It’s no secret that the process of buying and selling property is long-winded and full of pitfalls. The Government itself has acknowledged that the process is one of the most stressful experiences a person will go through.
With this in mind, the Government has published a call to evidence highlighting the inefficiencies of the house moving process as it pledges to “make it cheaper, faster and less stressful.”
The document outlines how the current process has become more complicated and drawn-out than ever and is prone to hold-ups and fall-throughs. It then invites anyone with an interest in the property sector, including home owners as well as professionals such as estate agents and conveyancers, to share their thoughts and opinions via email or by post before the 17th December 2017 deadline. You can also respond online via Survey Monkey.
This will help the Government in the coming year when they draw up new legislation around buying and selling a house, in line with technological developments and demands from today’s always on-the-go home buyers.
The foreword by Sajid Javid, Secretary of State for Communities and Local Government says, “People assure us that in 25 years’ time it will all be very different. But we don’t want to wait 25 years for change – now is the time to have a grown-up conversation about the changes we need, and how to make them happen.”
As well as asking questions about the process, the Government released statistics from its survey of 2,000 people who had bought or sold a home in the last two years. The findings highlight the impact of delays in the process and the frequent rate of purchases falling through due to factors such as gazumping.
We have summarised the key takeaways in this handy infographic to save you having to read the full 24 page report. If you wish to read the full Call for Evidence, it can be found at www.gov.uk