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TODAY'S OTHER NEWS

Government launches ‘How to sell’ and ‘How to buy’ booklets

The Ministry of Housing, Communities & Local Government (MHCLG) has launched its long-awaited ‘How to sell a home’ and ‘How to buy a home’ booklets. 

Similar to the ‘How to rent’ and ‘How to let’ booklets, these new resources are available online and are aimed at consumers based in England and Wales.

The 'How to sell’ guide covers the key steps of selling a property, lists organisations which can help and shows consumers where they can find further information. 

The 20-page guide also has a section covering 'How to choose an estate agent' as well as information and guidance on negotiating, choosing a buyer, referral fees and the exchange process.

The 'How to buy’ guide, also 20 pages and following a similar format, includes information on leasehold and freehold, mortgages, conveyancing and the completions process.

“These guides will be a very helpful source of information to consumers in understanding the house-buying and selling process,” says Mark Hayward, chief executive of NAEA Propertymark.

“Arming consumers with the right sorts of questions to ask will make them much more informed and the process easier in the longer term.”

The guides are part of the government's pledge to improve the homebuying and selling process, which includes other proposed measures such as introducing reservation agreements and clamping down on referral fees. 

The initiative has also seen the launch of the Regulation of Property Agents (RoPA) working group, which is being chaired by Lord Best, and is due to report back to MPs with its recommendations before the parliamentary summer recess.

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