The UK Government has announced what could be the biggest overhaul of the home buying and selling process in decades. The aim is to make transactions faster, more transparent, and less stressful for everyone involved.
The Royal Institution of Chartered Surveyors (RICS) has largely welcomed the proposals. Although urging caution to ensure any changes are practical and fair.
As a firm of Chartered Surveyors, Lea Hough is following these developments closely. Here’s what the proposed changes could mean for buyers, sellers, and property professionals alike.
What are the Proposed Changes?
Among the reforms are plans for sellers to provide more upfront information when listing a property, including details about title, lease terms, flood risk and condition. By giving buyers access to this information earlier, the hope is to reduce surprises later in the process and prevent sales from falling through.
There are also proposals to make contracts legally binding sooner, to improve standards for estate agents through new qualifications and codes of practice, and to streamline the legal checks that often delay completion.
Together, these steps could bring a welcome boost in confidence for everyone involved in a property transaction. The proposed changes may also streamline the current system, which can be slow, uncertain and costly.
RICS’s Response
The RICS has broadly supported the government’s direction, praising the focus on transparency and professionalism. However, they have also called for caution and balance in how these reforms are implemented.
While more upfront information will benefit buyers, it could place additional costs on sellers, who will need to arrange searches and surveys before marketing their property. The RICS has urged policymakers to ensure these requirements are practical and proportionate. The organisation has also highlighted the importance of clear guidance to avoid unnecessary duplication or confusion between agents, surveyors and conveyancers.
What It Means for Buyers, Sellers and Surveyors
If introduced successfully, these reforms could lead to faster transactions, fewer failed sales and a more trustworthy marketplace. Buyers would gain greater confidence in their decisions, and sellers could see smoother, more predictable sales.
For Chartered Surveyors, the changes may bring greater responsibility and visibility, as our reports could become a key part of the information made available at the start of a sale. At Lea Hough, we view this as a positive opportunity to further support our clients with clear, professional advice that helps bring transparency to every stage of the process.
For guidance on property surveys or valuations, contact Lea Hough Chartered Surveyors. We’re here to help you decide on the most appropriate report for your circumstances.
