8 Feb

Planning system reforms to impact on homebuyers

Planning system reforms to impact on homebuyers

People looking for houses for sale in the UK may need to be more cautious if proposed planning reforms are implemented.

Those planning a trip to the estate agent will need to be more diligent when viewing properties due to the risk of existing planning breaches, according to the Law Society.

The Localism Bill proposes strengthening the power local authorities have to tackle planning breaches.

Under the new bill, planning enforcement orders can be pursued at any time if a breach of planning control becomes known.

The existing property owner, regardless of whether they were responsible for the breach, will be liable to remedy it.

Law Society president Linda Lee said: "These reforms could have a serious effect on both the residential and commercial property markets.

"It increases the level of due diligence buyers would need to do."

Recent date from Co-operative Financial Services has shown an increase in interest from house hunters in the final quarter of 2010.

The number of brokers who experienced a boost in trade rose by seven percentage points in the latest Index of Mortgage Intermediaries.ADNFCR-1222-ID-800391822-ADNFCR

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