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Read more articles in: Mander Hadley, News

New pilot scheme will make property information available up-front

The Law Society has revealed plans to pilot a move that will see vital property information made available to buyers before they make an offer.

Currently, the ‘TA6 ‘form is completed by sellers only when they have accepted an offer for their property and the solicitor receives the contract pack.

The form is used by conveyancers to gather a range of crucial information about the property being sold, including matters relating to extensions and alterations, the supply of services, flooding, areas shared with neighbours, septic tanks and even issues such as the presence of Japanese knotweed.

The proposed TA6 Part 1 form will gather this information before a sale has been agreed in principle, giving buyers more information before they make an offer and potentially speeding up the transaction once an offer is accepted.

Stephanie Boyce, President of the Law Society of England and Wales, said: “Technological change in the conveyancing market has accelerated as a result of the COVID-19 pandemic.

“This project will continue that technological advancement and innovation, helping consumers, estate agents and solicitors to seamlessly collect key marketing information using the familiar but wholly digitised TA6 workflow.

“The answer to the questions in the new TA6 Part 1 will help to inform a buyer’s decision to purchase and will support industry-wide initiatives to begin the systemic collection of up-front information about a property.”

Jackie Prior, Mander Hadley’s Head of our Residential Conveyancing, said: “While this is a welcome move to increase transparency during the house buying process, we should not forget that the Government brought in Home Information Packs (HIPS) in 2007 but these were scrapped in 2010, primarily due to the cost to the seller of putting this together.

“Hopefully a new revised – shorter – TA6 Part 1 can be provided at the time of a viewing and avoid unnecessary expense and delay for buyers and sellers alike. We await the results of the Law Society’s pilot and hopefully, if the trial proves successful, the new scheme will soon be rolled out nationwide.”

For help with all aspects of residential conveyancing, please contact us.

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