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Conveyancing guideIs your solicitor on the Coventry Building Society panel?
Everything homebuyers and remortgagors need to know before instructing a solicitor — and how to check panel status in under two minutes.
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If you are buying a home or remortgaging with a Coventry Building Society mortgage, there is one question
HM Land Registry made headlines a few days ago with the welcome announcement that fully avoidable requisitions are down 7%. Progress to be celebrated, surely, in a sector that has long grappled with the cost and delay that unnecessary requisitions create.
But look a little closer at the data, and a curious contradiction emerges.
The
When the King’s Speech was delivered last Wednesday, many AML experts and legal compliance officers scanned the text and sighed. On the face of it there was no explicit mention of the long-promised, highly controversial overhaul of AML supervision. Many assumed the government had kicked the can down the road.
But as it turns out,
The regulatory ground is shifting beneath law firms’ feet. Conveyancing transactions are growing more complex, data volumes are expanding at pace, and the methods used by modern criminals, from deepfakes to layered shell structures, are becoming increasingly difficult to detect through traditional means. For many firms, especially high street practices where there the compliance officers
AML compliance has moved firmly to the front of the agenda for UK law firms. With the Solicitors Regulation Authority taking a more assertive stance and the courts broadening the scope of what constitutes money laundering an independent AML audit is the most important step they can take right now.
The Regulatory Mood Has Changed
For the last few years, the SRA’s annual AML data collection has been treated by many firms as a compliance formality. Fill in the numbers, hit the deadline, move on. That approach is now genuinely risky.
Here’s why 2026 is different.
The AI Cross-Check
The SRA is deploying AI analytics this year to cross-reference AML
If your firm handles conveyancing, the definition of a “Tax Adviser” just got a lot broader. HMRC has confirmed that new mandatory registration rules will encompass almost all conveyancing professionals. With significant penalties for non-compliance, understanding these HMRC Agent Services Account (ASA) updates is critical for your firm’s survival.
Is My Conveyancing Firm a “Tax
Updates to the UK’s Anti-Money Laundering (AML) landscape are on the horizon. On March 25, 2026, the UK Government laid the Money Laundering and Terrorist Financing (Amendment) Regulations 2026 before Parliament.
For legal professionals, these changes aren’t just administrative, they will require a proactive review of how practices manage risk and client data.
What’s Changing?
The “Bank of Mum and Dad” is a staple of the UK property market, but for modern conveyancers, it’s becoming a compliance minefield.
Lenders are shifting goalposts at lightning speed, and the SRA is increasingly focused on Source of Funds (SoF) failures. If your firm is still treating a gifted deposit as a simple “tick-box”