Flint Bishop

Public being mislead on conveyancing choice warns Leics legal experts

The public are being mislead by mortgage lenders about conveyancing options thereby jeopardising one of the biggest financial decisions in their lives, claims a leading East Midlands law practice.  

Jim Abbott, a senior partner at Mander Cruickshank said the public needs to know that mortgage lenders are incorrectly advising clients they cannot use their own solicitor, leading to  a deluge of complaints to the Law Society.

Mr Abbott, whose firm has offices in Coalville and Hinckley, Leicestershire warned the situation was leading to property sales being rushed through with poor home buying reports. 

He said: "There is a one size fits all attitude which is leading to a very poor level of conveyancing."

He added that the price driven strategies, which often see people in the county dealing with solicitors who could be hundreds of miles away, is hindering local solicitors looking out for their clients interests.

He said: "Property transactions can be very complex and one of the most important purchases a person can make. Local firms act for their clients on the basis of making sure that every detail has been looked at correctly and the public need to know that these firms are there to act purely on their behalf." 

Mr Abbott's comments come shortly after the Law Society Chief Executive Desmond Hudson said their was a huge volume of complaints because of lenders staff incorrectly advising home buyers on who they could use.

The Law Society singled out Santander and The Mortgage Works, part of Nationwide, as the worst offenders, but said the problem is widespread.

Mr Abbott, whose practice has been in Leicestershire since 1923, added: "We are pleased that the Law Society has raised this concern. It is now our duty as solicitors to get this message as widespread as possible as it's far too important an issue for the public not to know about."

 

Bookmark and Share

Article published by Midlands Business News on 13 June, 2011

Submit your company news and photographs to Midlands Business News via email news@midlandsbusinessnews.co.uk or submit news and events online here.

midlandsbusinessnews.co.uk is an online Midlands business news network and we welcome submissions of your company or business related news articles and event notifications.

 

 

Articles submitted by Mander Cruickshank:



  • Paul is part of the partnership at leading Leicestershire law firm - click to read
  • Leicestershire lawyer calls for safety law for women - click to read
  • Legal experts calls for stronger regulation for law services - click to read
  • Legal experts calls on Government to stop mentally ill being jailed - click to read
  • Leics legal experts warn public to not risk their family’s futures through badly drawn wills - click to read
  • Legal Aid cuts leaving third rate system for most vulnerable, warns expert - click to read
  • Public being mislead on conveyancing choice warns Leics legal experts - click to read
  • Search the site

    News Article
    Search



    Faces behind
    the business

    Nick Beham

    Nick Behan



    PressVine
    The Maynard Hotel
    Incentive & Motivation
    Klick Solutions Media
    Gourmet life

    Need a Service?

    Search our Midlands
    Business Directory