Almost eight in 10 property experts see homebuying reforms as positive

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Almost eight in 10 property professionals think mooted government reforms to homebuying and selling will be positive for the industry and consumers, according to a poll by Countrywide Surveying Services (CSS).
 

The poll, conducted during the latest CSS webinar, found that 77% of respondents were confident the reforms would have a positive impact, with 18% saying they were very confident and 59% somewhat confident.

The government has promised a £39bn housing programme — spread over a 19-year period, with the emphasis on ‘affordable homes’.

It will also set up a streamlined planning process around housebuilding in areas within walking distance of stations and making best use of underdeveloped land.

The Burnham government will give councils greater control over housing investment, and regional mayors more powers over planning, while promoting an increased focus on brownfield land.

Likewise, the government has promised help for first-time buyers through the Your First Home scheme, as well as a leasehold reform bill by Christmas.

Just 21% said they were not very confident that the changes would deliver positive results, while only 2% believed the reforms would never happen.

The findings were revealed during a CSS webinar examining whether upfront property information could provide the reform needed to improve the homebuying process.

Attendees were also asked whether Andy Burnham’s appointment made it more or less likely that the UK housing market would see positive change.

More than a third (36%) said the appointment made positive change more likely, while 16% believed it made it less likely. Almost half (48%) said it made no difference.

More than 300 property professionals attended the webinar, including surveyors, brokers and lenders.

The panel included Andrew Peters, associate director of technical services at Countrywide Surveying Services; Luay Al-Khatib, director of the RICS Future Innovation Hub at the Royal Institution of Chartered Surveyors; Joe Miller, chief executive and founder of Home Surveying Services; and Michael Holden, divisional director at Landmark Information Group.

The session was hosted by Matthew Cumber, managing director at Countrywide Surveying Services.

Cumber said the poll suggested the industry had moved beyond questioning whether the homebuying process needed to change and was now focused on how reform could deliver practical benefits.

“What these findings suggest to me is that the debate has moved on. There seems to be broad acceptance that the homebuying process can work better, but the more important question now is how we turn that ambition into something that makes a genuine difference to transactions,” he said.

He highlighted upfront property information, including condition reports, as an example of where reform could have an impact.

“Simply moving existing checks or documents to an earlier point in the process will only get us so far,” Cumber said.

“The greater opportunity lies in making sure useful information is available early enough, in a format that can be shared and relied upon by the different parties involved, rather than repeatedly requested as a transaction progresses.”

He said effective reform would require greater collaboration between lenders, surveyors, conveyancers, estate agents, brokers and technology providers.

“That requires lenders, surveyors, conveyancers, estate agents, brokers and technology providers to think about the process as a whole rather than improving individual parts in isolation,” he said.

“If reform can achieve that, there is a real opportunity to reduce avoidable delays while giving buyers greater clarity about the property they are purchasing.”


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