Law Society Conveyancing Protocol Flashcards
(9 cards)
What kind of transactions does the Law Society Conveyancing Protocol apply to?
Residential conveyancing transactions involving the sale or purchase of a home by an owner-occupier. It is not appropriate for new build homes.
Is the Conveyancing Protocol mandatory?
No, it is voluntary for most firms, but mandatory for members of the Law Society’s Conveyancing Quality Scheme (CQS).
Who can use the Conveyancing Protocol?
Any solicitor or licensed conveyancer. However, those in the CQS must adopt it and undergo specific training.
What does Step 14 of the Protocol say about search delays?
If searches are delayed, the buyer’s solicitor must inform the seller’s conveyancer with reasons and expected timing.
What is the Protocol’s position on raising enquiries?
Only essential enquiries should be raised that are necessary to act in the client’s best interests. Enquiries should relate to facts, not opinions.
When must replies to enquiries be updated by the seller’s solicitor?
If replies were completed more than two months earlier, they should be confirmed or updated.
What happens if a solicitor raises non-compliant or excessive enquiries?
It may constitute a breach of the Protocol, and the seller’s solicitor is not required to respond to those enquiries.
What are examples of breaches of the Protocol?
Using non-Protocol “standard” enquiries indiscriminately, or asking for the seller’s opinion rather than factual information.
What are the consequences of breaching the Protocol for CQS members?
The Law Society may request an explanation and can impose monitoring or even removal from the Conveyancing Quality Scheme.