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Worrying Increase in Fake Solicitors Receiving Funds in Conveyancing Transactions

The BBC has recently reported on its Consumer Website about the worrying increase in fake Solicitors receiving funds in Conveyancing transactions.

Susan Woodall, Solicitor and Head of Astle Paterson’s Conveyancing team noted that “Unfortunately this can happen when a buyer’s Solicitor sends purchase monies to a firm of Solicitors that doesn’t actually exist.

This type of fraudulent transaction could continue to increase if buyer’s Solicitors fail to take appropriate measures before proceeding with a purchase.”

At Astle Paterson as standard procedure we verify all Conveyancing firms that are personally unknown to us at the outset.  We check and double-check that the completion monies are being sent to a Law Society registered firm of Solicitors or a Conveyancing firm which are registered with the Council for Licensed Conveyancers.

“Whether you are buying or selling a home, you need to be able to trust your Conveyancing solicitor. Not only does Astle Paterson have an experienced team of Conveyancers ensuring that every aspect of the transaction runs smoothly, we are also accredited by the Conveyancing Quality Scheme meaning that you will get a high level of service complying with the Law Society standards” Sue concludes.

Should you be in the process of buying and/or selling a house then please contact Astle Paterson’s Conveyancing team on either 01283 531366 (please ask to speak to Jacky Lathbury) or by email at conveyancing@astlepaterson.co.uk and we will be happy to assist.

Finally, should you wish to read the BBC article then please click here.

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