The New Conveyancing Protocol & the Practical Implications for Conveyancers

Introduction

The Law Society’s Conveyancing Quality Scheme is designed to improve standards of conveyancing practice, enhance conveyancers’ credibility and deter fraud.

This 5-hour course will examine the main aspects of a key pillar of the scheme: the Conveyancing Protocol, which was updated in August 2019.

One key objective is to provide a commentary on important elements of the Protocol and the implications for you in your day-to-day practice.

What You Will Learn

This course will cover the following:

• Regulatory requirements, including source of funds such as third-party contributions and verifying bank account conducted by the seller
• Advising sellers on completing information forms
• Identifying documents to be obtained and considered
• Taking steps to protect the interests of the buyer
• Addressing defects in title, missing documents (e.g. consents, guarantees, certificates, deeds)
• Preparing and receiving the contract bundle
• Additional enquiries: when to raise them and when not to
• Leasehold conveyancing - enquiries, managing agents, third party consents to sale
• Obtaining redemption statements, undertakings contained in the Law Society Code for Completion by Post (2019 ed.)
• What the Protocol says about the Lenders’ Handbook, lender requirements, reporting to lender and acting solely for a lender