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Text Box: Volume 1 Issue 5  July 2006         Phone: 01275 845656   Fax: 01275 845656    Email: news@conveyancingmonth.com
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Bill Sets Stage for Radical Change

Text Box: The draft Legal Services Bill, which was placed before parliament on the 25th of May, will radically alter the way in which all branches of the legal profession are regulated, and will make the UK the most liberal market place for legal services anywhere in the world.

Introducing the Bill, which goes even further than the reforms proposed by Sir David Clementi in his 2004 report, the Lord Chancellor, Lord Falconer commented “We, as a country, have an extremely successful legal system… but we know it is far from perfect. [These reforms] represent a real watershed."

Lord Falconer

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Join In or Lose Out, Warns Housing Minister

Yvette Cooper

Text Box: The Government has signalled it’s determination to press ahead with the new HIPS regime, scheduled to go live in June of next year, by warning property professionals that by standing on the sidelines, or even worse, actively opposing the proposals, they stood to lose out.

According to Housing Minister, Yvette Cooper, “innovative organisations” had take the lead in preparing for the introduction of HIPs.
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 Law Society Hit By £250k Fine

Text Box: A swingeing £250,000 fine has been imposed on the Law Society by the watchdog Legal Services Complaints Commissioner, Zahida Manzoor, for failing to manage its Consumer Complaints Service adequately. It follows the submission by the Law Society of it’s latest “action plan” to improve complaints handling, and which apparently fell far short of the Commisioner’s requirements. 
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HIPs Threaten Market Disruption

Text Box: New research has predicted major disruption to the property market in the months  before and after the introduction of mandatory HIPs.

A survey carried out amongst estate agents by HIP provider Simply HIP predicts that there will be a rise of 23 per cent in the number of houses for sale in the three months immediately prior to June 1 2007, the current start date for the mandatory scheme, as homeowners rush to put their properties on the market
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New Land Registry practice guide