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CA Strategic Plan report is welcomed by Landmark
15th March 2017
The Conveyancing Association’s (CA) Strategic Plan entitled “Building the framework for the future” has been welcome by Phil Natusch, managing director of the newly formed Estate Agency Services division of Landmark.
“The CA have tackled the home move head-on and the adoption of the ideas within the Strategic Plan across the property sector will have a positive impact on the home move.”
But Natusch warns “The CA is quite clear that no single intervention is going to scratch the surface of improving the home move. There needs to be a cohesive strategy across all stakeholders to effect the eight key changes identified.”
These include client verification, the provision of comprehensive information up front, more certainty over leasehold information, and greater transparency over the transaction via a communication hub.
One of the key stakeholders in this process is the estate agency sector who are already taking a proactive approach to client verification and the provision of more information up front (inc leasehold info) as part of their responsibilities under the Money Laundering and CPR regulations. Agents are required to ensure material information, information that would affect a would-be purchaser’s decision to buy, is provided at the point the property is listed.
More information is a win-win-win-win for the agent, vendor, buyer and solicitor. Agents and vendors evidence compliance with regulations; more informed and committed purchasers means fewer aborted transactions; sharing of information presents the opportunity to introduce the solicitor on day one and make a start on the legal process ultimately saving time on the transaction.
Natusch adds “One of the key objectives behind Estate Agency Services was to bring together the established range of products and services delivered to agents and look at other synergies and opportunities within the group.”
“Landmark already deliver several products and services that support the CA’s objectives, including comprehensive client verification, the digital collection of property details inc. leasehold information, and are looking at further opportunities to improve the home move process.”
CLICK HERE to read the CA’s Strategic Plan
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