to main page send e-mail Last Updated:  Friday, July 20, 2018
                                           

The independent voice of the global moving industry

UK NEWS

Industry collaboration to improve the home-buying process

Apr 03, 2018
In the light of a changing property market, representatives from across the UK moving industry are working together to find ways to improve the process of buying and selling a home for consumers.

Motivated by a genuine desire to effect change, delegates from diverse sectors of the property industry have formed The Home Buying and Selling Group.

This informal group includes estate and letting agents, property lawyers, mortgage lenders and representatives of organisations such as Land Registry, the British Association of Removers, the Law Society, the Society of Licensed Conveyancers, the Conveyancing Association, Bold Legal Group, RPSA, Northwood, The Property Ombudsman, Rightmove, and the Building Societies Association.

The Home Buying and Selling GroupThe first meeting was held on 30 January, 2018 and chaired by industry expert Kate Faulkner of Propertychecklists.co.uk and hosted by TwentyCi, the property data and marketing technology company. At the meeting, members shared their experiences of problems faced by consumers when buying a home, and put forward suggestions for easing the situation, with government help where necessary. Matt Prior, from the Ministry of Housing Communities & Local Government was at the meeting to hear first-hand the wide-ranging debate.

Members are confident that if solutions are developed involving all of the industry from the start, huge differences could be made to consumers’ buying and selling experience.

The meeting highlighted that one of the biggest issues facing homebuyers is the uncertainty about timescales and whether the sale will fall through. 20-30% of sales do not complete. Research is now being carried out by the Group into the feasibility of creating certainty through binding offers or reservations, as well as ways to provide consumers with better data to help them make decisions.

To facilitate change, smaller expert teams have been set up to investigate providing more information before sale, creating more certainty at offer stage, improving the education of both consumers and people within the property industry, and ways to solve leasehold issues.

The Home Buying and Selling Group is due to meet again on 26 April, 2018.

Information supplied courtesy of the British Association of Removers


     List of advertisers
     Directory of suppliers
     Sign up to our monthly newsletter
     Unique page views April 2018

           
  Maxi Mover - low floor Luton van sales
Cookies: This site uses non-invasive cookies to provide an enhanced visitor experience and to measure site performance.  By viewing this website you are agreeing to our use of cookies in this manner.  For further information on how cookies are used on this site, please see our privacy policy.
Privacy Policy  |  Terms of Use  All material © 2011 The Words Workshop Ltd.