About the consultation
We are seeking views on proposed revisions made to the Law Society National Conveyancing Protocol. The suggested amendments arise from:
- changes in the law or regulations
- issues that we know can create difficulties in practice
- matters that may be the subject of change in the future.
They include matters that have changed or assumed a greater significance. For example:
- increased concern about the status of those purporting to buy and sell, and fraud generally
- the development of an increasingly complex SDLT framework
- increased emphasis on the nature of leasehold transactions
- the high volume of lenders making changes to their instructions, particularly in relation to their leasehold requirements
- government focus on the number of failed transactions and the amount that this costs consumers
- the need for consumers to be given help to understand the buying and selling process generally.
Government recently published their response to the call for evidence on improving the home buying and selling process. You will see from our summary of the proposals that the governments intentions are wide ranging. One aspect includes the provision of time limits on some parts of the transaction including searches and leasehold information, so we are suggesting including some time limits in the protocol.
If you use the protocol, or have an interest in its use, we welcome your thoughts and suggestions.
The primary consultees are members of the Conveyancing Quality Scheme (CQS) who agree to use the Protocol as a term of membership.
The consultation closes at 23:45 on 14 May 2018.
How to respond
The survey is likely to take 15-10 minutes to complete.
Information provided in response may be published or disclosed in accordance with access to information legislation (primarily the Freedom of Information Act 2000, the Data Protection Act 1998 and the Environmental Information Regulations 2004). The Law Society will process your personal data in accordance with the Data Protection Act and in most circumstances. This means your data will not be disclosed to third parties.
All answers will be treated in strict confidence. Only aggregated results will be published so no individuals or firms can be identified.