Conveyancing Protocol

The Conveyancing Protocol is the Law Society's new 'preferred practice' for conveyancing transactions of freehold and leasehold residential property. This book contains the text of the Protocol and all the forms, guidance and formulae required.

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The Conveyancing Protocol is the Law Society's new 'preferred practice' for conveyancing transactions of freehold and leasehold residential property. The detailed steps of the Protocol and the new general obligations have been carefully drafted to assist solicitors to: - communicate openly with the parties involved in the transaction - maintain high standards of conveyancing - meet the necessary legal and regulatory requirements - agree timescales and reduce delays - streamline the process of conveyancing - adopt a common approach. These standard procedures for solicitors acting for the seller, buyer and lender are presented using the framework of a typical conveyancing transaction and, where appropriate, indicate when contact with other parties such as lenders, agents and brokers is required. This book contains the text of the Protocol and all the forms, guidance and formulae required by solicitors who adopt the Protocol, including newly revised editions of the Standard Conditions of Sale, 5th Edition and the Law Society's Code for Completion by Post. Compliance with the Protocol is mandatory for any firms accredited under the Conveyancing Quality Scheme.