The property industry has long recognised the need for a faster, more transparent and more predictable homebuying process.
That’s why organisations from across the transaction chain have come together to support Project 28: A Charter for faster, more certain property transactions – an industry-wide initiative focused on reducing the time from sale agreed to exchange to just 28 days.
As part of that commitment, OneSearch has officially joined the Charter as a member, supporting its ambition to improve certainty, transparency and efficiency across the homebuying process.
The Charter was developed through unprecedented collaboration between estate agents, conveyancers, lenders, mortgage brokers and property data providers, all united behind a practical blueprint to improve the homebuying and selling process. Its focus is simple: reduce delays, improve transparency, encourage earlier access to key information and create greater certainty for everyone involved in a transaction.
For OneSearch, the Charter’s commitment to trusted data, upfront information and better collaboration across the transaction chain closely aligns with our own mission to help conveyancers make informed decisions quickly and confidently. As a member, we’re excited to play our part in helping drive positive, lasting change across the industry.
As Robert Steadman, Sales Director at OneSearch, explains:
“The initiative represents a significant opportunity for the industry to come together and accelerate positive change in the homebuying process. By improving access to trusted property information and encouraging greater collaboration across the transaction chain, we can help reduce delays, increase certainty and ultimately deliver better outcomes for consumers and property professionals alike. We’re proud to play our part in helping shape the future of property transactions.”
The challenges facing the homebuying process won’t be solved overnight, but the Charter represents an important step towards a more efficient, transparent and predictable future. By working together, the industry has a genuine opportunity to reduce friction, lower fall-through rates and improve the experience for buyers, sellers and property professionals alike.
To learn more about the Project 28 Charter and its eight commitments, visit the official Charter website.
On Friday 19th June 2026, the Ministry of Housing, Communities and Local Government (MHCLG) announced a package of reforms, shaped in collaboration with industry, to transform the property transaction process in England and Wales.
The reforms follow a public consultation that ran from October to December 2025 and set out a phased roadmap to make transactions faster, more reliable and less likely to fall through.
Let’s spend five minutes tackling what the announcement is, and why it’s a vital step in the right direction.
What is changing for conveyancers?
The most notable change is a mandatory requirement for sellers to compile upfront sales packs before a property is listed. These packs must include:
- Standard property searches
- A property condition assessment
- Title information and seller ID verification
- Leasehold terms (where applicable)
- Flood risk, planning consents, and chain status.
This means key information that conveyancers currently wait weeks for should be available from the outset of a transaction.
When do these changes come into effect?
The reforms are being phased in across the remainder of this Parliament:
- Later this year: A Code of Practice for property agents and improved listing standards
- From 2027: Consultation on estate agent qualifications and expanded digital tools.
- By end of Parliament: Legislation requiring sales packs, binding contracts, and trusted digital property data systems.
There are no immediate mandatory requirements for conveyancers to act on right now.
Are upfront sales packs the same as Home Information Packs?
Conveyancers with longer memories will recognise the concept. Home Information Packs (HIPs) were introduced in England and Wales in 2007 and required sellers to compile key property information before listing, including searches and title documents. They were scrapped in 2010.
The Government’s current proposals share similar underlying principles – getting information to buyers and their legal representatives earlier – but the approach is different. Rather than a like-for-like revival of HIPs, the reforms are framed around a broader digital, data-led agenda, with mandatory sales packs forming one part of a wider programme of change.
Why do upfront property searches matter?
Searches sit at the centre of the reform agenda. Requiring them as part of upfront sales packs means conveyancers will have access to search data earlier in the transaction than has traditionally been the case, reducing the need to chase information mid-process and helping to identify potential issues before they cause delays.
To answer the burning question of “well what should we, as conveyancers, do now?”, the answer is nothing, for the time being, but be aware that the direction of travel is clear. Conveyancers who are already working with reliable, comprehensive search providers will be well placed to adapt as the reforms take effect.
