Consumer Protection in Conveyancing
The Consumer Protection from Unfair Trading Regulations (as amended) (CPR) prohibit businesses from engaging in unfair commercial practices with consumers. The amended regulations came into force on 1 October 2014. Since then, they apply to ‘immoveable property’. As a result, they have a most important impact on the duties of solicitors in conveyancing transactions.
How this applies to conveyancing is the subject of a new Practice Note from The Law Society Law Society Practice note for CPR
In September 2015 the National Trading Standards Estate Agency Team (NTSEAT) produced revised guidance to estate agents – in connection with their obligations under the CPRs. That guidance replaces the Office of Fair Trading 2012 guidance. Even though the revised guidance has been prepared for estate agents and specifically states that it is not aimed at conveyancers or surveyors, it is suggested that parts of the guidance ‘may be relevant and helpful’ to surveyors and conveyancers. You may find it useful to read its guidance.
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