The Law Society has postponed the compulsory use of the latest property information TA6 form, which has been controversial since its drafting.
It was due to become mandatory on January 15, but has been postponed as the association spends time considering its response to the consultation.
Some carriers believe that the 5th edition form and the important information it requires exposes them to legal liability. The new form reflects trading standards guidance and estate agents are expected to ask sellers to complete the form much earlier in the sales process than previously.
Many carriers worry that they will be held liable if the information or advice provided by their attorney is later found to be inaccurate.
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At one point in the summer, the association's communicative members threatened to pass a motion of no confidence in two of the association's key executives, chief executive Ian Jeffrey and chairman Nick Emerson, if action was not taken. Ta.
Now, the association, a trade association for lawyers and conveyancers, has determined that more time is needed to complete the form.
“Conveyancers may continue to use both the 4th and 5th editions of the TA6 Real Estate Information Form beyond January 2025,” it states.
It has become clear that January next year is not a realistic date. ”
Jeffrey said: “We are currently working through the large amount of feedback we collected during this process and want to thoroughly consider everything.
“It has become clear that January next year is not a realistic date to analyze all the evidence and take the next steps to ensure the best possible outcome,” he says. .
“We have therefore decided to extend the period during which both forms will be available until that work is completed.”
Law Society begins discussions with carriers over controversial TA6 form