Well what was that all about? After much anxiety in the High Street and the forecast death of the small firm conveyancer we read that the whole thing was a load of bollocks and the compulsory pack will now be meaningless and better still can be knocked together in about 15 minutes. After the SIPPS debacle where pension companies spent millions devising their products and organising seminars for the anticipated rush to put residential properties into pension schemes only for Gordon to change his mind at the last minute and scrap the proposals, this time Two Jags old department have done much the same to Rightmove, Countrywide and others (I must admit to some satisfaction to their plight).
The compulsory part of the packs will now be an Energy Rating which I think any Surveyor can do, local search and a copy of the Land Registry entries. What this does to help the Buyer I don't know and any solicitor with a PC and Broadband can organise this in no time for the Agent leaving the Pack Providers with nothing to sell.
The people I feel sorry for are the 300 poor sods who've shelled out a reputed £7,000 to be Home Inspectors and now will have nothing to inspect. Will the Government compensate them ? Answers on a postcard to You must be joking, P O Box 1, Luxury flat, Admiralty Arch, London
Monday, July 24, 2006
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