know about it? Is it the answer to all potential problems, and how should we advise the clients on this?
Do you know all the conditions of any policies that you take out or recommend?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
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In this Conveyancing Matters chat, Stu and Lorraine are joined by Simon Lumb from the National Deeds Depository
This is a company which offers property logbooks - a sustainable, digital record of data information relevant to a particular property
Simon chats about the challenges of how property logbooks are made sustainable - the central point is that the data must be accessible and possible to update for future transactions relating to the property
What is interesting about Simon and his approach is that he has recognised the importance of brining together various organisations that offer property logbooks - and some of them have come together to form the Residential Logbook Association. Together RLBA have a louder voice and a seat at the government table. Watch this space for interesting progression in this area!
In the September 2023 News edition of Conveyancing Matters, Lorraine and Stu discuss a number of interesting issues including the Building Safety Act (again!), a U turn of EPCs and property logbooks.
There is a small but significant change to HMLR Practice Guide 19 and an interesting Supreme Court case on push payment fraud.
And Stu and Lorraine remind conveyancers that the next Conveyancing Matters Live is on 8 November 2023 in London - they would love to see you there!
Get in touch if there is anything that you think they should be discussing!
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
In this Conveyancing Matters chat, Lorraine and Stu are joined by landlord's friend and TV personality, Paul Shamplina
Paul is a very interesting speaker - he is the founder of Landlord Action and has now branched out into TV work. He talks to Lorraine and Stu about the state of the buy to let market at the moment - are we in a perfect storm for private landlords?
Paul has a lot of interesting points to make for conveyancers and those interested more widely in the property market. He gives his view on the Renters Reform Bill and what conveyancers need to consider on buy to let purchases.
In this August 2023 Conveyancing Matters news chat, Lorraine and Stu cover some interesting topics including yet more Building Safety Act 2022 changes and some eye opening conduct cases.
HMLR processing times are literally hitting the headlines - Lorraine and Stu discuss the impact of this on conveyancers and their clients. They also find that they have more to say than they thought on AML risks and issues of concern!
Lorraine may also have got the Conveyancing Matters website wrong! So if you want to subscribe go to: https://www.conveyancing-matters.co.uk/
Lorraine flies solo in this July 2023 Conveyancing Matters news edition!
She talks about some shared ownership issues and mentions Bold Legal’s government response to Buildings Safety Act questions.
Obviously a month cannot go by without other BSA changes and upheaval and there are also some possible planning changes which, if introduced, will be of importance to conveyancers
Are you finding leasehold easier now that the lenders have clarified their part 1 requirements in 5.14.17? (Spoiler – we doubt it! 😊 )
Stu and Lorraine are delighted to welcome Russell Quirk back to Conveyancing Matters!
Russell is now known for his TV career but continues to be a controversial property commentator who has often had some pretty scathing things to say about conveyancers in the past
However, in this Conveyancing Matters chat, Russell talks about a subject close to his heart on which he is campaigning and lobbying heavily – that of the plight of the leaseholders trapped in an unsafe building at the Mill Apartments Ipswich
Russell explains whey he was on TV recently filmed in Bury St Edmunds lobbying and how the leaseholders remain in a cladded building with problems that have been festering for 13 years
Stu, Lorraine and Russell also talk about the troubles facing conveyancers created by the Building Safety Act and the ever increasing lender requirements
Russell even has positive things to say about conveyancers – as he said (and here is the headline) – Quirk sticks up for conveyancers and suggests they should put up their fees!
Note: this was recorded before the recent Lender changes to part 1 clause 5.14.17 of the UK Finance Mortgage Lender’s Handbook
Stu and Lorraine are delighted to welcome Russell Quirk back to Conveyancing Matters!
Russell is now known for his TV career but continues to be a controversial property commentator who has often had some pretty scathing things to say about conveyancers in the past
However, in this Conveyancing Matters chat, Russell talks about a subject close to his heart on which he is campaigning and lobbying heavily – that of the plight of the leaseholders trapped in an unsafe building at the Mill Apartments Ipswich
Russell explains whey he was on TV recently filmed in Bury St Edmunds lobbying and how the leaseholders remain in a cladded building with problems that have been festering for 13 years
Stu, Lorraine and Russell also talk about the troubles facing conveyancers created by the Building Safety Act and the ever increasing lender requirements
Russell even has positive things to say about conveyancers – as he said (and here is the headline) – Quirk sticks up for conveyancers and suggests they should put up their fees!
Note: this was recorded before the recent Lender changes to part 1 clause 5.14.17 of the UK Finance Mortgage Lender’s Handbook
In this Conveyancing Matters chat, Stu talks to Tej Singh, the well known property investor and podcaster.
Tej talks about his progression from a biochemistry degree, via marketing and recruitment to his influential podcast, Tej Talks!
Tej stresses the importance of grabbing opportunities and chats to Stu about the property market. Tej makes interesting points about how the conveyancing process needs to fully embrace tech and his perception of some conveyancers! Do conveyancing clients really understand what their property lawyer does?
We hope that you enjoy it!
Lorraine and Stu are delighted to welcome back Noel Hunter for a very timely chat about how buyers of new build properties are protected by the Consumer Code for Homebuilders
Lorraine had a wide ranging and interesting chat with Noel covering what Noel correctly describes as the 'cauldron of issues' facing buyers, developers and conveyancers in the current market
Last year, we thought that the Consumer Code for Homebuilders might be winding down and transferring responsibilities to the New Homes Quality Board - but 12 months on, nothing could be further from reality! Noel tells us about the recent review of the Consumer Code for Homebuilders and what changes will be made to the Code to strengthen consumer protection and clarity in the new build homes industry.
After a couple of months away, Lorraine and Stu are back with the Spring 2023 Conveyancing Matters News chat
They cover a host of topics including:
Building Safety Act - of course! The most difficult issue that conveyancers have had to deal with for years remains a hot news topic
Climate risk - the Law Society has issued guidance for solicitors
Other guidance has been issued on source of funds and wealth, HMLR continues to update its Practice Guides and reform of the private rental sector may also be on the cards!
Join Lorraine and Stu for an informative news chat!
If you want more detail on hot topics such as the Building Safety Act 2022 and climate risk, then subscribe to Conveyancing Matters! Lorraine and Stu offer a new CPD webinar every month on many of the hot topics facing conveyancers. A yearly individual subscription is just £40 and a yearly firm subscription is just £150
In their latest Conveyancing Matters chat, Lorraine and Stu discuss the hot topic of the recent re-introduction of 100% mortgages
They are both old enough to remember the problems that these mortgages caused last time round - will history repeat itself?
They discuss the risks for clients and their conveyancing advisers
As ever, Lorraine and Stu welcome your comments - are 100% mortgages a good idea in an uncertain market?
Remember, this is just a chat and our opinions, not advice!
Last time we spoke with Chartered Legal Exec, Ewan Treadgold, he was deciding whether to qualify as a solicitor via the LPC or SQE.
We are delighted to welcome him back now that he has decided to embark on the SQE. We talk to him about what mode of study he chose and why.
Ewan is also very honest about the challenges of combining stressful study with home life and a full caseload in Legal Practice.
We hope that future SQE students find our chat helpful.
In this conveyancing matters chat Stu and Lorraine chat about what homeowners can do to protect themselves from the risk of property fraud.
Are you a homeowner?
Working away from your property?
Investor?
Buy to Let Landlord?
If so you should be concerned about property fraud!
https://propertyinvestorpost.com/tenant-jailed-for-selling-landlords-property-for-400000/
https://www.pcslegal.co.uk
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In their regular news roundup, Lorraine and Stu talk about some of the news stories that have caught their eye.
Register of Oversea Entities, Changes to the Legal Ombudsman Scheme Rules and a discussion about interest rate rises and the state of the property market.
