Skip to Content

Will property conveyancing change.

Those in the industry have known for a long time that conveyancing can be improved; perhaps the time has come to change.

The government has asked for an eight week consultation period with the ‘industry’ to see how buying and selling a property can be faster and less stressful for those involved.

The Communities secretary Sajid Javid is the power behind the proposals and comes hot on the heels of his proposals to improve the letting market.

25% of all house deals fall through, causing a great deal of cost for nothing, a percentage of these are not the buyers fault, some are through gazumping, which is when the seller of the property accepts a higher offer, when this happens as part of a housing chain it can have a affect on other deals.

Under consideration is a ‘lock in agreement’ which would prevent the seller to accept another offer, these must have many other conditions to work as they can also hamper the process, reducing the urgency to push the deal through because the buyer know the seller cannot pull out.

Other aspect under consideration will be the improved use of technology and changes so that sellers are ready to sell, we have seen changes before to improve this back in 2007 we had the Home information packs, designed to do exactly this, some people loved them some hated them, they were even blamed in part for a fall in the market, they were pulled in 2012, all that remains of the pack is the Energy performance certificate.

The conveyancing process can be simplified, sellers and buyers can help speed up this process so to can the legal industry and estate agents if they can, it may take changes to legislation, to make this happen, perhaps market forces will help naturally, more people selling houses differently, more solicitors looking to see how they can speed up the process through IT, the government has already laid the foundations for online improvement with the e-conveyancing initiative - moving land registry online.

The image of the industry is appalling one in four people said they would use a different estate agent and one in three were not happy with their solicitor, this may be that the consumer did not know what they were doing, perhaps communication needed to be improved, but this is perhaps the point is people are dissatisfied with the service they receive they will go to a place where they get a better service, if it’s the process that has let consumers down then change the legislation if its needs it, if it’s the service provided by the industry, the industry must change or some will die.

Will property conveyancing change in ##LOCATION##.
Image Description
related news
recent articles
Flying Freehold

What is a Flying Freehold and should it matter?..

link

Neighbour Disputes | Trees and Hedges.

Neighbour Disputes can escalate to affect your life and enjoyment of your property, if handled in the wrong way they can cause tension and in some cases argumen..

Restrictive Covenants

Restrictive covenants - If you happen across a restrictive covenant in a contract, what is it and why is it in place?..

Property Ownership.

Property Ownership - Tenants in Common or Joint Tenancy?
Buying a property with a friend or partner, is one of the most exciting things but, with a house purch..

Government to introduce New Homes Ombudsman

The government announces a New Homes Ombudsman to protect consume..

link

Conveyancing | The Contracts.

Whilst most people hate the paperwork side of things it is important to go through the contract with your conveyancing solicitor...

Lifetime Mortgage.

Mortgages for life, may soon be an option...

Your rights as a Tenant

Tenant Rights. As a tenant, one of the most important steps to protecting your tenure is to take advice before you sign any agreement, any Landlord and tenant s..

Selling a house, what do I need to declare?

As part of selling a house or flat in England and Wales you must ..

link

Property Surveys.

Understand the different Survey options available to you if you are buying a property...

Understand Conveyancing Quotes

When you look for a conveyancing solicitor to act for you we recommend that you contact a few to compare price, obviously price is not the only factor you look ..

Choosing the right mortgage rate.

Fixed Rates and Discounted Rates on a Mortgage - One of the decisions you will make concerning your property, is what type of Mortgage you should choose, short ..

Image Description
Is there anything wrong with this page? - any amendments will receive accreditation - email us

Solicitors.com are not a firm of solicitors, and any content on the site should not be used in substitute for obtaining Legal advice from a solicitor regulated in the UK, Solicitors.com recommends that you contact a firm of solicitors to discuss your individual legal requirement. Whilst we strive to bring you accurate up to date content, all content on this site is not legal advice and is not guaranteed to be correct. Use of this site does not create a client relationship.

Information by area of law
Back to top