UK home buyers consider conveyancing process to be out of date

UK home buyers consider conveyancing process to be out of date

10:36 AM, 4th December 2015, About 9 years ago

Text Size

The legal conveyancing process undertaken as part of buying a home in the UK is often seen as too complicated and slow, according to a new survey.out of date

42% of home owners questioned felt their experience of the process was too complicated and slow with only 4% considering the process to be quick.

Furthermore, 23% felt the conveyancing process needed to be modernised and brought up to date, reveals the YouGov poll.

22% said they relied on the guidance provided by a solicitor when receiving the environmental search reports in order to understand the risks and important findings in the information they received.

37% agreed that the home buying process would be improved if all environmental search information was provided online rather than through the post.

However, 26% felt that not enough information was provided to them by their solicitor as home buyers are becoming increasingly aware of environmental risks that could affect properties, following significant flooding and other land based risks.

22% of home owners said they want easy to read information that can be absorbed quickly.

A spokesperson for Property 118’s landlord insurance provider Discount Insurance said: “It is important that property investors, as well as homebuyers, do their own research on an area and assess the potential risk associated with the region.”

“When buying a buy to let property, it is also important that landlords invest in specialist landlord building and contents insurance to guard against potential unwanted damage and costs in the future.”

Landlords insuranceWe can GUARANTEE to beat any like for like quotation for landlords insurance. Operated on behalf of Property118 by The Property Insurer in conjunction with Discount insurance. What’s more, by using our recommended Landlords Insurance providers you will also be helping to fund the running costs of Property118.com so you save money and our community benefits too. Everybody is a winner.

Click the button below for an instant Landlords Insurance quote

Get_a_Quote

OR

Use the form below to request one of our team gives you a Call Back

Landlords Buying Group Insurance Renewal


Share This Article


Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More