New
property forms have been produced by the Law Society of England and Wales
Following an extensive consultation with the legal profession, the Property Information Form and Fitting and Contents Form have been updated to more accurately reflect the information needed by buyers and include some new questions which are often asked during the process of buying a house.
Following an extensive consultation with the legal profession, the Property Information Form and Fitting and Contents Form have been updated to more accurately reflect the information needed by buyers and include some new questions which are often asked during the process of buying a house.
FDC
Law Partner Jonathan Wood said “At present, we often have to write to a sellers
solicitor several times with further questions about the property. Hopefully,
more of those questions will now be answered up-front, helping to make the
process quicker and easier for both seller and buyer”
The new forms reflect feedback from lawyers and mortgage lenders
The new forms have been designed to improve the conveyancing process by obtaining more accurate and reliable information earlier in the transaction, smoothing the process for all parties involved in the process.
The Property Information Form has also been updated to take account of various changes including flooding, Japanese knotweed and the recently announced “Green Deal”.
Law Society chief executive Desmond Hudson said the forms were another example of the Law Society listening to the views of both consumers and the industry to develop a more beneficial and practical solution.
'Conveyancing is a complex process and anything we can do to ease the burden on solicitors and ultimately consumers is a great result. It was especially important that the final product was fit for purpose and accepted by solicitors and clients alike, so having input from our members early on was very valuable.'
The new forms reflect feedback from lawyers and mortgage lenders
The new forms have been designed to improve the conveyancing process by obtaining more accurate and reliable information earlier in the transaction, smoothing the process for all parties involved in the process.
The Property Information Form has also been updated to take account of various changes including flooding, Japanese knotweed and the recently announced “Green Deal”.
Law Society chief executive Desmond Hudson said the forms were another example of the Law Society listening to the views of both consumers and the industry to develop a more beneficial and practical solution.
'Conveyancing is a complex process and anything we can do to ease the burden on solicitors and ultimately consumers is a great result. It was especially important that the final product was fit for purpose and accepted by solicitors and clients alike, so having input from our members early on was very valuable.'
If
you are buying or selling a property, contact our Property Team on 01761 417575
(Midsomer Norton) 0117 916 1088 (Keynsham) or 01373 463311 (Frome)