Conveyance and property negligence compensation
Conveyancing is the term for all the legal and administrative measurements involved in selling and buying property.
The negligence of solicitors, barristers and other legal advisers such as licensed conveyancers, commonly occur when the mishandling of a property, commercial transaction or the conduct of litigation has taken place.
Members of Accidents Direct have acted in solicitors' negligence claims in conveyancing and property matters such as trusts, easements, boundaries and title disputes; in probate matters; and also in the commercial field out of transactions such as the negligent handling of the sale of a company.
If you have been the victim of poor or negligent advice (professional negligence) received from your conveyancer or solicitor whilst undergoing a property transaction - you may be able to obtain compensation.
Most specialists are regulated by the Council for Licenced Conveyancers. This organization also deals with complaints against their members. They run a programme which allows a compensation sum up to £5,000.
Other firms are regulated by the Solicitors Regulation Authority (SRA). This body has its own complaints unit and will award payouts in certain cases.
The Law Society will only help if you’re complaining about poor service from conveyancing solicitors. They are unable to help if you’ve suffered financial loss due to negligence. Neither can they help if you wish to complain about someone else’s conveyancing solicitor’s conduct. All conveyancing solicitors carry professional negligence insurance.
Looking at the property sector, home income plans involve taking out a mortgage plan for your home that is part of an investment. This is known to be a high-risk financial product. The amount that is borrowed has an interest rate that is added to the loan, which is then labelled a roll-up loan. Thus, interest debt stacks up quickly.
As a result, this programme hardly ever worked and was impractical. Times of recession also fuelled a downfall with these policies, as the unemployed could no longer meet payments. Many struggled with this policy, as most customers were pensioners.
In 1991, the service was banned and several people were able to claim compensation for the poor investment advice they received.
Making a claim
Most legal advisors have excellent standards, but professionals do make mistakes. Accidents Directs can therefore offer you help with our no win no fee* services. We have a team of dedicated professional negligence solicitors who can advise you on your prospects of taking legal action against the party or parties who provided the poor advice.
We can deal with cases involving:
Failure to apply the requisite skill or knowledge
Failed transactions where loss has been sustained
Lack of diligence when dealing with a purchase or sale