The Home Buying and Selling Group
The HBSG is an informal mix of people across the property, legal and finance sectors all of whom passionately believe... Read more
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Overview
The HBSG is an informal mix of people across the property, legal and finance sectors all of whom passionately believe that by working together we can improve the home buying and selling process for consumers.
A key aim of the group is to streamline the information required to buy and sell a home from the start of the buying/selling process through to moving in and during home ownership.
For agents, specifically, this should lead to less chasing for information, better up-front information and compliant to NTSELAT and fewer fall throughs.
Problems we solve for agents
The Property Data Trust Framework group have agreed the draft wording of the framework, created a JSON schema and a standard API spec for property data to be collected upfront and shared between appropriate parties in a transaction.
Using this the HBSG BASPI, agents can:
1) Provide buyers with better up front information faster and digitalise it
2) Data can be exchanged by Agents and 3rd parties so that property data is findable, accessible, interoperable and reusable and will enable frictionless exchange of property data between software products and services, and will be supported by trusted information authenticating the provenance of that data
3) Electronic exchange of data will mean faster interaction between all parties leading to less fraud, faster workflow and fewer fall throughs And we inputted into the .gov Buying and selling guides which can be shared with consumers.
Reviews
There is no cost for taking part in the HBSG or for any of the work produced by the HBSG. 'Donations' of rooms for meetings, help with graphic design, PR and research is much needed
Setup / Onboarding
To participate in the HBSG simply contact the group through: https://homebuyingandsellinggroup.co.uk/contact/
Training & Support
To facilitate change, smaller expert teams have been set up to focus on areas which we have agreed will bring the greatest improvement to the consumer. You can read more about the work of these groups under the projects page, they include:-
- Providing more information prior to offer to avoid mis-selling and reduce timescales.
- Reservation agreements to reduce fall throughs and provide greater certainty.
- Improving the understanding of home movers and the education of property professionals.
- Reforming leasehold and estate rentcharges to create a better balance between the interests of the parties.
- Working together to identify issues with industry working practices and indentifying workable soltuions.
- HBSG Working Groups include. Leasehold; Reservation Agreements; Snagging Survey Group; Information Upfront Group; Property Logbook Workgroup; Property Data trust Framework; Education Group; Sustainability Group.
- All information and documentation is available through
https://homebuyingandsellinggroup.co.uk or https://homebuyingandsellinggroup.co.uk/working-groups/
Product range
HBSG have produced a data standard for exchanging property sale details between all parties including estate agents, conveyancers, lenders, surveyors etc. Details of the data standard can be found here:
https://homebuyingandsellinggroup.co.uk/baspi/
Coupled with the Buying And Seling Property Information is the Property Data Trust Framework to authenticate the provenance of the data provided, the schema for which is open source and available here:
https://github.com/Property-Data-Trust-Framework/schemas.
Solutions
Category
Departments
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