Conveyancing solicitor news – SRA’s conveyancing review
The SRA will attempt to target areas of conveyancing solicitor practice that might leave clients unfairly out of pocket or facing unnecessary delays.
No stone is being left unturned during the review – the SRA has visited 100 firms across the country, including at least one in Sussex, and will be liaising with the Council of Mortgage Lenders, the Land Registry, and the Law Society.
As part of the review, the SRA will update and amend its draft supervision and enforcement strategy.
“It is clear that we need to continue to target resources on conveyancing, both to assist firms in managing their own risks and compliance and to identify and prevent dishonest behaviour; either by third parties seeking to use solicitors’ firms for fraudulent transactions or by a small proportion of firms themselves,” said the SRA’s director of policy.
However, the main focus of the review will be to promote the best interests of conveyancing solicitor clients allowing them to compare solicitors practices and costs on a level playing field.News