Is there anything else that you think we should have mentioned?
Remember, this is just a chat and our opinions, not advice!
https://www.pcslegal.co.uk
https://www.adaptlaw.co.uk
In this, part of our series Conveyancing Around the World, we are delighted to welcome Roberto Barbalich to Conveyancing Matters. We had a chat to him about the conveyancing process in Italy.
In their regular news roundup, Lorraine and Stu talk about some of the news stories that have caught their eye.
Stamp Duty, Mortgage Offers, Cryptocurrency Transactions, SRA Website Checks, the Land Registry Plan and more.
Is there anything else that you think we should have mentioned?
Remember, this is just a chat and our opinions, not advice!
https://www.pcslegal.co.uk
https://www.adaptlaw.co.uk
In this Conveyancing Matters Chat Lorraine and Stu suggest hints and tips to help conveyancers deal with the unprecedented withdrawal of mortgage offers that we are seeing in the conveyancing market at the moment.
In this chat Stu' and Lorraine discuss how the number of variations of job titles in the conveyancing industry seem to have boomed over recent years.
Would someone outside your office understand what your job title means you do from the title alone?
Is it all getting more complicated than it needs to be? What do you think?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
In this Conveyancing Matters chat, Lorraine and Stu discuss a topic that often pops up on social media - should staff be allowed to bring pet dogs into the office?
It is a subject that will divide opinion and you will see that they have been joined by a little friend to add to the debate!
Dogs in the office - what do you think?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
https://www.pcslegal.co.uk
https://www.adaptlaw.co.uk
In their regular news roundup, Lorraine and Stu talk about some of the news stories that have caught their eye.
First up, they talk about the status of the mortgage affordability test, and help to buy loans.
There has been an announcement by the Legal Ombudsman about some changes they are making to the way they handle complaints, and The Land Registry has been making some changes to some of their forms recently.
Is there anything else that you think we should have mentioned?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk
http://www.adaptlaw.co.uk
In this chat we travel back down to South Africa for the second part of our chat with Chris Fick!
We enlighten you as to how long the process takes in South Africa and once again it would seem that it is quicker than in England & Wales.
What do you think of their process?
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In this chat we travel down to South Africa and welcome Chris Fick to Conveyancing Matters.
There are elements to the process down there that some conveyancers over here might remember
What do you think about the conveyancing process in Cape Town?
This is Part 1 of the chat, and the second part will follow next week.
This is Part 2 of our chat with Michael Joyce! All the way from The College of Law, Australia.
In this, the second of our series Conveyancing Around the World, we are delighted to welcome Michael Joyce, from The College of Law Australia, to Conveyancing Matters. We had an interesting chat to him about the conveyancing process in New South Wales, Australia.
We were surprised at some of the processes, and there are others which we might hope to adopt.
We had so much to discuss this is only part 1 of the chat, and we hope you enjoy it.
In the first of our new series, we are delighted to welcome Billy Smith to Conveyancing Matters. We had a fascinating chat to him about the conveyancing process in Scotland
We were surprised at the differences even though they are only just over the border!
What do you think about the conveyancing process in Scotland?
Find our Episodes on Spotify & Apple Music.
We have all heard that the conveyancing system in England and Wales is supposed to be broken.
That prompted Lorraine and Stu to wonder how our system compares to other jurisdictions.
This Conveyancing Matters Chat is an introduction to Lorraine and Stu's forthcoming series: "Conveyancing Around the World"
They would love to know your views.
http://www.pcslegal.co.uk
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In this Conveyancing Matters chat, Lorraine and Stu talk about a potentially controversial topic – dress code in the conveyancing office.
We all wore pyjamas on zoom and no one minded if our dog joined the conversation – but now many are now returning to the office, is casual dress acceptable?
Does how a conveyancer look have an impact on their professionalism or how a client perceives them?
Lorraine and Stu discuss some interesting points for conveyancers and their managers – and make sure you watch it to the end!!
Would your clients think less of you if you wore jeans and a T-shirt when advising them?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk
http://www.adaptlaw.co.uk
In their regular monthly news roundup, Lorraine and Stu talk about some of the news stories that have caught their eye.
First up, they talk about the event of the month – the first Conveyancing Matters Live! It was a great success and Lorraine and Stu thank everyone for their support.
There are some HMLR changes that will help practitioners manage risk and they talk about changes to the Help to Buy application deadline.
Stu and Lorraine also mention the interesting decision by the Competition and Markets Authority which requires a large search provider to divest itself of the recently acquired TM Group.
Do you know who owns your search provider?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and Apple Podcasts
http://www.pcslegal.co.uk
http://www.adaptlaw.co.uk
In their regular monthly news roundup, Lorraine and Stu talk about some of the news stories that have caught their eye.
First up, Lorraine uses the chat to shamelessly plug her new book – ‘A Practical Guide to Residential Freehold Conveyancing’!
They talk about the ban on charging ground rents on new leases that is coming into force and forthcoming changes to renting in Wales.
The conveyancing market is still hot according to latest data which could lead to more PII pressure on firms.
And new build properties are selling more quickly which is a perfect reason for Lorraine and Stu to mention the forthcoming Conveyancing Matters Live event in London on 25 May 2022!
Remember, this is just a chat and only our opinions, not advice!
Find our podcasts on Spotify and Apple Podcasts.
http://www.pcslegal.co.uk
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In this Conveyancing Matters chat, Stu and Lorraine give you some more information about what is included in the first Conveyancing Matters Live event, taking place on 25 May in London.It is CPD with a difference as the event is between 6pm and 9pm and is in a great venue! Stu and Lorraine will chat about the problems that conveyancers come across with new build conveyancing transactions and will suggest some solutions.The event will be relaxed and informal and they hope that delegates will ask questions, network and have a good time!Are there any new build problems that you would like them to chat about?Link to book: https://bit.ly/3O12qvwRemember, this is just a chat and our opinions, not advice! Find our podcasts on Spotify and apple podcasts http://www.pcslegal.co.uk http://www.adaptlaw.co.uk
In their regular monthly news roundup, Lorraine and Stu talk about some of the news stories that have caught their eye.
They chat about the fact that house prices still appear to be high, although the property market might be entering choppier waters.
They remind conveyancers of the various legislative changes which are likely to have an impact in the coming months.
A couple of Land Registry changes are mentioned, and conveyancers are reminded of the ongoing importance of compliance with sanctions checks.
Useful links and resources for dealing with sanctions:
https://www.conveyancing-matters.co.u...
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and Apple Podcasts.
http://www.pcslegal.co.uk
http://www.adaptlaw.co.uk
In this Conveyancing Matters chat, Lorraine and Stu discuss a County Court case reported by the Law Society’s Gazette in which a conveyancing firm avoided a negligence claim because their terms and conditions did not extend to advising the client about road development schemes in the locality.
The case does not set a precedent – but it is interesting as it shows how important it is for conveyancing firms to have well drafted T&Cs setting out what a firm will do for a client in a conveyancing transaction.
Lorraine and Stu discuss some of the learning points from the case for conveyancers including the importance of understanding what searches are for and how and when to apply for some of the more unusual searches.
They also talk about the importance of having a good search provider!
Are your firm’s T&Cs up to scratch?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
https://pcslegal.co.uk/
https://adaptlaw.co.uk/
Russia’s invasion of Ukraine has led to international condemnation and a raft of economic sanctions against Russia and many of its citizens.
In this explainer Conveyancing Matters chat, Lorraine and Stu consider what the SRA, Law Society and CLC have said about sanctions and the steps that law firms should take. They go on to consider how sanctions might impact on firm’s AML and due diligence processes for conveyancers at the coal face.
