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Trading Standards Guidance to Address Conveyancing

January 25 2019

Choosing the right conveyancer can be a difficult process for house buyers and house sellers. A common trait of estate agents is to pass clients on to a recommended conveyancer and then take a percentage of the fee.

According to reports from Estate Agent Today, “32 per cent of home buyers complete little or no research on conveyancers and so choose those recommended by estate agents involved in the transaction”. Additional research by the news outlet also found that “59 per cent of those who accepted estate agent advice and used a recommended conveyancer were unaware that a referral fee was probably paid to the estate agency."

A method of cutting out the middle-service in this transaction is by going straight to a solicitor who can carry out the conveyancing service for you. This allows you to conduct your own research into the solicitor and deal directly with the conveyancer helping you carry out the transaction.

Next month, the Agency Team of the National Trading Standards will be delivering new guidelines regarding referral fees by estate agents. Whilst it is uncertain what the guidelines will suggest, it is hoped that it will generate an improved service not just to conveyancing, but to the property sector as a whole.

Grahame Stowe-Bateson are a reputable provider of conveyancing services throughout Leeds and Harrogate. To get in touch with one of our offices regarding the property services we can offer you, contact us on one of the following numbers:

·        Leeds City Centre - 0113 246 8163

·        Leeds Bramley - 0113 255 8666

·        Leeds Middleton - 0113 276 0044

·        Harrogate - 01423 562121

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