A government inquiry has been launched to help improve England's house buying and selling process.
The inquiry will examine the whole transaction process, such as buyer’s information, and the roles of conveyancers and estate agents.
Clive Betts, Chair of the Levelling Up, Housing and Communities Committee (LUHC), said:
“The process of buying and selling a home in England is often stressful for those involved.
“As part of this inquiry, we will look at the chief obstacles to improving the process of buying and selling a home.
“We will be keen to examine issues such as the time taken to complete a transaction and challenges in finding the right information.
“Topics such as a lack of transparency around conveyancing services, the payment of ‘referral fees’, and the weak regulation of estate agents will also be on our agenda in this inquiry.”
The LUHC hopes to achieve this goal by questioning several consumer, professional and industry bodies within the property sector.
Sheila Kumar, Chief Executive at the Council for Licensed Conveyancers said:
“We welcome MPs recognising the very great importance of reform of the home buying and selling process.
“Upfront information, digitisation and streamlining of the process will all be key in ensuring smoother, faster and more secure transactions that lead to better consumer outcomes.”
For more information about conveyancing, call our team on 01924 461 236 or email enquiries@kingswellwatts.co.uk