The toolkit offers huge potential to speed up transactions, reduce fall-through rates and comply with Consumer Protection Regulations.
The information provided by the buyer will help to outline their funding position, fixtures and fittings and solicitor's details to allow the owner to give due consideration to the offer being put forward.
Choosing to sell properties by chain-free auction can avoid lengthy and uncertain buying procedures and save buyers time and money ahead of the Stamp Duty Land Tax increases in April 2025.
The Data (Use and Access) Bill was introduced to Parliament on 23 October 2024. It lays out the legal framework for Digital Verification Services (DVS) in the UK, which are long-awaited tools to speed up property purchases, reduce fraud and improve the experience of home buying and selling.
Agents working with landlords who want to sell a property with sitting tenants must be well-versed advising clients effectively on realistic pricing and the potential impact on the buyer pool, and with tenancy reform at the heart of the Renters’ Rights Bill, watertight paperwork and record-keeping will be more important than ever, for buyers, sellers and agents.
Propertymark, alongside organisations from the UK property sector, has reopened dialogue with the UK Government to outline three key actions Ministers should consider during this parliament: embedding the Unique Property Reference Number (UPRN) in public sector projects, enabling market adoption, and ensuring ethical data use.