May 2014

Consultation on home reports

In February this year the Property Law Committee responded to the Scottish Government's consultation on home reports. The committee does not believe that the home report is meeting its original objectives, and anecdotal evidence from solicitors has shown that there have been many instances of sellers not being able to put their properties on the market due to the upfront costs simply being too high. The combination of this with a difficult selling market has in the view of the committee contributed to the rise in both repossessions and distressed sales.

The full response can be found here.