Our Regulatory body the Council for Licensed Conveyancers (CLC) offer a compensation fund if you have suffered loss having instructed a CLC regulated practice and suffering loss of money or monetary value through dishonesty, fraud, negligence, or failure to account by a CLC regulated Practice for money received and the legal Practice is unable to meet its liability in full.
Each claim for compensation will be considered on its own merits and the CLC has an absolute discretion to decide whether to make any payment out of the fund.
The CLC have said of the compensation funds ‘It is a fund of last resort – before we accept your claim, we may require you to recover your losses by all other means available, such as by making an insurance claim or by taking court action. The CLC will not consider making a payment unless it is satisfied that a person has taken all necessary and appropriate steps’.
How to apply for compensation?
You should contact the CLC as soon as possible if you:
- are considering making an application for a grant (applications need to be made within 6 months after you have discovered you may have a claim) or
- are considering taking legal advice (since only in exceptional circumstances will the CLC make an allowance for legal costs claimed by an applicant)
Application Forms can be obtained from the CLC by email, or you can call 020 3859 0904.
Further information can be found at:
