Connells embraces new Law Society conditions of sale
04 April 2011
Connells Home Conveyancing (CHC), part of the Connells Group, has welcomed the launch of new standard conditions of sale by The Law Society.
Now in its fifth edition, CHC will today adopt the new contract across its panel of solicitors and licensed conveyancers for around 30,000 completions that is handles each year.
Specifically, Connells’ Conveyancing Services Director Roger Wilson believes changes to the new contract will speed up the contract approval process, which is an important part of the conveyancing process.
As part of the revised conditions of sale, insurance risk is assigned to the buyer on exchange of contracts, following the common law position. Additionally, accredited firms who adopt the new contract as part of the Conveyancing Quality Scheme will not be able to add special conditions unless they are transaction specific, which should overcome a long standing challenge for conveyancers.
“Clearly there have been standard conditions of sale before, but they have had shortcomings, and additional conditions have proliferated as a result” comments Roger. “I am delighted with the changes made and Connells Home Conveyancing will be adopting the new contract immediately. I only hope that other lawyers and organisations will follow suit, so that more home buyers will benefit from this change.”
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Notes to editors
About the Connells Group:
Founded in 1936 and comprising of 464 branches nationwide, the industry-leading Connells Group is the second largest and most profitable UK estate agency network. In addition to operating under the Connells brand, the Group trades under other well-known local names including Allen & Harris, Bagshaws Residential, Barnard Marcus, Brown & Merry, Fox & Sons, Jones & Chapman, Manners & Harrison, Roger Platt, Shipways, Swetenhams, William H Brown, Sharman Quinney and Pattison Lane. As well as residential property sales and lettings, the Group has a comprehensive range of B2C and B2B services including new homes, mortgage services, conveyancing, EPCs, surveying, corporate lettings, asset management, land & planning, LPA receivers, auctions and relocations. The Connells Group is consistently named Best Large Estate Agency at the Estate Agency of the Year awards, winning the top prize for four of the past six years. It is also highly acclaimed in the New Homes category, winning Gold five times in the last six years, and in the Financial Services category for which it currently holds the Gold prize. For more information, please visit www.connells.co.uk