The government’s call for a pack of property information to be made available upfront during the sales process has been welcomed by an industry group. The Residential Logbook Association says the government’s clear support for encouraging property vendors to prepare detailed sales information about their property ‘upfront’ and prior to listing is to be welcomed.
The Levelling Up White Paper, released last week, says in a general introduction: “We will improve the home buying and selling process, working with the industry to ensure the critical information buyers need to know is available digitally wherever possible from trusted and authenticated sources.”
Then in the detail of the document there is a lengthier commitment which reads:”The home buying and selling process which can be expensive, time-consuming and stressful will be improved.
“Around a third of all housing transactions fall through, costing people hundreds of millions of pounds each year.
“The UK Government and the industry will work together to ensure the critical material information buyers need to know – like tenure type, lease length and any service charges – are available digitally wherever possible from trusted and authenticated sources, and provided only once. If necessary, the UK Government will legislate.”
Now the Residential Logbook Association says the government’s proposed Sales Information Pack could be produced via an RLBA-accredited property logbook before the sale process begins.