The Council for Licensed Conveyancers (CLC) is giving the firms it regulates the option of deferring the regulatory fees they pay to help them cope with the coronavirus crisis
Firms can defer their Practice Fee and Compensation Fund contributions for April, May and June. They can then repay the deferred fees over either four or 12 months, starting in July 2020.
CLC Chief Executive Sheila Kumar said: ‘The property market, and hence conveyancing practices and their clients, have been struck very hard by the restrictions in place to control the pandemic.’
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