Whether you are selling a property or have found your dream home to buy, one of the most frustrating elements can be the time it takes from having an offer accepted to the day the keys are handed over.
A past Government did seek to speed up and simplify the home moving process with the introduction of the Home Information Pack (HIP), although this was a short-lived exercise.
Currently a property transaction from memorandum of sales to completion takes, on average, about 12 weeks, although this can be longer in unusual or complicated circumstances.
Now the Conveyancing Association (CA) has launched a strategic plan to create a faster transaction process for home movers, with added fraud protection and more effective communication.
Not too dissimilar to a HIP in principle, the CA would like to introduce E-Home reports, which provide all the information needed to put a property up for sale. The association would also like to take advantage of technological and digital advances to speed up conveyancing, see reforms to the leasehold sector and request the lending processes be streamlined.
The CA announced it will be asking some members to run pilot schemes before lobbying Government to secure support in order to eventually mandate for a number of these changes.
It is said that moving home is one of the most stressful experiences in life and the Conveyancing Association, the trade body for the industry, wants to deliver significant improvements to the current moving process.