The Ministry of Housing, Communities and Local Government (MHCLG) has today announced a broad reform programme, shaped in collaboration with industry, to transform the home buying and selling process in England and Wales.
The announcement follows a public consultation that ran from October to December 2025 and sets out a phased roadmap to make property transactions faster, more steadfast, and less prone to collapse.
For conveyancers, the implications are significant, and largely positive. Here is what you need to know.
What has been announced?
At the heart of the reforms is a mandatory requirement for sellers to compile upfront sales packs before a property is listed. These packs must include standard property searches and a property condition assessment, meaning key transactional information will be available to buyers and their legal representatives much earlier in the process.
Estate agents will also be required to include a defined set of information within property listings, covering tenure, title information, seller ID verification, council tax band, EPC rating, leasehold terms, flood risk, planning consents, chain status and more.
The broader reform agenda also covers digital property data, common data standards, trusted digital ID verification, and a longer-term move towards more binding contracts to reduce late fall-throughs.
Why does this matter for conveyancers?
For too long, the conveyancing process has been reactive by necessity. Critical information, such as searches, title details, planning history, and leasehold arrangements have typically arrived late in the process, often after an offer has been accepted. The knock-on impact creates delays, generates unnecessary enquiries and, at worst, leads to transactions failing entirely.
This is precisely the problem the reforms are designed to fix. As Liz Jarvis, Divisional Director of Legal and Search at Landmark Information Group, puts it:
“For conveyancers, the biggest challenge is often that key information arrives too late. When issues relating to title, planning, leasehold arrangements, or property condition only emerge after an offer has been accepted, delays become almost inevitable.
“The Government’s focus on upfront information and digital property packs has the potential to change that. By bringing together more of the information needed to support a transaction at the outset, conveyancers can identify issues earlier, reduce unnecessary enquiries and help transactions progress more smoothly.
“If implemented effectively, these reforms could help shift the process from one that is often reactive to one that is far more prepared and predictable.”
What does this mean in practice?
The roadmap is phased, so not everything changes overnight. The key milestones are:
- Later this year – A Code of Practice setting minimum standards for property agents, plus guidance on improving the quality of information in listings.
- From 2027 – Consultation on estate agent qualifications and expanded digital tools
- By the end of Parliament – Comprehensive legislation requiring sales packs, binding contracts, and digital systems for sharing trusted property information.
There are no immediate mandatory changes for conveyancers to act on right now. But the tide is already turning, and conveyancers who are prepared when it comes in will be in a far stronger position than those still looking for their footing on the shore.
Where do property searches fit in?
Searches sit at the very centre of this reform agenda. The mandatory requirement to include standard searches within upfront sales packs places search data earlier in the transaction than ever before. For conveyancers, this means the information you currently spend time chasing mid-transaction should increasingly be available from day one.
That is a significant operational shift, and an opportunity. Conveyancers who are already working with reliable, comprehensive search providers will be well placed to adapt quickly and confidently.
“Safe Harbour.” We hear this term thrown around in conveyancing teams a lot, but what does it really mean? And is it something you have to do?
Over the years, property fraud has become quite the headache for conveyancers. Fraudsters have been selling properties they don’t own, running off with the cash, and leaving buyers high and dry. The Solicitors Regulation Authority even flagged vendor fraud as an emerging risk in its latest AML Sectoral Risk Assessment.
Naturally, after case law like Dreamvar, lawyers are pretty nervous about getting it wrong. It’s the case that changed the liabilities and responsibilities of lawyers and conveyancers when dealing with residential property transactions. For those who aren’t familiar with the specifics of the case of Dreamvar, here’s what happened…
A fraudster managed to sell a London property worth around £1 million by impersonating the real seller. After the sale, the fraudster (and the money) disappeared into thin air. Fortunately, the Land Registry caught the fraud when the transfer documents came through, so the title never changed hands.
