The leading trade body for conveyancing industry, Conveyancing Association (CA), has launched together with HM Land Registry a new survey that aims to collect views on landlord/management company restrictions used to enforce covenants in leases. An example of such a restriction is the requirement of consent to assignment of the
Recent political endorsements have been announced to update the home buying process after claiming the system is 19th century conveyancing and is not fit for modern buyers and The Conveyancing Association (CA) have welcomed the proposal with open arms. The CA is the trade body for the conveyancing industry and
BDC 319 : Aug 2024
The leading trade body for conveyancing industry, Conveyancing Association (CA), has launched together with HM Land Registry a new survey that aims to collect views on landlord/management company restrictions used to enforce covenants in leases. An example of such a restriction is the requirement of consent to assignment of the lease. Most of these lease enforcement limitations are entered at the registrar’s discretion, who has to be satisfied that they are necessary or desirable. CA is therefore urging its member firms and all the other market stakeholders to give their views on this topic. The survey covers questions such as whether or not the landlord/management company restrictions are necessary/desirable, what are the difficulties in receiving information, the issue of costs, and whether HM Land Registry should cancel all restrictions until required by Statute. It will also look into the advantages and disadvantages of such restrictions and what HM could change in terms of policy. “The CA welcomes this opportunity for its members and other stakeholders to input into HM Land Registry’s consultation on restrictions. Being at the coal face conveyancers are ideally placed to provide the real life view on the impact of restrictions within the conveyancing process. We would urge our members and all conveyancers to respond to the survey and indeed to pass it on to their contacts and colleagues across the industry so that Land Registry has a clear picture,” commented Beth Rudolf, Director of Delivery at The Conveyancing Association. The survey is open until the 6th of February at snapsurveys.com/wh/s.asp?k=151239681269 and all responses are anonymous unless members choose to identify themselves in their comments. The Conveyancing Association is the voice of the specialist UK Conveyancer and the leading trade body for the conveyancing industry. It is a not-for-profit organisation and it works in collaboration with industry stakeholders to campaign, influence, and improve the conveyancing process.
Recent political endorsements have been announced to update the home buying process after claiming the system is 19th century conveyancing and is not fit for modern buyers and The Conveyancing Association (CA) have welcomed the proposal with open arms. The CA is the trade body for the conveyancing industry and have said they support all political parties who have talked about housing market reform which could lead to a shorter buying process. This left particular attention to fall on the Conservative party as in their manifesto it is clearly stated: `reform and modernise the house buying process` and `crack down on unfair practices in `leasehold.’ It is a complex time and the CA have recognised a lack of interest to bring back Home Information Packs but have emphasized that information needs to be upfront in order for the home buying process to be beneficial to everyone involved. The CA have urged political parties to engage with conveyancing industries in order to further develop their understanding on what is required to deliver a successful modern conveyancing process. The CA want to bring back binding offers which would mean those wanting to move to be assured their deal is bound to a specific time frame. Reservation agreements already in practice are similar to the concept and would involve affordable deposits being put down, and possibly any insurance policies to be undertaken by the seller. This way if they were to withdraw from the house, the purchaser’s expenses are covered. The association believe that by achieving the ability to offer upfront information to the purchases they can secure a binding decision on the mortgage, making a binding offer likely. CA are also working on a range of aspects including enhanced ID verification, completion certainty, secure portals for establishments, local search data and property logbooks. Their plan to modernise the home buying process and its subsequent strategic plan is something they believe can be the building framework for the future of the UK and its housing market. The belief remains that as soon as the UK catches up with countries such as Australia, who already offer efficient and fast digital conveyancing services the better off the UK will be. A buyer in Australia can sign a contract immediately, if they choose to do so, meaning the seller cannot withdraw on the basis another potential buyer is offering more money while the mortgage arrangements are being put in place.
