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Land Data calls for Government to make Official Authoritative Searches compulsory in all home buying transactions
20.05.10Land Data fully supports the new coalition government's swift decision to suspend Home Information Packs with immediate effect and asks for official authoritative searches to be made compulsory in all conveyancing transactions.
Jan Boothroyd, Land Data Chief Executive said that Home Information Packs almost immediately became synonymous with price and the reduction in price was mirrored by a reduction in the quality of property searches contained within the pack. Ultimately this exposed consumers to incomplete and out of date information, often insufficient for the needs of a buyer. This in turn led to the buyer's conveyancer ordering searches for the property again and the unsatisfactory situation where the seller and the buyer were both paying for searches.
Land Data believes consumer interests are best served by official, indemnified authoritative data from local authorities, water authorities, Land Registry and The Coal Authority. Further more, consumers should only pay for this information once and have the right to expect it to be up-to-date, complete and available at the point in the conveyancing transaction that they need it.
With the removal of HIPs there is an opportunity for Government to look at new initiatives to improve the home buying process and Land Data believes making official searches compulsory will not only protect the home buying public from poor search practices but will bring instant clarity to a confused market.
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