The government has launched a consultation on changes to the home-buying process.
This includes enacting part of the Leasehold and Freehold Reform Act (LAFRA) on the provision of information for leaseholders and homeowners on private or mixed tenure estates, to protect sellers from unreasonable fees when requesting this information.
Commenting on the proposed change, Mark Chick, director of ALEP (the Association of Leasehold Enfranchisement Practitioners) and Senior Partner at Bishop & Sewell LLP said:
ALEP welcomes the consultation on reforming the home buying and selling process and in particular the promise to improve the provision of leasehold sales information. This is already an objective set out in the Leasehold and Freehold Reform Act 2024. We feel that the task of streamlining the conveyancing process should not be underestimated and we welcome the chance of stakeholders to engage in the best way of refining these measures.
We look forward to discussing further the opportunity for change and improvement in the conveyancing process, although do we note with caution the issues caused by previous attempts to reverse the emphasis by the introduction of ‘Home Information Packs’ and we very much hope that any proposed reforms will look to learn the lessons from the past in this area.
We look forward to engaging with government and other bodies to ensure that the chances to improve matters for all involved in the home buying and selling process, be they leaseholders, freeholders or property managers to bring about effective and lasting change.
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