The Conveyancing Association announces first completion of property transaction under ‘Conveyancer’s Code for Completion’.
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, yesterday (29th November 2017) announced the first house purchase/sale completion has taken place under the terms outlined in the CA’s own ‘Conveyancer’s Code for Completion’.
The first Completion of a property transaction has now taken place under the Code for Completion and was facilitated by two CA member firms, Convey Law and Attwells Solicitors LLP, on the 3rd November. The client was Miss Juliet Orr.
Lloyd Davies, Operations Director of the Conveyancing Association and Managing Director of Convey Law, commented:
“We are delighted to have been involved with the first completion under the Code with fellow CA members, Attwells. The vast majority of delays which cause home movers huge stress on the day of completion are in relation to funds being received late by conveyancers and being passed on late in the day on related transactions. This new procedure ensures that all funds are in place the day before completion and are held to order pending completion actually taking place. The home movers then get to move on the contractual time for completion between 12 and 2pm depending on the time specified in the contract. We are confident this form of practice will become commonplace and the norm within the conveyancing industry, and we are urging all enlightened conveyancers who care about client service, to adopt the Code for Completion.”
Read the news release 29th November 2017 in full from The Conveyancing Association click here.
You May Also Enjoy
Dispelling the top five biggest letting agent myths
Bank of England Holds Interest Rates at 3.75%
Average new-build value to surpass £400,000
Money and Credit – June 2026
Price of a sea-view home up 27% since 2019
