Slightly lost in the background of the Dreamvar case is the practical point that until the technology catches up, the ever tightening of deadlines by which deals "must" be done, brings higher and higher risks. And that's not just for the solicitors: in reality it exposes nearly all those involved in such time pressured transactions to increased risk, including (legitimate) clients. Tight deadlines should not simply be accepted lying down. Unless there is a very good reason for them, which truly holds water, they should be resisted wherever possible. At least, for now.
I very much hope the stakeholders in the Conveyancing industry, and wider property world, include this simple point in their discussion of the issues the case has thrown up.
The trust of the consumer in the Conveyancing process is paramount and all stakeholders in the Conveyancing industry need to convene to review the judgement and formulate how best to address the issues. This includes the Land Registry, the Law Society, Solicitors, Licenced Conveyancers, Estate Agents, Insurers and also the Banks who should make it harder for funds to be transferred to fraudster’s accounts