9 Jun

Home buying and selling process 'could see improvements'

Home buying and selling process 'could see improvements'

The process of buying and selling homes in the UK could be improved, it has been suggested.

According to the Building Societies Association (BSA), the industry can work together to achieve this.

The organisation, which is a trade association representing mutual lenders and deposit takers, has published the summary of a review of the issue based on discussions with representatives from the legal and conveyancing professions, as well as estate agents, surveyors and consumer bodies.

It noted that the change in government may provide "fresh opportunities" to make positive reforms.

Head of mortgage policy at the BSA Paul Broadhead praised the abolition of Home Information Packs.

He added: "Work must continue to ensure customers receive better value and an improved experience."

Mr Broadhead went on to suggest that a "key component" in the reforming process is the issue of providing the right information to the right person at the correct time.

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