The Court of Appeal has announced a ruling regarding the Dreamvar case which will make conveyancers accountable for their client's actions.
Ian Peach, Partner and Head of Residential Property at Coffin Mew, commented:
“In my view, this decision will not just affect Residential Property but the profession in general and I expect impact upon firm’s Professional Indemnity Insurance premiums moving forward.
“It highlights the need for seller’s solicitors to not just correctly verify the identity of the seller, but to also do their upmost to actually link that person to the property being sold.