Conveyancers are urging the Government to go further in its reform of the estate agency sector by mandating sellers to provide vital information upfront.
The Conveyancing Association has welcome government proposals to introduce minimum qualifications for estate agents, but said more ‘mandation’ is needed.
Eddie Goldsmith, CA chairman, said: “If we are being brutally honest, then we would have preferred a larger degree of mandation, particularly around, for example, providing certainty on completion with, for example, the use of our own Conveyancer’s Code for Completion.
“That said, it is very positive to see the Government referencing the need to improve completion, saying it will work with removal firms, conveyancers and lenders to see how it can improve the release of funds process.
“Also, in an area like cutting down on gazumping and the number of failed transactions, we would very much have liked to have seen mandation on the seller to provide vital information prior to viewing the property.
“Encouraging sellers is simply not enough.
“There are obvious benefits to ensuring that the information is collated prior to sale, not least because if it is all available at the point-of-sale there is very much less opportunity for the transaction to fall through.
“The estate agents we have asked say the biggest reason for fall-throughs is the frustration and stress caused by the delays in obtaining information and dealing with enquiries. Home movers simply give up. ”
The trade body has previously called for legislation to create a HIPs-lite style e-Home Report, similar to the Scottish system, that could be completed online.
- Editor’s note: Mandation is not a word recognised in many dictionaries, and in some the meaning is given as memorising something. In others it is a term used to describe men applying foundation makeup (similar to ‘guyliner’). It was first used by US politician Sarah Palin in 2010 as in “mandation of health care” to mean making something compulsory.