Will the Law Society Code for Completion by Post apply to this transaction?

Will the Law Society Code for Completion by Post apply to this transaction?

• A. It applies only if both parties sign a separate agreement.
• B. No, it never applies.
• C. It applies to all transactions regardless of circumstances.
• D. Yes, unless either of the parties' lawyers state otherwise.

Answer: (D)

Completion by post is governed by a voluntary framework the Law Society provides to reduce risk when documents and funds are sent between parties after contracts are exchanged. It doesn’t bind every conveyancing deal automatically; instead it applies by default to transactions that use completion by post unless a party’s solicitor explicitly indicates otherwise. So, the transaction will be subject to the Code unless either party’s lawyer states that it should not apply. This reflects that the code offers standard safeguards, but an explicit instruction from the lawyers can override it.

Completion by post is governed by a voluntary framework the Law Society provides to reduce risk when documents and funds are sent between parties after contracts are exchanged. It doesn’t bind every conveyancing deal automatically; instead it applies by default to transactions that use completion by post unless a party’s solicitor explicitly indicates otherwise. So, the transaction will be subject to the Code unless either party’s lawyer states that it should not apply. This reflects that the code offers standard safeguards, but an explicit instruction from the lawyers can override it.