Professional Indemnity Insurance Hike Closes Conveyancing Firms

Conveyancing is one of the most high risk areas of law - as reflected in PII premiums.

The rise in operating costs means we need to charge reasonable fees. Hence national fee increases.

Year on year the regulatory requirements expand to assist the government in combatting ID theft, property and mortgage fraud.

We spend our days navigating the hurdles of anti-money laundering and source of funds legislation. Due-diligence and compliance are the millstone around our necks.

We cannot do all of this for the same fees charged decades ago.

https://www.lawgazette.co.uk/news/firm-shuts-citing-unmanageable-rises-in-pii-costs/5112992.article