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London Conveyancing Solicitors

Conveyancing Protocol

The Conveyancing Protocol has been produced by the solicitors' governing body, The Law Society, for use in domestic conveyancing transactions of freehold and leasehold property. It sets out procedures to be adopted by all solicitors who use it. It is not compulsory, but we believe that in the overwhelming majority of cases it provides the best way of achieving a satisfactory transfer of ownership.

The aim is to ensure that the seller's solicitor provides the buyer's solicitor with as much information about the property as possible at the outset of the transaction. This is intended to narrow the time gap between the agreement of the sale and actual exchange of contracts.

The Conveyancing Protocol concentrates in the main on the dealings between the two firms of solicitors involved, and not with third parties such as lenders.

The Conveyancing Protocol prescribes standard forms of contract and Enquiries for both freehold and leasehold property. Both the seller and the seller's solicitor complete the Property Information Forms. There are other standard forms for use after exchange of contracts.

The Protocol is designed to help streamline and speed up the conveyancing process. Where possible and appropriate, it encourages solicitors to anticipate the next steps in the conveyancing procedure. Where the period between exchange of contracts and completion is very short, the delivery of documents normally submitted after exchange of contracts can be affected early, thus reducing potential delays.

We have a note dealing with the National Conveyancing Protocol where we set out the standard steps in a conveyancing transaction. Feel free to contact us for a copy to find out the processes and procedures involved.

Our experience has shown that it is helpful to draw attention at the beginning of the transaction to the areas of Finance, Surveys & Searches and Insurance.

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