Comments on: The Law Society finally plan on Improving Residential Conveyancing http://www.hip-consultant.co.uk/blog/improving-residential-conveyancing-the-law-society-123/ Tue, 31 Aug 2010 21:53:28 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Sharon http://www.hip-consultant.co.uk/blog/improving-residential-conveyancing-the-law-society-123/comment-page-1/#comment-7153 Sharon Sat, 19 Sep 2009 08:41:42 +0000 http://www.hip-consultant.co.uk/blog/?p=1082#comment-7153 Yawn....another consultation paper designed to improve the buying and selling process (but a very interesting article by David Pett).These have all been purportedly designed to benefit the consumer but it doesn't look like the Law Society have them at heart. Love them or hate them, whilst the implementation of HIPs may have left something to be desired, they are playing a major part in transforming an industry that has been left to its own devices for far too long. I am surprised by the Law Society's suggestion that solicitors should voluntarily subscribe to a 'club' that would use the same forms in the conveyancing process. The industry does not need yet another 'voluntary' scheme as there is far too much of that element already, creating continual confusion. I have always supported the idea of HIPs because I believe that the fundamental principle behind them is a sound one. I wonder therefore when we can expect some solid alternative proposals from Mr Grant Shapps on how the the Conservatives will enhance the conveyancing process, particularly now the Law Society seems to have come round to embracing them? Sharon Leasehold Life Yawn….another consultation paper designed to improve the buying and selling process (but a very interesting article by David Pett).These have all been purportedly designed to benefit the consumer but it doesn’t look like the Law Society have them at heart. Love them or hate them, whilst the implementation of HIPs may have left something to be desired, they are playing a major part in transforming an industry that has been left to its own devices for far too long. I am surprised by the Law Society’s suggestion that solicitors should voluntarily subscribe to a ‘club’ that would use the same forms in the conveyancing process. The industry does not need yet another ‘voluntary’ scheme as there is far too much of that element already, creating continual confusion. I have always supported the idea of HIPs because I believe that the fundamental principle behind them is a sound one. I wonder therefore when we can expect some solid alternative proposals from Mr Grant Shapps on how the the Conservatives will enhance the conveyancing process, particularly now the Law Society seems to have come round to embracing them?

Sharon

Leasehold Life

]]> By: Stephen Foden http://www.hip-consultant.co.uk/blog/improving-residential-conveyancing-the-law-society-123/comment-page-1/#comment-7050 Stephen Foden Tue, 15 Sep 2009 08:13:28 +0000 http://www.hip-consultant.co.uk/blog/?p=1082#comment-7050 Dear Sirs I entirley agree with David Pett's comments Prior to the implemenation of HIPs I formed a company trading under the style of "Spring". This company had property independently verified by conveyancers undertaking title checks independent of buyer and seller with the result that every property that came on to the market had a "property passport" - a guarantee of title supported by insurance. This enabled the parties to move straight to exchange /completion without the need for two conveyancers per transaction. A sensible solution one would have thought - but no. It was opposed by the Law Society to a point where they took disciplinary action against me to prevent me from operating such a system. A system that they now seem to want to adopt for their own benefit. Well there's a surprise. Stephen Foden Solicitor and former CEO of Spring Dear Sirs

I entirley agree with David Pett’s comments

Prior to the implemenation of HIPs I formed a company trading under the style of “Spring”.

This company had property independently verified by conveyancers undertaking title checks independent of buyer and seller with the result that every property that came on to the market had a “property passport” – a guarantee of title supported by insurance.

This enabled the parties to move straight to exchange /completion without the need for two conveyancers per transaction.

A sensible solution one would have thought – but no.

It was opposed by the Law Society to a point where they took disciplinary action against me to prevent me from operating such a system.

A system that they now seem to want to adopt for their own benefit.

Well there’s a surprise.

Stephen Foden
Solicitor and former CEO of Spring

]]>