Property industry urges sellers to instruct lawyers from the start

Pincher: Welcome pledge

Conveyancers, estate agents, surveyors and others have signed up to an ‘industry pledge’ that urges sellers to instruct a lawyer before, or at the same time as, they put their property on the market

The pledge – which will be publicised to consumers next month – represents a push to ensure as much information is provided as soon as possible in the buying process by parties and their professionals so that problems can be addressed early on.

There are recommendations for agents, lawyers, brokers, surveyors and valuers, as well as buyers and sellers themselves.

They include that buyers should secure their decision in principle early and instruct a lawyer before making an offer so their ID can be verified and money laundering checks carried out quickly.

It was created by the Home Buying and Selling Group (HBSG), a stakeholder body of around 120 organisations advising the government.

The pledge has moved on significantly from the original draft ‘memorandum for the smooth operation of the residential property market in the UK’ that we reported on in July.

The HSBG said that, while none of the advice in the pledge was new, “what is different is the industry has pledged to work together to offer consistent advice to all consumers, helping to ensure they play their part and the emphasis on securing information, which could affect a sale or purchase, sooner rather than later in the process”.

Among those to sign the pledge are: the Law Society, Conveyancing Association, Chartered Institute of Legal Executives, Society of Licensed Conveyancers, NAEA Propertymark, Royal Institution of Chartered Surveyors, Residential Property Surveyors Association, British Association of Removers and organisations such as National Trading Standards, the Property Ombudsman and the Property Redress Scheme.

Housing minister Christopher Pincher said: “I welcome this pledge from the industry and look forward to seeing it deliver a smoother and more efficient experience for all those looking to buy or sell their home.”

Other organisations and companies that want to sign up to the pledge should email:

Leave a Comment

By clicking Submit you consent to Legal Futures storing your personal data and confirm you have read our Privacy Policy and section 5 of our Terms & Conditions which deals with user-generated content. All comments will be moderated before posting.

Required fields are marked *
Email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Keeping the conversation going beyond Pride Month

As I reflect on all the celebrations of Pride Month 2024, I ask myself why there remains hesitancy amongst LGBTQ+ staff members about when it comes to being open about their identity in the workplace.

Third-party managed accounts: Your key questions answered

The Solicitors Regulation Authority has given strong indications that it is headed towards greater restrictions on law firms when it comes to handling client money.

Understanding vicarious trauma in the legal workplace

Vicarious trauma can happen to anyone who works with clients who have experienced trauma such as domestic or other violence, child abuse, sexual assault, torture or being a refugee.

Loading animation