Rat and Mouse
Thu
26
Feb
An espresso of dislike

A report, today, by the E-Homebuying Forum suggests merging conveyancing lawyers and estate agents into one single concentrated disliked profession. Its "Blueprint for the Future of Homebuying" seeks "Faster Certainty" in the homebuying process, by a combination of "Greater Transparency", "Greater Efficiency" and "Greater Commitment". Other specific suggestions include estate agency regulation, wider use of automated and electronic systems across the process and legally-binding pre-contracts with financial penalties. We like the last bit, but we're worried about the first. Estate agents are employed by the vendor, and their job is to sell a property. Lawyers are employed by the buyer, and part of their job is to warn the buyer why - on occasion - he shouldn't buy the property. You can read the document here.

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