{"id":47283,"date":"2017-03-09T14:00:29","date_gmt":"2017-03-09T07:00:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-safe-to-pay-full-cash-amount-for-house-price-in-conveyancers-account\/"},"modified":"2017-03-09T14:09:09","modified_gmt":"2017-03-09T07:09:09","slug":"is-it-safe-to-pay-full-cash-amount-for-house-price-in-conveyancers-account","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-safe-to-pay-full-cash-amount-for-house-price-in-conveyancers-account\/","title":{"rendered":"Is it safe to pay full cash amount for house price in conveyancer's account?"},"content":{"rendered":"


\nWe are buying a home for \u00a3305,000 in cash and want to know if it would be better to pay directly to the seller\u2019s solicitorQ We are using a conveyancer to do our legal work when we buy a house for \u00a3305,000 in cash, but are concerned about the security of the funds for the purchase while they are with the firm before we complete the sale.Is there a way we can send the funds directly to the seller\u2019s solicitor to avoid this difficulty? I don\u2019t like to ask the conveyancer as it might appear we don\u2019t trust them. JHA It\u2019s not clear why you think your money will be safer with the seller\u2019s solicitor than with your conveyancer. Like solicitors, licensed conveyancers \u2013 who are regulated by the Council of Licensed Conveyancers (CLC) \u2013 are required to keep a client\u2019s money safely and separately from their business\u2019s money, typically in a specially designated client account at a bank or building society. That way, if the business were to go bust, the money in the client account would be off limits to any creditors of the business. In addition, licensed conveyancers \u2013 again like solicitors \u2013 are required to have professional indemnity in place to protect against possible losses. They are also required to pay into a compensation fund which would pay out, for example, if the conveyancer ran off with your cash or was negligent or dishonest in some other way. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Is it safe to pay full cash amount for house price in conveyancer’s account?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We are buying a home for \u00a3305,000 in cash and want to know if it...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-47283","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ciD","jetpack-related-posts":[{"id":109012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-paid-our-deposit-but-the-sellers-are-not-ready-to-exchange\/","url_meta":{"origin":47283,"position":0},"title":"We paid our deposit but the sellers are not ready to exchange","date":"July 15, 2019","format":false,"excerpt":"\r Should we be worried that our conveyancer has our money even though we can\u2019t yet proceed?Q I am writing to request your advice regarding the time difference between payment of our deposit and the exchange of contracts. 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On the completion date, my solicitor, Lawcomm,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lawyer-suspended-amidst-allegations-of-misuse-of-funds\/","url_meta":{"origin":47283,"position":4},"title":"Lawyer suspended amidst allegations of misuse of funds","date":"February 23, 2016","format":false,"excerpt":"\r An Auckland property lawyer has been suspended from practising while he faces allegations he misused more than $100,000 of client funds.The New Zealand Lawyers and Conveyancers Disciplinary Tribunal this month made an interim order...\r \r Source : nzherald.co.nz\/Property\r Read more...Lawyer suspended amidst allegations of misuse of funds","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lawyer-suspended-amidst-allegations-of-misuse-of-funds-2\/","url_meta":{"origin":47283,"position":5},"title":"Lawyer suspended amidst allegations of misuse of funds","date":"February 23, 2016","format":false,"excerpt":"\r An Auckland property lawyer has been suspended from practising while he faces allegations he misused more than $100,000 of client funds.The New Zealand Lawyers and Conveyancers Disciplinary Tribunal this month made an interim order...\r \r Source : nzherald.co.nz\/Property\r Read more...Lawyer suspended amidst allegations of misuse of funds","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47283"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=47283"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47283\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=47283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=47283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=47283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}