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Conveyancing Month!

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The UK’s first monthly on-line journal dedicated to conveyancers!

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CONTENTS

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Anti - Hips Onslaught Hots Up!

Text Box: The Government’s plans to introduce compulsory HIPs on the 1st of June next year are now the subject of a concerted campaign of opposition led by the Conservative party. The first salvos came in the form of a report published last month by Oxford Economic Forecasting (OFE) on behalf GMAC RFC, the UK’s 10th largest residential mortgage lender. According to OFE, Hips would distort the market, as Britons often put their homes on the market because they wanted to trade up to a bigger property or to gauge how much they could get from buyers. The cost of the HIP (up to £1,000 by some estimates) would stall people from doing this, resulting in a loss of sales.

The HIPs and

E-conveyancing War!

Winning the HIPs and

e-conveyancing war will require careful strategy, writes Fiona Gregory

Text Box: The risks inherent in e-conveyancing and HIPs fall into two categories. The first contains all the usual suspects: compliance, file management, computer security, and the like. These should be familiar ground to firms with Lexcel accreditation or sensible internal audit standards. If a firm does not yet have robust procedures in place to address these issues, it has more to worry about than e-conveyancing and HIPs. Big issue The second – and big - issue is strategic. Lawyers have experienced nothing of this magnitude since the Land Registration Act 1925 when, unable to accept the massive change this wrought, nearly a third of solicitors retired or left the profession. There is no reason to think that HIPs and e-conveyancing will not have a similar impact.

Leadership and the

Conveyancing Industry