A look at the Law Society’s new code for completion

Table of contents

• Original news
• What prompted the review of the existing Code?
• What did the Dreamvar appeals decide about the code?
• Having regard to the established law on the meaning of ‘completion’ that conclusion is obviously right.
• What is the impact on solicitors acting for buyers and sellers?
• When are the changes effective?

Article summary

Property analysis: The Law Society’s new code for completion (code), which comes into effect on 1 May 2019, has now been published and confirms that the primary burden of verifying the seller’s identity is on the seller’s solicitor. Nic Taggart, barrister at Landmark Chambers and member of the Law Society’s Conveyancing and Land Law Committee, explains the reasons behind the new code.