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No duty on buyer’s conveyancer to investigate seller’s credit status

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Published on: 04 March 2015

Published by a LexisNexis Property expert

Table of contents

Original news
What were the key facts?
What was the issue involved?
What did the court decide?
Extent of solicitors’ duty
Client’s experience
Bankruptcy and Land Registry searches
Causation
What are the implications of the decision for solicitors?

Article summary

Property analysis: What is the extent of a solicitor’s duty to its buyer client in relation to the seller’s potential credit risk? The High Court decided a firm of solicitors had given adequate advice to an experienced client in pointing out the risk. They were not under a duty to check the seller’s credit status before exchange.

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