Early completion – Law Society Practice Note

The Law Society’s Practice Note on the Land Registry’s policy of early completion now appears on the Law Society’s website. Click on Early Completion Practice Note to read it. However, whilst the note explains in detail how early completion will work, there are no new, innovative ideas suggested as to how to deal with the new policy (and, in particular, how to deal with the greater risks that arise where a buyer is confronted with a seller’s charge that is protected by a “no disposition” restriction). For a full analysis of how to deal with early completion, read the June CPI Update, and the July CPI Update. Of course, there is not a hint of a suggestion from the Law Society in its Practice Note that the traditional system of relying upon solicitors’ undertakings should be dispensed with in relation to the “no disposition” protected mortgages – as many sage commentators think should be the case.