This chat is packed with hints and tips and Lorraine and Stu consider what steps a conveyancer should take if there is a match with a client name and a name on the sanctions list.
This is a more serious chat from Lorraine and Stu and they hope that it will help conveyancers and firms navigate a difficult area at this unprecedented time.
The handout referred to during the chat contains a list of links and resources and can be downloaded from the Conveyancing Matters website:
https://www.conveyancing-matters.co.u...
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and Apple Podcasts.
http://www.pcslegal.co.uk
http://www.adaptlaw.co.uk
In their regular monthly news round up, Lorraine and Stu talk about some of the news stories that have caught their eye.
They chat about the ever-present cybercrime risk and an interesting CLC consultation. They also discuss some important legislative changes and the fact that conveyancers should be reviewing the advice that they are giving now to clients in leasehold matters.
And will HIPs make a comeback? What do you think?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and Apple Podcasts.
http://www.pcslegal.co.uk
http://www.adaptlaw.co.uk
In this Conveyancing Matters chat, Lorraine and Stu talk about some recent research suggesting that conveyancing fees have increased during 2021.
They talk about what still seems to be a mismatch between the level of estate agents’ fees as compared with those of the conveyancer, along with the basis of charging and the Transparency Rules.
Conveyancers handle a lot of fees and outgoings on a conveyancing matter – do clients properly understand how little of it actually relates to the conveyancer’s bill?
Get in touch if there is anything that you think they should be discussing!
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and Apple Podcasts.
In this Conveyancing Matters chat, Lorraine and Stu talk about residential mortgages - are there problems ahead?
They were surprised to see that one mortgage lender is willing to offer a mortgage of seven times salary and ask whether people have got short memories?
They talk about previous property crashes and wonder whether more relaxed mortgage lending criteria contribute to problems in the market.
Lorraine and Stu also mention the matters that conveyancers are not able to advise their clients about and some of the duties owed to lender clients.
Does relaxing lending criteria pose a risk to the property market?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and Apple Podcasts.
http://www.pcslegal.co.uk
http://www.adaptlaw.co.uk
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In this Conveyancing Matters chat, Lorraine and Stu give conveyancers their monthly update on conveyancing news stories that have caught their eye.
In this January 2022 news feature, they talk about conveyancing fraud, AML failures by banks and law firms, Land Registry fees and the cladding scandal to name but a few!
Should AML training be at the top of law firms list right now?
Get in touch if there is anything that you think they should be discussing!
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and Apple Podcasts.
https://www.pcslegal.co.uk
https://www.adaptlaw.co.uk
If you found our video informative, please (SUBSCRIBE) to receive more like this is in the future: https://www.youtube.com/channel/UChZ-FxlcMHnDIa2h6W9PSgg
In this Conveyancing Matters chat, Lorraine and Stu talk to the most controversial man in property – Russell Quirk!
They are delighted to welcome Russell back and talk to him about his views on how the 2022 property market might go and his thoughts on how agents can get better at winning business.
They can’t ignore ‘that’ article about conveyancers and take Russell to task on some of his more outlandish views!
Whatever your thoughts on his opinions, Russell is an interesting and engaging guest who is always willing to share his predictions and thoughts.
What is your view? How do you see the 2022 property market panning out?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
www.pcslegal.co.uk
www.adaptlaw.co.uk
In this Conveyancing Matters chat Lorraine and Stu enjoy another chat with Maurice Kilbride, owner of his own estate agency, now celebrating 21 years in business!
Maurice shares his thoughts on why he left a large corporate agency and set up on his own – reasons that will sound all too familiar to many.
They talk to Maurice about property stock levels in agency being the challenge for everyone in the property industry in early 2022.
Maurice is not afraid to comment on the politics and they all try to avoid sitting on the fence! He also throws in his own curve ball and turns the tables – asking Lorraine and Stu how conveyancers are coping and whether service levels are good enough.
Maurice’s wish for 2022 is for us all to have some stability in the property market and this is a sentiment that we can all share.
What is your view?
How will the property market fare in 2022?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
www.pcslegal.co.uk
www.adaptlaw.co.uk
In this Conveyancing Matters chat Lorraine and Stu enjoy another chat with Mr Conveyancing himself, Rob Hailstone from Bold Legal.
They chat to Rob about his thoughts as to how tumultuous 2021 has been for conveyancers – but none of them make any concrete predictions for 2022!
They talk to Rob about fee levels, Rob’s involvement with Future Gov and the importance of up-front information for parties in the conveyancing process.
Interestingly, Rob thinks that the profession is at a cross roads – but reminds us that firms must always be thinking ahead and finding work to prepare for the rainy day.
Rob shares his thoughts on referral fees and how much more challenging the role of the conveyancer is than when they all joined the profession.
What do you think?
How much more difficult is the job of the conveyancer today?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
www.pcslegal.co.uk
www.adaptlaw.co.uk
Lorraine and Stu have decided to introduce a new feature for Conveyancing Matters! They will do a roundup every month or so of the conveyancing news items which have caught their eye.
There are lots of great news resources for conveyancers these days; what Lorraine and Stu aim to do is to chat about the hot topics and give tips and hints as to how these will affect conveyancers in practice. They will no doubt also have a rant about things they disagree with!
In this first news feature, they discuss amongst other things, new announcements from the Land Registry and some of the lessons to come out of the recent IT incident which has befallen a major conveyancing firm. They hope that you enjoy this new feature – any comments are welcome!
Get in touch if there is anything that you think they should be discussing!
Remember, this is just a chat and our opinions, not advice!
In this Conveyancing Matters chat Lorraine and Stu enjoy another chat with Noel Hunter, OBE, Chairman of the Consumer Code for Homebuilders.
Since their last chat with Noel, the New Homes Ombudsman has been appointed and the New Homes Quality Code is due to be published imminently.
Noel chats to Lorraine and Stu about the interaction between the new Code and the Consumer Code for Homebuilders and how they will run alongside each other for the next couple of years until the Consumer Code for Homebuilders is phased out.
Noel is a charismatic and knowledgeable speaker and is committed to improving the rights of consumers, particularly when purchasing a new home.
Noel reminds Lorraine and Stu that there is some very helpful information and guidance for conveyancers on the ‘resources’ section of the Consumer Code for Homebuilders website: https://consumercode.co.uk/resources/
Noel also reminds us that the New Homes Quality Code may cover build quality which, in the light of events of recent years, will be an interesting and important development. Hopefully, Noel will return to Conveyancing Matters when the new code is published!
Remember, this is just a chat and our opinions, not advice!
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In this Conveyancing Matters chat Lorraine and Stu talk about the security incident which has hit a large, high-profile conveyancing group, and continues to have repercussions 3 weeks after it was first reported.
They chat about the cyber and security risks that all conveyancing firms face and the fact that some are suggesting a move back to paper files.
The issue has also renewed discussions about referral fees in conveyancing and the fact that clients often claim not to know about them. Perhaps clients do not read much of the documentation that conveyancers send to them?
Lorraine and Stu talk about some of the steps which all conveyancing firms should now think about taking to try to mitigate the ongoing challenge and risk of a security breach.
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
Lorraine and Stu could not resist the topic of the week in this Conveyancing Matters chat – the all too familiar story of the vicar who lost his house.
The story of the Luton vicar who returned to his house to find that it had been sold by a fraudster has been widely reported in the national media.
As Peter Dodge, who appeared in the Court of Appeal for Mishcon de Reya said: ‘Dreamvar is back in the news’
Stu and Lorraine discuss the steps that conveyancers should be taking to mitigate the risk of seller fraud and give some useful hints and tips for practitioners.
They also mention Rob Hailstone from BOLD Legal – he has a red flags checklist which must be an essential document for all conveyancers.
