New property forms produced by the Law Society of England and Wales will make property transactions easier for sellers and buyers alike.
Following an extensive consultation with the profession, the Property Information Form (TA6) and Fitting and Contents Form (TA10) have been updated to more accurately reflect the information needed by buyers and include some new questions which are common additional enquiries during the conveyancing process.
The revised versions of the forms incorporate vital feedback from the profession including Conveyancing Quality Scheme (CQS) firms, the Law Society’s Property Section, Local Law Societies and other industry stakeholders such as the Council of Mortgage Lenders.
Chair of the Conveyancing and Land Law Committee Jonathan Smithers said the forms were a positive development for both practitioners and clients.
‘The new forms are a substantial revision from the previous versions, which is one of the reasons why they have been delayed a little longer than was first hoped. Constant revision and updating leads to uncertainty for professionals and clients alike so getting it right, rather than doing it quickly, was critical.’
The new forms have been designed to improve the conveyancing process by obtaining more accurate and reliable information earlier in the transaction, smoothing the process for all parties involved in the process.
The TA6 Form has also been updated to take account of various changes including flooding, Japanese knotweed and the recently announced Green Deal.
Law Society chief executive Desmond Hudson said the forms were another example of the Law Society listening to the views of both consumers and the industry to develop a more beneficial and practical solution.
‘Conveyancing is a complex process and anything we can do to ease the burden on solicitors and ultimately consumers is a great result. It was especially important that the final product was fit for purpose and accepted by solicitors and clients alike, so having input from our members early on was very valuable.’
Under the Law Society Conveyancing Protocol General Obligation 11, firms are required to use the most up-to-date versions of the forms. Senior responsible officers within firms are therefore encouraged to introduce the new forms as soon as practical.
The forms can be viewed on our website and are available to order from the following form suppliers:
The Law Society has produced a webinar on how to use the forms.