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Property legal services news
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Consumers could benefit from conveyancing changes
06 September 2010
Proposals to make it possible for solicitors to act on behalf of both parties during a conveyancing transaction could really benefit consumers, an article for the Law Gazette has highlighted. The writer, Rachel Rothwell, indicated that exchanges would be much swifter if the changes are made, which in turn could make the situation more cost-effective.
"Is there any danger to the consumer? Given that a solicitor conducting a conveyance is a highly qualified member of a regulated profession, there shouldn't be," she commented. Any difficulties are likely to remain with the solicitor themselves, not least because they have to act in the best interests of two parties, rather than one.
These comments came to light after it emerged that the Legal Services Consumer Panel has requested that the Solicitors Regulation Authority lifts restrictions on solicitors being able to act on behalf of both a seller and purchaser.
Posted by Chris Hardy
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