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts
www.adaptlaw.co.uk
www.pcslegal.co.uk
In this Conveyancing Matters chat, Stu chats to Daniel Hamilton-Charlton, Managing Director of Property Searches Direct
They covered a wide range of topics including the various products and reports that Daniel’s company offers to conveyancers and consumers
But they really opened up when talking about the relationship between the conveyancer and the estate agent.
This is still a central relationship to many conveyancing transactions – but is it broken?
Do estate agents know or care these days what conveyancers do?
Once again, the importance of up-front information in the conveyancing process is raised and we are reminded that conveyancing is many things – but it is not a tick box exercise.
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts
In this Conveyancing Matters chat, Lorraine and Stu talk about the extent to which new ways of working in conveyancing is changing the skill set of many conveyancers.
The 2008 financial crash saw many experienced conveyancers leave the market and not return. This, the pandemic and pressures of the last 18 months have contributed to a shortage of skilled conveyancers which is presenting recruitment issues for conveyancing firms.
Stu and Lorraine talk about how the job has fundamentally changed, largely as a result of external regulatory pressures and the willingness of clients to complain or threaten to sue now – which leaves us with a very different conveyancing landscape to the profession that they both entered.
Is this a good thing for the conveyancing market? Do clients need someone who can deal with the entire transaction for them from beginning to end or is the silo approach working?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
Lorraine and Stu chat to Chartered Legal Exec, property lawyer and all-round lovely guy, Ewan Treadgold.
Lorraine and Ewan first met when they worked together in Cambridge – they did not hit it off to start with – but a few jaeger bombs set them right!
Ewan joins Lorraine and Stu to chat about the new way to qualify as a solicitor, the Solicitor’s Qualifying Examination (SQE) and why he wants to put himself through the pain of evening classes again!
We talk about Ewan’s new role at Howes Percival and of some of the challenges of changing jobs during a pandemic
They also have an interesting chat about the importance for conveyancers of having a good property litigator to hand to help with those conveyancing related problems such as disputes and boundaries.
Are you thinking of becoming a solicitor? Would you prefer the Legal Practice Course or the new SQE?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
Lorraine and Stu were delighted to catch up with Simon Brown and Ben Marley to talk about the ESTAS.
Simon is the founder of the ESTAS, which is the customer review and awards platform designed for conveyancers and estate agents, to name but two of the property professionals who use the platform.
Simon set up the ESTAS 18 years ago and Ben has joined as the sales director and the annual awards event has gone from strength to strength.
We talk about what makes the ESTAS different and the fact that we are all looking forward to the awards at the Grosvenor House Hotel on 22 October!
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Youtube, Spotify and apple podcasts.
Lorraine and Stu finally caught up with the Hound of Holborn himself, the delightful Charlie Davidson, associate solicitor, Bishop and Sewell.
Lorraine was thrilled to get two of her favourite lawyers together on the same zoom!
They chatted about the (shhh) SDLT ‘holiday’ (it wasn’t a holiday for conveyancers) and we asked Charlie how he became the ‘Hound’!
We chew the fat about how joyful it is being on hold to a bank for over 2 hours – a pretty regular experience for conveyancers these days and Charlie tells us about his client, Les Davidson….
And Charlie introduces us to the brilliant quote – that arguing with people on the internet is like ‘throwing your shoes at the sky’!
And you need to hear about the hammer house (of horror!)!
Charlie also reminds us that conveyancing is a fun job and you have got to laugh sometimes. What a great outlook.
Do you agree that it is still fun..??!!
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
www.pcslegal.co.uk
www.adaptlaw.co.uk
Lorraine and Stu are delighted that their first post SDLT ‘holiday’ guest is Beth Rudolf, Director of Delivery at The Conveyancing Association.
Beth has a wealth of experience across the property sector, so she is well placed to talk about the challenges and opportunities in the coming months and years.
Beth gives an update on the work of The Home Buying and Selling Group – upfront information, harnessing tech, new forms and property logbooks are just a few of the projects in hand.
We ask her to pick the top two things that she would introduce tomorrow to improve the conveyancing process.
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
www.pcslegal.co.uk
www.adaptlaw.co.uk
Fat C**t
W*kr
Bunch of shi*s
This is language that has been levelled at conveyancers by clients in recent weeks – unacceptable, isn’t it?
In this Conveyancing Matters chat, Lorraine and Stu discuss a difficult subject – the abuse that conveyancers can face from their clients.
We all know that moving house is stressful and that the SDLT deadlines have made everything worse. But clients must take responsibility for their actions.
They discuss the importance of zero tolerance of such behaviour and why this has become a problem.
Has this happened to you?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
This Conveyancing Matters chat Lorraine and Stu mull over the approach of yet another SDLT deadline amongst other points of irritation!
Is 30 September SDLT deadline still a big deal for conveyancers?
Has the #BeKind campaign made a difference? Has the message been put into practice? Are conveyancers feeling more loved?
Conveyancers are quieter on social media than they were in June – so did we call the next SDLT deadline right? Is it all over?
And can we sort all of the conveyancing woes with a £495 indemnity policy? And should everyone do their own conveyancing? (Spoiler alert: no)
And another thing - conveyancers are not very good at self-promotion.
So many points covered!
How are you finding workloads or #BeKind?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts
This Conveyancing Matters chat might be a bit controversial! Stu and Lorraine discuss the abundance of conveyancing search products that are now available for property purchases.
There is no doubt that many of the products provide helpful information for buyers, whether on issues such as local schools or air quality. However, the issue for conveyancers is whether they should take on the responsibility for supplying and advising on such a dizzying array of searches, and pre-contract information.
They discuss the pitfalls for conveyancers, some case law, and comments from the Law Society in both a practice note and the Conveyancing Handbook.
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
www.pcslegal.co.uk
www.adaptlaw.co.uk
This is the second of Stuart and Lorraine's Conveyancing Matters Birthday chats.
They talked about some of the positive things to come out of the strange year that conveyancers have just had, and mulled over more of their lovely guests!
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
Remember, this is just a chat and our opinions, not advice!
In the first of the birthday chats, Stu and Lorraine celebrate the first year of Conveyancing Matters!
They talk about the tumultuous and unprecedented year that conveyancers have faced and mention some of the fantastic guests who have been kind enough to join them.
Do you have a favourite guest or chat?
What did they talk about that interested you?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
In this Conveyancing Matters chat, Stu and Lorraine talk about an important issue that has vexed conveyancers for years – redemption statements from mortgage lenders
They talk about early redemption penalties and the problems of the lenders expecting the penalties to be paid when an undertaking has been given to pay a lower figure
Should conveyancers obtain the penalty figure from their clients? Once again, this leaves the conveyancer in a difficult position
They discuss the joint Law Society/mortgage lenders statement on redemption statements and whether it helps at all
And what about the situation where an indicative redemption figure does not include commercial borrowing or all mortgage accounts?
They give some tips on how to deal with these problems.
But what do you do? Have you been caught?
And what do the mortgage lenders think?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
In this Conveyancing Matters chat, Stu and Lorraine talk about the aftermath of the end of the SDLT holiday on 30th June.
They talk about the impact on staff and clients and the fact that new instructions are not tailing off.
The massive workload of recent months will now be passed to more unsung heroes – those who deal with post-completion work.
Will conveyancing staff be able to take their holiday? We are in a perfect storm: no one being able to take holiday for 6 months, lots of holiday carried over from 2020 and yet another SDLT cliff edge on 30th September.
Stu also asks the somewhat profound question ‘What is normality?’ (And, just to add some spice, Stu’s lips and the audio might not match up!)
How are you finding the post 30 June workplace? Any easier?
Remember, this is just a chat and our opinions, not advice!
http://www.adaptlaw.co.uk/
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Find our podcasts on YouTube, Spotify and apple podcasts
In this Conveyancing Matters chat, Stu and Lorraine talk about the topic that none of us can avoid – how was the busiest day in the history of conveyancing?
