Selling house with legal fees and searches included

MovingForwards

It would also have to be declared to the buyers lender, but if home information packs weren't a success when trialled, why would your offer? The buyer would still do their own searches.

olbas_oil

Will your 'local/acceptable' solicitor be on the buyer's mortgage company's panel?, or are you going to restrict their choice of lender as well?

Now if you were willing to do your own structural survey, I'd be interested.

olbas_oil

MovingForwards said:

It would also have to be declared to the buyers lender, but if home information packs weren't a success when trialled, why would your offer? The buyer would still do their own searches.

I was in favour of home information packs, and very sorry that they ended up as the useless EPC. It seemed to be perfectly sensible that there would be a single reliable set of searches, and a survey, rather than each prospective purchaser doing their own. What was the real reason this didn't get adopted? Was it an overwhelming resistance to streamlining a process that so many earn fees from, because of the restrictive practices?

user1977

olbas_oil said:

MovingForwards said:

It would also have to be declared to the buyers lender, but if home information packs weren't a success when trialled, why would your offer? The buyer would still do their own searches.

I was in favour of home information packs, and very sorry that they ended up as the useless EPC. It seemed to be perfectly sensible that there would be a single reliable set of searches, and a survey, rather than each prospective purchaser doing their own. What was the real reason this didn't get adopted? Was it an overwhelming resistance to streamlining a process that so many earn fees from, because of the restrictive practices?

Does seem a bit odd, given that in Scotland, Home Reports have lasted quite well and we don't often hear grumbles about them.

MovingForwards

olbas_oil said:

MovingForwards said:

It would also have to be declared to the buyers lender, but if home information packs weren't a success when trialled, why would your offer? The buyer would still do their own searches.

I was in favour of home information packs, and very sorry that they ended up as the useless EPC. It seemed to be perfectly sensible that there would be a single reliable set of searches, and a survey, rather than each prospective purchaser doing their own. What was the real reason this didn't get adopted? Was it an overwhelming resistance to streamlining a process that so many earn fees from, because of the restrictive practices?

It was supposed to speed up the process, but the buyers still did their own surveys and searches, defeating the point of the sellers doing them.

Searches and surveys were still done, therefore not a fee related thing.

As @user1977 pointed out it's stayed in Scotland and does speed the process up as everything is available. Seeing the property report before viewing makes it a lot easier to rule in / out properties at the start, rather than weeks after having an offer accepted.