CHAPS settlement day extension (LSG)

The Bank of England has announced it is extending the Clearing House Automated Payment System (CHAPS) settlement day to align more closely with the typical business day.

LMS extends partnership with The Chorley Building Society (TC)

LMS has extended its relationship with The Chorley Building Society by providing its General Panel Management service to the Society. This will allow The Chorley to offer its members and brokers access to a fully vetted, open and secure panel of law firms.

Delayed Exchanges – Why are they increasing? (EAT)

A number of my member firms (Bold Legal Group) have reported that, compared to three years ago, the time to get property transactions to exchange has increased markedly, causing additional aggravation and stress for conveyancers, clients and estate agents alike....

More lenders opt to use Lender Exchange (TC)

Decision First has confirmed that another 6 lenders have decided to join Lloyds Banking Group and Santander in their use of the Lender Exchange. Launched last August to the panels of both LBG and Santander, Lender Exchange is being rolled out to TSB, Coventry Building...

Reporting Accountants’ requirements relaxed

Changes to the format of accountants’ reports for solicitors’ practices – and the criteria for qualifying accounts and submitting them – should further improve their value and reduce the burden on firms, the Solicitors Regulation Authority has...