They have no nuggets, no advice, no tips – they just chat about how the busiest day in the conveyancing diary went.
There were issues with lenders, lots of hanging on the phone and some long hours – but the banking system didn’t crash!
And they talk about the unsung heroes – the fantastic people in the accounts departments who have kept conveyancing departments going and the funds flowing.
The SDLT ‘no-holiday-for-conveyancers’ is nearly over.
Hang in there – heads down – nearly there!
Have your completions completed? Any problems?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
www.adaptlaw.co.uk
www.pcslegal.co.uk
In this Conveyancing Matters chat, Stu and Lorraine talk about the topic that should be on everyone’s lips – the risks of fraud when we send money out on completions.
The basics are easy to miss in the maelstrom as we approach the end of the SDLT holiday.
Sending money out on conveyancing transactions still represents one of the biggest risks to firms so we thought that we would do a reminder for conveyancers.
We mention the Confirmation of Payee Scheme and the importance of using Trusted Numbers to help minimize the risk. And do you know your bank’s requirements – what do they expect you to do to mitigate the risk of fraud?
Guess what? There are still law firms out there that will include their bank details in an email.
We hope that we are not telling conveyancers anything new but the time of greatest pressure puts us at the greatest risk of fraud – so do take care in the run up to 30 June.
What recommendations do you have?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts
www.pcslegal.co.uk
www.adaptlaw.co.uk
In this Conveyancing Matters chat, Stu and Lorraine talk about the topic that is on everyone’s lips – the pressure facing conveyancers in the face of the 30 June end of SDLT ‘holiday’.
They try to remind conveyancers that this is unprecedented and unlike anything that most people will go through.
They try not to be too depressing – but risks, cybercrime, Friday afternoon fraud all put in an appearance!
What should conveyancers be doing in the run-up to the deadline? When should you submit your Certificate of Title?
They discuss their views on the risks of completion running beyond the 30 June deadline – what advice should conveyancers give? And what should conveyancers do if completion slips to early July? What are the risks?
How are you coping with these issues?
Remember, this is just a chat and our opinions, not advice!
www.pcslegal.co.uk
www.adaptlaw.co.uk
Find our podcasts on YouTube, Spotify and apple podcasts
In this Conveyancing Matters chat, Stu and Lorraine talk about something close to Lorraine’s heart – HM Land Registry’s Practice Guide 8, witnessed electronic signatures and her new book!
In a shameless publicity grab, Lorraine talks to Stu about why she wrote the book in response to HM Land Registry’s blogs in 2020 confirming that it will accept deeds for registration signed using Mercury signatures and witnessed electronic signatures.
The book considers:
‘Can I sign a contract on behalf of my client? What are the risks?’
‘What is an electronic signature and is it legally valid?’
‘What are Mercury signatures and witnessed electronic signatures and what are HMLR’s requirements?’
‘How do I start to look at the risks of choosing a platform provider?’
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
www.adaptlaw.co.uk
www.pcslegal.co.uk
In this Conveyancing Matters chat, Stu and Lorraine talk about something that no conveyancing firm can be without – professional indemnity insurance.
Their constant refrain is: ‘conveyancers get it in the neck as they are the only ones who are properly insured’ – so in this chat, Lorraine and Stu talk about the challenges that firms will face when renewing their insurance. In this unprecedented year for work volumes and pressure, conveyancing claims are likely to increase which will lead to huge professional indemnity insurance premiums for some firms. Whether all will survive is questionable.
They also talk about the closure of the Solicitors Indemnity Fund on 30 September 2021. This means that solicitors may be personally liable for losses arising from claims made after their firm is closed.
Is this fair? What is your view on PII and the closure of the SIF?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
In this Conveyancing Matters chat, Stu and Lorraine talk about an issue that crops up on every purchase and remortgage - the environmental search.
They talk about the difference in attitude between firms to the environmental search and whether not doing this search is an issue that should be reported to a lender.
Who pays if land is polluted? But conveyancers must be careful – if we do a search, we should advise on it – does this add an unacceptable level burden on conveyancers? Most of us are not environmental specialists, after all.
What do you think - does your firm treat the environmental search as essential on every purchase?
Remember, this is just a chat and our opinions, not advice!
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
In this Conveyancing Matters chat, Stu and Lorraine talk about an issue which conveyancers regularly mention on social media – pre-contract enquiries!
The ridiculous enquiries that conveyancers ask (hopefully at the request of their clients!) have featured in our recent posts – whether about ghosts, lizards or autographs! And conveyancing colleagues have been generous enough to share their experiences (buyer taking their £80 fence, anyone??).
But in this chat, Stu and Lorraine consider some of the more serious issues such as: when is the best time to raise enquiries, what does the Protocol say
and how should we deal with poor replies?
Raising enquiries is not an excuse to delay a transaction for an overstretched practitioner; they are an essential part of the due diligence on every purchase.
Raising relevant, sensible enquiries is key to a successful purchase – whether to ensure that the client knows what they are buying or to ensure that the conveyancing firm does not face a negligence claim when their client decides to sell.
What do you think - when is the best time to raise enquiries for a buyer client on a conveyancing purchase?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
In this Conveyancing Matters chat, Stu and Lorraine talk about the vexed issue of client reviews and how difficult it can be for firms to deal with negative reviews.
In the current volatile conveyancing market, it is essential for all involved in the process to give a consistent message to clients – but this is not happening. Clients will hear what they want to hear and it is often the conveyancer who gets the blame for any delays; whether justified or not.
They mention the recent case where a law firm was awarded £25000 in damages from a client who posted a negative review on Trustpilot. What would you have done?
And what about gifts to conveyancers? Is it a good idea to post a picture of a gift from the firm or a client on social media?
What does your firm do if you get a negative review on social media? We’d love to hear your thoughts!
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
The recent Conveyancing Matters chat about what conveyancers do and our follow-up poll on the lender’s Certificate of Title generated interest and comment and prompted Stu and Lorraine to think about the relationship between conveyancers and lenders.
In most conveyancing transactions the conveyancer will also act for their buyer client’s lender. But with the increased risk on many conveyancing files and our duty to report to lenders, should we regularly be acting for buyer and lender in the same transaction? Or is the prospect of a conflict-of-interest just too great?
Do you ask your buyer clients if they have been put on furlough or are facing redundancy prior to exchange of contracts?
Do you decline to act for a lender if you recognise a conflict-of-interest?
Lenders are our clients as well, but Stu and Lorraine wonder whether we are reaching the point where separate representation might be more appropriate.
What do you think?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
So much is being said and written, at the moment about conveyancers and conveyancing delays, so Stuart and Lorraine have decided in this Conveyancing Matters chat to talk about some of the detail of what conveyancers do on every file.
Not the endless AML, due diligence, file opening and form filling – but the actual technical work on the investigation of title upon which our buyer clients and lenders depend.
They also want to dispel some of the myths – how many practitioners submit the Certificate of Title to a lender before all search results are in or enquiries raised, supposedly to make sure they are ready to proceed? How many exchange without knowing whether a restriction can be complied with?
The value of a property depends on the rights that it enjoys. If there is no legal access and no services, a property is worth a lot less and might even be unsaleable. It is the job of the conveyancer to find that out. And advise on it. Properly.
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
Lorraine was delighted to have a chat on this Conveyancing Matters with Noel Hunter. Noel has extensive experience in the property and regulatory industries having been the Vice Chairman of the Property Ombudsman and Chartered Trading Standards Institute. He has been at the helm of the Consumer Code for Homebuilders for 10 years and has some important insights into the work of developers in the new build industry. Noel considers the successes of the Code and the work that still needs to be done.
