We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
What happens if solicitor goes bust?
Comments
-
Before you instruct a solicitor, always check with the Law Society that the solicitor has his/her Practising Certificate. You can also do a solicitor check on the Law Society website. Alternatively, if you are dealing with a Licensed Conveyancer, you can check with the Council for Licensed Conveyancers (CLC) (Regulatory Body) whether the Licensed Conveyancer is licensed. You can also do this via the CLC website.0
-
LeonandAlison"This is one benefit of going with solicitors over Conveyancing firms"
The above poster is confused.
Both solicitors and licenced Conveyancing firms are very strictly governed by their regulatory bodies and all firms can be checked out via the Law Society or CLC as Kazza62 correctly points out.
Also, as Robert Sterling says, the clients' money never belongs to the Solicitor or Licenced Conveyancer - clients' monies are always held in a Client account.
Before instructing a firm all clients should check the Solicitors/Licensed Conveyancers' firm out via the governing body's website for their own peace of mind.0 -
Don't worry - the SRA appoint people to take over the firm and sort out the money if it goes bust. You would have to be incredibly unlucky for that to happen.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards