The Conveyancing Association is setting up a working group to consider how to increase transparency, cut unnecessary delays and costs, and provide more information during the fraught house-buying process.
The move by the CA - made up of solicitors and licensed conveyancers who collectively conduct 20 per cent of property transactions and 70 per cent of remortgages in England and Wales - is in response to the expected ‘call for evidence’ on the home buying process from the Department for Business Innovation and Skills.
The CA’s new group will be made up of the executive, management committee and member firm representatives will create a ‘white paper’ to be debated at the association’s annual conference at the end of the year, and will form the basis of the organisation’s formal response to the BIS.
“We see the publication of its forthcoming ‘call for evidence’ by the BIS as presenting a real opportunity for the conveyancing profession to establish what we would like to see change and happen within the process” says Beth Rudolf, director of delivery at the Conveyancing Association.
“Given the depth and breadth of this Government initiative, this represents the chance to draw a line in the sand and to help formulate and develop how the conveyancing process should look like in the future. ... This feels like a pivotal moment for how the home-buying process develops.” she says.