He talks about the independent dispute resolution service that forms part of the Code and the importance of supporting and strengthening consumer confidence in new build homes.
If any conveyancers are interested, there is also free training on the website about the Code - https://consumercode.co.uk/
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
Stu and Lorraine could not ignore the execution of the so called SDLT ‘holiday’ to 30.06.2021 at the current level (and to 30.09.2021 at £250,000), so in this Conveyancing Matters chat they talk about the announcement and its impact on those in the profession.
There is no doubt that it is good for the housing market and wider economy as well as those at the top of law firms – but what about the conveyancers who are faced with the daily reality of a huge workload and no end in sight? What should firms be doing to support their staff? Conveyancers are going to have to take a holiday soon – they cannot wait until the October half term.
They also talk about some of the other suggestions that were made about SDLT reform and the boring cliché about conveyances having an ‘excuse’ to slow down transactions which is doing the rounds again.
Remember, this is just a chat and our opinions, not advice!
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
Find our podcasts on YouTube, Spotify and apple podcasts.
Conveyancing is super stressful right now, so Stuart and Lorraine decided to cheer you up with a Conveyancing Room 101!
In this Conveyancing Matters chat they suggest the things about conveyancing that they would consign to history!
Join them and let us know if you agree with our choices!
What would you get rid of if you could?
Find our podcasts on YouTube, Spotify and Apple Podcasts.
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
Remember, this is just a chat and our opinions, not advice!
With his thousands of Twitter followers and successful estate agency business, Maurice was the obvious choice for Stu and Lorraine to enjoy a Conveyancing Matters chat!
We were delighted that Maurice joined us – to talk about the importance of family, conveyancer/agent communication and thoughts on the state of the market and the SDLT holiday.
And Maurice was nearly lost to the world of agency as he started life wanting to be a journalist! The Telegraph’s loss is our gain!
Maurice has some interesting views on the importance of bringing younger people into an established business to give new energy and perspective.
We also talked about the often ignored mental health pressures caused by the pandemic and the lockdowns.
What have you found to be the biggest challenge for property professionals in the last 12 months?
Remember, this is just a chat and our opinions, not advice!
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
Find our podcasts on YouTube, Spotify and apple podcasts.
Our chat with Mike Day made us realize that we have a lot more to say about anti-money laundering and its impact on the work of conveyancers.
It also seems like a good idea to chat about AML given the recent release of the Legal Sector Affinity Group guidance on AML.
So, in this Conveyancing Matters chat, Stu and I talk about the guidance in brief and remind conveyancers what AML is about. We then go on to talk about a host of practical points which we hope conveyancing firms will find helpful, including client i/d, client profiling, red flags and the importance of an open-door culture in law firms.
AML compliance is not just a tick box exercise and as Stu reminds us that firms must assume that they will be a target for AML fraudsters.
What do you think are the biggest AML challenges?
Remember, this is just a chat and our opinions, not advice!
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
Find our podcasts on Spotify and apple podcasts
Stu and Lorraine are delighted to welcome back to Conveyancing Matters Mike Day from Integra Property Services.
In addition to being a property market guru, Mike offers training on many key areas affecting property professionals; so, with the introduction of the Legal Sector Affinity Group anti-money laundering (AML) guidance in January 2021, we decided it would be a good time to discuss the AML regime with him.
Mike points out many of the similarities in the AML obligations between conveyancers and estate agents. He highlights the importance of the continuing assessment of risk and Stu reminds conveyancers how important it is for us to know our clients.
Why are they buying? Where did their money come from? Does their profile fit the transaction?
(And Stu’s firm has dealt with three lottery winners over the years! Who knew?)
And we all agree on the importance of the relationship between the estate agent and the conveyancer.
What AML requirements do you think are most difficult to satisfy?
And Mike’s AML training course is not his most popular one for no reason! Suitable for conveyancers as well as estate agents!
Go to Mike’s website: https://www.integra-ps.com/
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and apple podcasts.
Conveyancers sometimes forget that lenders are in business to make money and they will repossess a property if the borrower fails to keep up their repayments. We advise our clients of this risk – but what about the conveyancer?
What is the position of the conveyancer if the lender repossesses and sells at a loss? Will they have a go at the conveyancer? You bet they will! We must ensure that our files are Handbook compliant.
And there are many people doing conveyancing work now who have not come across negative equity.
And what if the lender requests your conveyancing file?
Lorraine and Stu discuss all of these matters.
Has a lender requested your file? How did you deal with it?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and Apple Podcasts.
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
‘If we don’t exchange by Friday, I am pulling out of the transaction’.
As conveyancers, we have all heard that from our clients, haven’t we?
With the pressure to complete conveyancing transactions ever-increasing as we get closer to 31 March 2021 (and no SDLT extension in sight), in this week's conveyancing matters chat, Stu and Lorraine talk about the pros and cons of ultimatums from clients.
On the one hand, an ultimatum from a client can focus the minds of the parties in the chain, but are they effective? And what should the conveyancer advise their client?
Stu and Lorraine share their experience on this issue and give some advice of their own to conveyancers.
They also go off on a little rant about the fact that conveyancers are still being blamed for all of the delays in the conveyancing process at this difficult time…yawn..yawn…
We hope that you enjoy our chat – feel free to get in touch to give us your views and experience – what do you tell clients when they want to impose an ultimatum?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
In this week's conveyancing matters chat, Stu and Lorraine talk about whether the property market should remain fully open during the covid-19 lockdown #3.
Lorraine put out a post on social media alerting conveyancers that they should keep the possibility of a short notice contraction of the market in mind when advising clients especially at the point of exchange. This post prompted suggestions that she was ‘scaremongering’ – is this valid?
They talk about the risks to estate agents of going into homes to carry out viewings – no one wants the property market to tighten – but is it inevitable? And what should conveyancers be telling their clients?
We hope that you enjoy our chat – feel free to get in touch to give us your views and experience – should agents stop taking on new property and doing accompanied viewings?
http://www.adaptlaw.co.uk/
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Remember, this is just a chat and our opinions, not advice!
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In this week's conveyancing matters chat, Stu and Lorraine talk about the situation for conveyancers and estate agents now that we are back in lockdown.
The conveyancing market remains open for business – but just because estate agents can open does not necessarily mean that they should. We talk about the pressure on employers of making places of work ‘covid secure’ and the risks for agents and others going into people’s homes.
We talk about the SDLT deadline and whether or not it will be extended beyond March 2021 – our views differ on this!
We hope that you enjoy our chat – feel free to get in touch to give us your views and experience – is the conveyancing market ridiculously busy where you are?
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
In this week's conveyancing matters chat, Stu and Lorraine talk (again!) to the conveyancing guru himself, Rob Hailstone from Bold Legal Group. In this chat we look ahead to 2021 and discuss some of the things that might happen to the tumultuous conveyancing market. Rob is sensible enough not to make any predictions! We reflect on the SDLT holiday (and do not agree about it!), the re-emergence of ‘sale ready’ conveyancing packs and the importance of conveyancing firms not dropping their fees if the market dips.
We really enjoyed our chat with Rob and hope that you do, too!
Remember, this is just a chat and our opinions, not advice!
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
Find our podcasts on Spotify and apple podcasts
We have finally reached the end of one of the most rollercoaster years for conveyancers and who better to review it with than the Conveyancing Chief himself, Rob Hailstone.
Rob founded the Bold Legal Group, the invaluable updating service for conveyancers, but Rob does so much more!
Including lobbying Government and even acting as a mediator on occasions! Who knew?
Rob talks to Stu and Lorraine about some of the most popular topic which conveyancers have raised on his Bold Forum.
We hope you enjoy this conveyancing matters chat with the silver fox as much as we did!
