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Apparently 1/3 of property chains fall apart before completion - that's a lot of wasted money on searches and solicitors. > I don't see how reforming (how?) a
by scrlk 3y ago
Apparently 1/3 of property chains fall apart before completion - that's a lot of wasted money on searches and solicitors.
> I don't see how reforming (how?) a system that is simple and cheap would help solve the "housing crisis".
Is there effective utilisation of the existing housing stock? Encourage people to move to ensure that their home meets their current needs. E.g. retired couple, children have left, so their current house is oversized.
Making property transactions less stressful for people would assist with this. I'm certain that there are people out there who would be open to moving, but CBA with dealing with the stress of being stuck in a property chain.
How? Just look up north to Scotland. Not a perfect system (e.g. "offers over"), but ahead of what England has to deal with when it comes to transactions.
- mytailorisrich 3y ago> Encourage people to move to ensure that their home meets their current needs. E.g. retired couple, children have left, so their current house is oversized. I'd wager that no-one has been put off moving house because of the legal procedure or over-stressed about it. Now, the actual moving day is stressful but that's the way it is...