Do you know what thought did?
Hamish McLay
Specialists at relieving stress from property transactions - whether timing or cost, we make the difference!
He thought he had switched the light on and lit a candle to see! Is this what is going on in the world of conveyancing?
First of all though, last year, the world of houses didn't have the best of times. Building new houses slowed down, prices were falling, and interest rates were going up. So, when everyone looked ahead to this year, election year, they weren't expecting much good. Yet, here we are, finding ourselves in a year that's turning out to be full of surprises!
Following on from last week’s National Conveyancing Week, we're now stepping into the season of Spring and Easter. Wednesday even brings us the Vernal Equinox. Everything is looking lighter. It's interesting to think about whether things are starting to find some balance, especially with the government taking a step back.
Right now, things are a bit unusual. The Bank of England and politicians are sort of on standby, just observing. However, those involved in building and investing in houses aren't just waiting around. Despite the challenges from last year, they're pushing forward with new strategies to keep the momentum going. Sure, it's challenging, so they're thinking outside the box.
The good mortgage brokers continue to grab the best deals for their clients in these tough times with high interest rates. And the conveyancers, continue to be swamped. With all the new regulations, their workload never reduces; everything is way more complex.
Now here's where things get really tangled. We've got some big issues that need sorting out, yet it feels like there's a lack of urgency to address them. The Building Safety Law, while essential, has also left many scratching their heads. Then there's the whole drama with leasehold reform, making it nearly impossible for some folks to sell their homes because of skyrocketing costs, yet cannot afford the cost of living in them. Despite the challenges, neither the government nor the big companies are jumping in to help.
This brings us to the "stakeholders," so many groups trying to make a difference in the housing scene. Even so, it seems like not everyone is playing their part to make things smoother for buyers and sellers. Some are more focused on their own benefits, which ends up complicating things for everyone else.
领英推荐
Now here's a radical thought: if stakeholders stuck to their own tasks instead of stepping on each other's toes, things might improve. For instance, pointing fingers and telling others how to do their jobs, yet some can't seem to manage their own tasks efficiently. Estate agents are quick to blame solicitors for delays, then some of them are not playing fair, accepting secret deals from those same solicitors.
Imagine if everyone just focused on doing their part well, without meddling in what others are supposed to handle. The process of buying and selling houses has its own set path, and it's already complicated enough. If stakeholders concentrated on their responsibilities and worked together, we might see a smoother, more straightforward process.
You know what thought did? He thought he could do it better so he did just that.
So a slightly different focus for our podcast this week. Instead of telling people what they have to do, let us help people through the maze. An expert within the property world who has formed the FirstTimeBuyersClub.uk, will be joining us at 10:00am on Thursday in our Property Quorum. Wendy Gibson will be helping with the task “Common Homebuying Mistakes First (second) Time Buyers Can Avoid”
Regulars, Chris Gilsenan , our property investor/developer of Root Home fame joins our legal expert Juliet Baboolal LLB (hons), LLM construction from gunnercooke while, as always, Gareth Wax will be keeping the score.
Come join us.