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In this week's conveyancing matters chat, Stu talks to Andrew McColl. Andrew is owner of AM Surveys as well as being vice chairman of the Residential Property Surveyors Association and, having spent his life in the housebuilding industry, is well placed to provide insights into why every buyer should have a survey carried out.
Both Andrew and Stu are amazed that so many buyers seem to think that surveys are unnecessary, and clear up misconceptions that some buyers have about the links between a valuation and a survey
We really enjoyed our chat with Andrew and hope that you do, too!
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and Apple Podcasts.
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
In this week's conveyancing matters chat, Stu and Lorraine talk to Nicola McKenzie, who is a founding partner of Dunham McCarthy mortgage brokers.
Nicola has a wealth of experience and, in this lively and interesting chat, shares her views on the conveyancing market and what brokers and clients can do to help smooth the conveyancing process.
Stu and Lorraine were under pressure as Nicola has her own You Tube Channel – but we think we did ok! We spoke to her recently for her channel – so we were delighted to return the favour. Nicky is hugely knowledgeable and her advice is clear and accessible – so we are sure that she will be coming back soon!
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on YouTube, Spotify and Apple Podcasts.
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
The sad story of a couple who lost £33,000 after exchange when their buyers mortgage offer was withdrawn by the lender, has been widely reported. What is less understood is that this is the risk that buyers in conveyancing chains face every day.
Stu and Lorraine chat about this and the implications for conveyancers in this conveyancingmatters chat.
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
As Stuart and Lorraine have discussed before conveyancers are under huge pressure at the moment.
So with that in mind Stu and Lorraine were really pleased to be joined by Leah Steele to look at the mental health and wellbeing side of things, and what people may be able to do to take care of themselves.
We really learnt a great deal from Leah and hope that you do, too!
Find our podcasts on Spotify and apple podcasts
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
In this week's conveyancing matters chat, Stu and Lorraine talk to the vibrant and interesting Peter Ambrose. Peter is MD of a progressive conveyancing firm, The Partnership, and his background in IT and technology runs through everything that he does.
Peter talks to us in particular about being the first firm to submit a document to the land registry signed using a digital signature. To say that this is a hot topic is an understatement – the use of digital signatures could revolutionise the way that conveyancing work takes place in the coming years.
We really enjoyed our chat with Peter and hope that you do, too!
Remember, this is just a chat and our opinions, not advice!
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
In this Conveyancing Matters chat, Lorraine and Stu talk about the very topical issue of whether or not conveyancers should include so called ‘covid clauses’ in residential conveyancing contracts.
It is a subject which polarizes views of conveyancers – some think that they should be included in every conveyancing contract, others think they must be avoided at all costs. We chat about the practicalities of these clauses and the alternatives.
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
SHOW LESS
In this Conveyancing Matters chat, Lorraine and Stu talk about the very common situation of gifted deposits in conveyancing purchases.
We look at the issues arising from the so-called “bank of mum and dad” for conveyancers and their buyer clients.
We talk about a wide range of issues including:
• How does a conveyancer find out where the buyers’ deposit is coming from?
• The requirements of the lenders
• The need for clients to be truthful about source of funds
• The fact that a gift is a gift! If mum and dad want the money back – it is not a gift!
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk/
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Stu and Lorraine really enjoyed this Conveyancing Matters with Mike Day of Integra Property Services. We enjoyed a wide-ranging chat about the property industry. Mike is an experienced and respected voice – and he shares some of his experiences of 45 years in the industry (he started when he was 3….!).
Mike has some very insightful things to say to conveyancers - he is one of the few people who acquired two firms of solicitors and turned them into licensed conveyancers.
Mike has an interesting view on conveyancers and what they can do to try to take more market share and develop their businesses. Mike helps firms with strategy and gives some advice to coal face conveyancers to help improve their processes right now.
We talked about conveyancing firms embracing IT and prop tech, the current state of the market and whether conveyancers should offer out of hours appointments. We also talk about property logbooks.
We did not cover nearly as many things as we wanted to with Mike, so we will certainly see him again and thank him for this really interesting chat!
If anyone wants to chat to Mike about any of the issues that we talked about, feel free to contact him.
Find our podcasts on Spotify and apple podcasts.
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
In this Conveyancing Matters, Stu and Lorraine were delighted to chat with Shaun Spalding from Avant Advisory. Shaun is an accountant but has branched into IT, finance and project management so he is perfectly placed to understand the professional pressures that law firms face – whilst being able to bring a refreshing perspective to thorny issues such as electronic signatures, case management systems and attitude to risk.
Shaun gave some really practical ideas for conveyancers to think about when looking at the risks of cloud-based storage and electronic signatures as well as discussing the ‘Uncle Albert’ attitudes to change! (You’ll have to watch it to understand that one!).
We thank Shaun for his refreshing chat and hope to see him again.
If anyone wants to chat to Shaun about any of the issues that we talked about, feel free to contact him.
There is a lot of serious news around right now, so in this Conveyancing Matters chat, Lorraine and Stu reminisce about how conveyancing used to be! Our lovely young conveyancers watching our chats won’t know what we are talking about! No internet? No mobiles? Applying for ‘office copies’ by…paper???! Ridiculous!
And no AML? Using phone boxes…? Surely not!
We made ourselves laugh doing this one!
Find our podcasts on Spotify and apple podcasts
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
Rightmove has reported delays in conveyancing transactions. All conveyancers are experiencing unprecedented work levels as a result of work flowing since lockdown and the announcement of the SDLT holiday. This makes managing the expectations of seller and buyer clients especially challenging. Conveyancing is going to take longer in many cases due to these pressures.
In this Conveyancing Matters chat, Lorraine and Stu chat discuss how to manage expectations – but also the stresses that conveyancers are experiencing. We are often the bearers of bad news which can lead to client dissatisfaction. Stu and Lorraine want to be the voice for property lawyers and put across their perspective. Stu also gives some helpful tips as to what clients can do to smooth the process!
Find our podcasts on Spotify and apple podcasts
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Since his controversial article about conveyancing back in July (link below if you want to revise!!), Stu and Lorraine have been keen to have a right of reply to Russell Quirk. They did a conveyancing matters chat in response but now it’s the real thing!
In this Conveyancing Matters chat, Lorraine and Stu talk to Russell about his views on conveyancers, the conveyancing process and the property world generally. It is a good-humoured discussion but spoiler alert Lorraine and Stu don’t agree with everything that Russell says!
Russell’s article in PIE (27.07.2020):
https://propertyindustryeye.com/law-u...
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In the first of our Conveyancing Matters ‘Search Series’ chats, Stu and Lorraine explain the importance of the drainage search which will be done on all conveyancing purchases and remortgage transactions.
It is one of the key searches but home sellers and buyers might not know what the search covers or why it is done. Indeed, some conveyancers might not know!!!
They discuss the practicalities of doing the search, issues that the search covers and the importance of build over agreements.
You will also be pleased to note that Stu’s PCS branded t-shirt puts in another appearance! And Lorraine cannot resist making a back passage joke – who knew?!!
Find our podcasts on Spotify and apple podcasts
http://www.adaptlaw.co.uk/
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In this Conveyancing Matters chat, Stu and Lorraine talk about the challenges that property technology firms face when trying to sell their products to conveyancing firms.
They talk about the mismatch that often arises between the language used by those selling their products and the problems that law firms face when being asked by prop tech firms to pass on yet more costs and outgoings to clients.
They talk about the multiple platforms and case management systems that firms have to use and along the way they mention PCS Legal branded T-shirts and bumping into chatty clients in Co-op!
