We are all aware that the process of selling one’s house can be a tricky business; especially if you are new to the game and aren’t aware of all the ‘hidden costs’ that one may incur in making the sale; however, a Manchester conveyancing solicitor has criticised a new bid by the government to put even more costs on to the process of selling a property.
The government aims to make the much-contested Home Information Pack compulsory in an upcoming Housing Bill, with new laws within the conveyancing world having been proposed, laws that would cause homeowners to pay approximately 600 simply to put their property on the market.
This move has been labelled a ‘disgrace’ by its opposers and one Manchester conveyancing solicitor has stated that it will ‘open up a can of worms’. The crux of the new law means that before a seller puts their property on the market, they must prepare one of the aforementioned Home Information Packs, or HIPS.
This will feature aspects of conveyancing that would not necessarily be required under normal circumstances, which includes a land registry documentation and surveyor’s report. Dependant on circumstances, a HIP could require up to and exceeding six weeks for proper preparation.
The Manchester conveyancing solicitor states that this law is an unnecessary addition to the conveyancing process, due to the fact that it will be much more hassle than it is actually worth. He states that if the person looking to purchase a property is aiming to borrow money for the buy, with almost all buyers in this position, then the bank or building society that they wish to borrow from will say that they have to use their own surveyor.
There is a certain element of subjectivity in the very nature of surveying, therefore if the two surveyors disagree on some parts of the process, which they inevitably will do, then unnecessary complications may arise.
It could be a financial nightmare for the buyer, and an administrative nightmare for a conveyancing lawyer despite it being all very well for the surveyors, who can clock up more billable hours when discussing such complications. The rule of, ‘if it ain’t broke, don’t fix it’ should apply, according to the Manchester conveyancing solicitor who states that we have a good system now.
With all this confusion and speculation surrounding the process of buying a house, it is essential that you receive the best legal advice that you can get; contact a Manchester conveyancing solicitor today, to see if you can make the conveyancing process just a little easier.
Finding a good Manchester Conveyancing Lawyer can be stressful and costly. If you are looking for Conveyancing Solicitors in Manchester then TakeLegalAdvice.com has a free service to match your requirements with the best law firm.
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