But poor Dreamvar was left with no property and no cash, so they took legal action against their solicitors, alleging negligence and breach of trust. They also sued the fraudster’s solicitor for failing to spot the fraud. Initially, only Dreamvar’s solicitor was found liable, which seemed harsh to many, as the fraudster’s solicitor hadn’t done enough to verify their client’s identity under Money Laundering Regulations (MLR).
The case eventually made its way to the Court of Appeal. There, the judge determined that the solicitors representing the fraudulent property seller should also shoulder some responsibility alongside those representing the deceived buyer for any incurred losses.
Following this, the Law Society updated its Conveyancing Protocol. Now, if you’re acting for the seller (especially if you’re a Conveyancing Quality Scheme (CQS) firm), you need to:
- request details of the bank account for the sale proceeds and
- obtain evidence that the account belongs to the seller, showing that they have had and been using the account for at least 12 months and
- confirm proceeds will only go to that account
This is a great way to ensure the purchase funds are going to the correct person! But let’s face it, fraudsters are still out there trying their luck. Take the case of a Vicar in 2021, who came home to find his house gutted and the locks changed. Someone had stolen his identity and sold his home – and this time, the Land Registry approved the title transfer. It took him two years of legal battles to get his house back!
Safe Harbour protects conveyancers who might unknowingly get caught up in a fraudulent transfer, as the Land Registry won’t hold them liable. The aim is that, by applying the Safe Harbour standard properly, you’ll spot a fraudulent seller right from the start.
This is an excerpt of a guest article written by Kayleigh Smale, of Smale Compliance. To continue reading on the Safe Harbour Standard and its potential implications for your business, you can download our detailed guide: Mastering AML compliance in 2026, which is additionally packed with in-depth analysis and actionable information designed to help you navigate the world of Anti-Money Laundering effectively.
The SRA’s most current AML report marks a clear shift in enforcement. More inspections, more failures, and far less tolerance for underperforming compliance.
Here’s what the findings actually show, and what firms should be doing about it.
The numbers are difficult to snub. In the year to April 2025, the SRA carried out 935 proactive AML engagements, up from 545 the year before. Of the 833 firms reviewed, nearly one in three were non-compliant, and a further 54% were only partially compliant.
That leaves fewer than one in seven firms fully compliant with their AML obligations.
This is not incremental improvement. It’s systemic underperformance in an area where the regulatory, financial, and reputational stakes are only increasing.
What the SRA found
The report identifies several areas of consistent weakness across the firms it reviewed. None of them are new. What’s changed is the SRA’s tone, the specificity of its findings, and its willingness to act.
Risk assessments are still failing in practice
Up to 39% of reviewed files did not effectively assess AML risk. Firm-wide risk assessments exist on paper but aren’t being applied at client level. High-risk matters are progressing without the senior oversight they require. Defective AML policies, controls and procedures contributed to a significant proportion of enforcement outcomes.
The SRA has been explicit: it expects risk assessments to inform decisions, not just document them.
Identity verification is inconsistently applied
Documents are missing from files, checks are relaxed for familiar clients, enhanced due diligence is not being triggered when risk indicators are present.
Emerging threats, including deepfake ID fraud and remote onboarding risks, are exposing gaps in already inconsistent processes.
Source of funds checks are being treated as a formality
The SRA’s thematic review found that, across more than 5,800 client files reviewed, 11% lacked source of funds checks entirely and 18% showed inadequate scrutiny.
Firms are collecting documents but not reviewing them. The distinction between source of funds and source of wealth is still not being applied consistently, even in higher-risk matters.
Ongoing monitoring remains the most overlooked obligation
For many firms, AML compliance still ends at onboarding. There is no structured mechanism to revisit matters, reassess risk, or refresh PEP and sanctions checks as circumstances change.
The SRA has identified ongoing monitoring as one of the most effective controls available, and one of the most consistently absent.
