Major shake-up to house buying could speed up process by a month
The government has announced that it plans to make the home purchase system as the ları the biggest shaking to the householding system in the history of this country ”.
The proposals announced by Labour this morning promise to accelerate the purchase of a house for about four weeks, which are currently more than five months.
In accordance with plans, sellers and real estate agents will be asked to give vital information about a property, including the status of the house, rental costs and chains.
The government said that it would give more confidence to buyers for the first time to end the bad surprises that resulted in last -minute collapse ”and for the first time.
After months of negotiations, binding contracts can be presented to stop people from getting away from agreements.
Authorities believe that the proposed reform package can save an average of £ 710 to buyers for the first time, but they believe that people selling a house may encounter approximately £ 310.
Housing Secretary Steve Reed said that reforms, a subject of consultation, would help to önemli a simple dream into a simple reality ”.
Location, location, location The presenter Kirstie Allsopp said that the proposals were led to “a little hope ,, but some“ worrying elements ve and invited the government to focus on the “both elements” of the purchase and sales process.
BBC Radio 4 4, “Everyone should do everyone who needs to do,” he said.
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“If we just say we need more information and forcing real estate agents and sellers to give more information and quit it, it won’t work.”
Mortgage companies are often reluctant to accept the information provided by the seller, and the binding contract system can cause some problems such as seeing what the price of a property is, although it works effectively in many countries.
MS Allsopp added that consultation is only 12 weeks and the closure of December is a busy time for most of the year.
The Minister of the Community said that the current process for sellers and buyers is “a nightmare ve and that Labour’s reforms will promise that“ a big shaking of the system ”.
Miatta Fahnbulleh, the plan will half -failed transactions and the process will accelerate the process on average four weeks, he said. And Ms. Fahnbulleh, who tested how quickly the changes can be applied, said that the government will ın run on this issue ”.
He told me BBC Breakfast: “This is something we need to act on in Pace. We will consult our offers and then take action to fulfill the legislation in order to benefit from these great reforms all people passing through the process of purchasing and selling their homes.”
Other offers try to provide more clear information about real estate agencies and transporters by elaborating their registry and expertise to consumers. New compulsory qualities and a rules of application will also increase the standards.
The wider use of online processes, including digital identity, can help make it smooth by pointing to the Finnish digital real estate system, which can see that transactions are completed within two weeks.
The planned tremor was welcomed by websites and lenders.
Johan Svansstrom, General Manager of Rightmove, said: “The home movement process contains many fragmented parts and there is too much uncertainty and cost along the way.
“Speed, connected data and stakeholder simplicity should be key targets. We believe that it is important to listen to intermediaries as an expert on which practical changes will be the most effective, and we look forward to working with the government about this effort to improve the purchase and sales process.”
