Advertisement

Trade body warns of delays to property search requests

The Council of Property Search Organisations (CoPSO) has called on the government to tackle the growing issue of delays in the provision of searches to homebuyers and their conveyancers.

According to CoPSO data, more than 35% of local authorities are taking more than 20 working days to process search requests and for many of these the delays are more than 30 working days, in some cases significantly more.

‘With the expiry of the stamp duty holiday at the end of March looming large, the progress of home purchase transactions is becoming increasingly time critical,’ said CoPSO chairman, James Sherwood-Rogers.

‘It is vital that the current delays in procuring searches at an increasing number of local authorities is addressed urgently; and we have no doubt that this needs attention at central government.

‘Responsibility for the operation of the housing market, and for local authorities come together with Robert Jenrick and this is the reason we have approached him for his direct intervention.

‘CoPSO fully understands the extremely difficult conditions that local authorities are having to deal with at this time, and is sympathetic to the resourcing challenges that they face against a backdrop of extraordinary demand caused by a hyperactive property market.

‘We have communicated with many of the authorities that have substantial backlogs and delayed turnaround times, and the feedback from the overwhelming majority is that they are under-resourced. With the expiry of the stamp duty holiday being primarily responsible for the overactive property market, and the chancellor stubbornly refusing to extend the deadline, it behoves central government to provide additional resource to local government to address the problem of search delays.’

Photo Credit – PhotoMIX-Company (Pixabay)

Jamie Hailstone
Senior reporter - NewStart

Comments

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Help us break the news – share your information, opinion or analysis
Back to top