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Home buying and selling process - consultation on reform

This consultation ends shortly, and it will be interesting to see outcomes of the Government's review of surveys undertaken.

Many involved in property transactions have questions about the verification of material information at the point of first marketing, although we generally are keen to see reform, given the delays to property transactions and risk of sales not proceeding, understandably disappointing for those wishing to move.

Closer collaboration between all involved, and the adoption of technological solutions to delays in corresponding with one another, are key.

When you look to other countries' systems, where transactions take 2 to 4 weeks, and the Scottish system as a good example of how to avoid transactions failing, it is time to address the way conveyancing in England and Wales works.

Each year, around 1.2 million residential property transactions take place in the UK with support from estate agents, conveyancers, surveyors, mortgage lenders, and many others across the professional sector.

Tags

individuals, property