Training and governance weaknesses underpin the gaps
Template policies are not aligned to real-world practice. Training is not consistently refreshed or embedded. Governance structures, including MLRO oversight, do not always translate into effective day-to-day compliance.
An intensifying direction
The scale of supervisory activity tells its own story. Scrutiny is increasing, and it’s not slowing down. The SRA engaged with nearly twice as many firms in 2024-25 as the year before, and it has signalled clearly that all firms should expect attention.
At the same time, enforcement is intensifying. Combined AML penalties exceeded £1.5 million in 2024-25, the highest total yet based on SRA enforcement outcomes. The number of cases referred to the Solicitors Disciplinary Tribunal rose sharply, and criminal enforcement is no longer theoretical.
The message is clearly that AML compliance is no longer a paper exercise.
The more significant shift however, is structural. The government has confirmed that the Financial Conduct Authority will become the single professional services supervisor for AML, replacing the SRA and other supervisory bodies. The SRA will continue supervising AML through 2026 while legislation is prepared, but the direction of travel is already clear.
The FCA’s approach is more data-driven, and backed by broader enforcement powers. Firms that treat 2026 as a year to prepare for FCA-level scrutiny will be far better positioned than those that wait.
What firms should be doing now
The SRA’s findings point to a clear set of priorities for firms that want to stay on the right side of compliance.
- Fix your risk assessment framework first
The firm-wide risk assessment should reflect how the firm actually operates: its client base, transaction types, and geographic exposure. It should be actively used, not filed and forgotten.
Matter-level risk assessments should be completed before work progresses, include clear reasoning, and link back to the firm-wide view.
- Stress-test your identity verification process
Are all relevant parties being verified? Are enhanced checks triggered at the right time? Is there a clear and auditable record?
As fraud risks evolve, reliance on manual document checks is becoming increasingly difficult to defend.
- Move beyond “box-ticking” on source of funds
Receiving documentation is not the same as assessing it. Firms must actively review what is provided, question inconsistencies, and document their conclusions.
Source of funds should be standard on every file; source of wealth should be assessed in higher-risk matters.
- Build ongoing monitoring into your workflow, properly
This requires a defined process, not good intentions. Whether through scheduled file reviews, case management prompts, or automated re-screening, firms need to ensure monitoring actually happens and that changes trigger reassessment.
- Strengthen training and governance from the top down
AML training should be current, relevant, and regularly refreshed. Policies should reflect how the firm actually operates, not generic templates.
Governance structures must support consistent application of AML controls across the firm.
Our 2026 AML guide
If this raises questions about where your firm stands, Mastering AML Compliance in 2026 provides a practical starting point.
It covers everything from risk assessments and identity verification to source of funds, Safe Harbour, the DVS Trust Framework, and the role of technology, written specifically for conveyancers who need practical guidance, not regulatory theory.
OneSearch AML is a digital AML offering built specifically for conveyancers. To find out more, visit onesearch.direct/products/onesearch-aml.
We are delighted with the response to OneSearch AML since we unveiled the product two years ago; we hope you’ve had the opportunity to explore yourselves into the solutions it can provide your firm when it comes to managing risk and protecting your firm.
We understand the world of Anti Money Laundering can seem overwhelming at times: new regulations, confusing jargon and acronyms… and that’s not forgetting keeping on top of ever-evolving fraud strategies. On top of all that, you may often find yourself explaining this to your clients as well.
To help you conquer compliance, and master your firms AML checks, we’re offering a downloadable guide packed with practical advice and best practices for conveyancers.
In our guide, you’ll learn about:
- Understanding your KYC/AML Obligations in 2026
- A comparison of Manual vs Digital AML Checks
- A detailed explanation about the Safe Harbour Standard
- A guide to the most common AML phrases and what they actually mean
And also: - A full breakdown on the features and benefits of OneSearch AML, the most comprehensive anti-money laundering solution on the market.