Wednesday 3 February 2010

Property lawyers begin to recognise the benefit of home information packs

I am always on the lookout for evidence from property professionals that supports the view held by many that now the property market is picking up, the frequently attacked home information pack is actually beginning to fully deliver the benefits is was designed to confer.


As a solicitor I have always held the view that any mechanism that helps to place home sellers and buyers in a more informed position at the beginning of the selling process must be good new for consumers, and definitely worth saving. Delaying the legal engagement until the seller has found a buyer is a major cause of delay and makes little sense.


There are many solicitors around the country who are beginning to be vocal about the benefits of the HIP, one of whom London based, Jenny Khan, recently wrote:


‘As a conveyancing solicitor dealing with many conveyancing transactions on a daily basis we find the Home Information Pack useful in that it clearly lays out all the required information about a property. These forms could otherwise take weeks and even months to gather and in the pre Home Information Pack days the sale was delayed while the seller was gathering this information. In particular as a London Solicitor we are dealing with a significant number of leasehold properties which seem to be proceeding through to completions much more swiftly with the Home Information Pack in place’.


To hear this from a conveyancer is refreshing and hopefully this is a message that we will be hearing more and more as the HIP begins to bed in and there are more property transactions within which it’s benefits can be properly assessed.

1 comment:

  1. Conveyancing is the legal transfer of property from one person or entity to another. Although most people are aware that the conveyancing process involves a lot of contract signings and exchanges, few know much beyond that. In fact, the process entails a lot of different things but I wanted to ask you the major roles of a conveyancer and if we could negotiate or not?

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