Find our podcasts on Spotify and Apple Podcasts.
http://www.pcslegal.co.uk/
http://www.adaptlaw.co.uk/
Stu and Lorraine are really delighted to welcome our very first Conveyancing Matters guest, Duncan Samuel! Duncan heads up Gazeal Limited, a company leading the way on reservation agreements. Duncan reminds us that around 33% (Yes! 33%!) of conveyancing transactions fall through before exchange. It is this frightening statistic which made Duncan think that there must be a better way for sellers and buyers to have certainty and peace of mind and this led him to develop the Gazeal reservation agreement.
We discuss the benefit of the agreement for conveyancers and their clients and along the way chat about how Duncan went from litigating in Cambridge to running a prop tech company and his views on the state of the conveyancing market.
Find our podcasts on Spotify and Apple Podcasts
http://www.adaptlaw.co.uk/
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The conveyancing market has boomed with the pent-up demand from lockdown and the announcement of the SDLT holiday. In this Conveyancing Matters chat, Lorraine and Stu talk about some of the reasons for the delays which conveyancers and their seller and buyer clients are experiencing.
Along the way they talk about the bottlenecks in the process, managing client expectations and the fact that the market rebound has taken everyone by surprise. They ponder the difficulties of not getting access to underwriters and the fact that, sometimes, dealing with lenders is like nailing jelly to a wall.
Find our podcasts on Spotify and Apple Podcasts.
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
There are lots of Google searched questions about who does conveyancing; so in this Conveyancing Matters chat, Stu and Lorraine answer some important questions to demystify the process:
1. What is the difference between a conveyancer and a solicitor?
2. Are conveyancers cheaper than solicitors?
3. What makes a good conveyancer?
Along the way they also discuss the Transparency Rules, which is the requirement for firms to publish their legal fees on their websites, for those who are not in the know! We also chat about the controversial matter of being able to increase fees if a conveyancing transaction becomes more difficult and the importance of good communication – by clients and their conveyancers. As Stu said:
‘Communication’ is the biggest buzzword in conveyancing at the moment.
The one where Lorraine said: ‘When you’ve been doing this job as long as I have, nothing is new’
The one where Stu said: ‘It’s important that you tell someone about costs up front…I might be a bit controversial on this one’
Find our podcasts on Spotify and apple podcasts
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In this Conveyancing Matters chat, Lorraine and Stu give themselves a right of reply! Stu has some files in his office which can be seen by our lovely viewers, and a Conveyancing Matters viewer simply assumed this meant that Stu’s firm uses paper files. Nothing could be further from the truth – but in this video, Lorraine and Stu chat about the ‘paper vs digital’ files argument. As Stu says, there is an assumption that paperless is the better route to communication – but is this necessarily the case? And as conveyancers still have to deal with unregistered titles and have to keep files for many years to comply with regulatory requirements, going completely paperless is not always as easy as it seems. Stu also rather mysteriously mentions an old car that he owns – we will try to find out about that in another Conveyancing Matters chat!
The one where Lorraine said: ‘Ah! A good 6 inches Stu!!’
The one where Stu said: ‘It’s a bit of an old battle-axe…’ (and Lorraine hoped he wasn’t talking about her)
Find our podcasts on Spotify and Apple Podcasts
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In a recent explainer video, Lorraine and Stu answered the questions: ‘What happens during conveyancing?’ and ‘What are the steps in conveyancing?’. In this second follow up video they chat about the home moving process and give an inside track on their own personal bugbears with the conveyancing process. Stu talks about the problems with obtaining leasehold management packs and making contact with lenders. Lorraine chats about clients shooting the messenger when bad news has to be given, along with lots of other points in between! This video chat will be helpful for home sellers and buyers, estate agents and anyone who is studying conveyancing whether paralegal qualifications, Cilex exams, Council for Licensed Conveyancers exams, the Legal Practice Course (LPC) or the Qualified Lawyers Transfer Scheme (QLTS).
If you would like a copy of the Conveyancing Process flowchart used during the video explainer, email Lorraine at Adapt Law
Find our podcasts on Spotify and apple podcasts
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
In a recent explainer video, Lorraine and Stu answered the questions: ‘What happens during conveyancing?’ and ‘What are the steps in conveyancing?’. In this first follow up video they chat about the home moving process and give an inside track on what causes some of the delays and frustrations for conveyancers and their seller and buyer clients. Stu and Lorraine chat about the problems with taking instructions, complying with money laundering requirements and doing source of funds checks. They also talk about property log books and lots of other issues inbetween! This video chat will be helpful for home sellers and buyers, estate agents and anyone who is studying conveyancing whether paralegal qualifications, Cilex exams, Council for Licensed Conveyancers exams, the Legal Practice Course (LPC) or the Qualified Lawyers Transfer Scheme (QLTS).
If you would like a copy of the Conveyancing Process flowchart used during the video explainer please contact lorraine via her adaptlaw website.
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
Lots of people ask: ‘What happens during conveyancing?’ and ‘What are the steps in conveyancing?’– in this ‘explainer’ video, Stu and Lorraine answer these questions! They give an outline of the home moving process from taking instructions to the post completion work carried out for sellers and buyers by solicitors, conveyancers and licensed conveyancers. This video explainer will be helpful for home sellers and buyers, estate agents and anyone who is studying conveyancing whether paralegal qualifications, Cilex exams, Council for Licensed Conveyancers exams, the Legal Practice Course (LPC) or the Qualified Lawyers Transfer Scheme (QLTS).
If you would like a copy of the Conveyancing Process flowchart used during this video explainer, contact Lorraine
http://www.adaptlaw.co.uk/
http://www.pcslegal.co.uk/
Just as we came out of lockdown, the Chancellor announced the SDLT holiday – meaning that, for most, there is no SDLT to pay on a property priced up to £500000 until 31.03.21. This was intended to be a boost for the property market. But is it all it’s cracked up to be? Is the measure even necessary as the market was picking up strongly after lockdown eased? And was it introduced at the right time? Lorraine and Stu have strong opinions on this topic so join them for the latest Conveyancing Matters chat!
https://adaptlaw.co.uk/
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HMLR has announced that from 27.07.2020 it will accept for registration documents that have been signed by electronic means. A great day for conveyancers, surely? In another Conveyancing Matters chat, Lorraine and Stu discuss this ‘hot off the press’ announcement. Lorraine prefers face to face meetings and witnessing signatures in person. It’s her age, probably. Stu heads up a large tech enabled conveyancing practice – so he will view e-signatures differently. Right? Well, not necessarily. It’s all a matter of where the risk lies. Risk management is central for licensed conveyancers, solicitors and the home buying public. See what Stu and Lorraine have to say.
https://adaptlaw.co.uk/
https://pcslegal.co.uk/
Conveyancing Matters is a regular chat between two property experts – Stuart Forsdike of PCS Legal and Lorraine Richardson of Adapt Law. We will discuss all things property and whether you are selling or buying your home, a conveyancer, licensed conveyancer or solicitor or anyone involved in the property industry, you will find it interesting (and hopefully funny and controversial at times!).
In this chat we tell you about the idea behind Conveyancing Matters and a bit about ourselves. You will find out what makes Lorraine a bit angry and Stu’s secret interests over and above all things conveyancing. We look forward to seeing you!
https://adaptlaw.co.uk/
https://pcslegal.co.uk/
Russell Quirk has ignited an age-old argument – conveyancers are too slow and conveyancing should be a ‘one stop shop’ under the roof of the…. estate agent! Russell’s view is interesting and provocative, and Lorraine and Stu could not let this one lie! In this Conveyancing Matters they challenge some of Russell’s views (and invite him for a discussion if he would like one!) – and point out the day to day realities of running a conveyancing practice. A conveyancing client is not a ‘consumer’ for a law firm and this distinction is important. Also, agents and conveyancers tried to do it all under one roof 30 years ago – it didn’t work then, so why would it now? Join Stu and Lorraine to hear their views!
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http://www.pcslegal.co.uk/