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PrimeResi is the journal of luxury property; the leading news, insight & opinion resource for the UK’s prime residential sector.

Published online daily, and in print quarterly.

Required reading for: luxury developers, buying agents & property finders, high-end estate agents,real estate investors,  and anyone professionally involved in the luxury property sector.

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PrimeResi Quarterly Journal

The handbook of the luxury property industry

Click on the cover to find out more

PRQ8

Current issue: Winter 2016/7

Next issue: due for publication in April 2017

Bankruptcy in Conveyancing: Where does the blame lie?

Vendor was made bankrupt mid-way through the sale process

Jonathan Titmuss examines an unusual case where the vendor was made bankrupt mid-way through the sale process. What are the implications for professional advisers in such a situation and could they be open to a claim of professional negligence?

Picture the scene – between exchange and completion of a property purchase, unbeknown to the investor and his legal adviser, the vendor of the property is made bankrupt. Unaware of the position the transaction proceeds to completion and funds are transferred in the normal way.  

In this case the transfer was

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