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Only 25% of homeowners aware of seller&#39s pack

Only a quarter of homeowners are aware of proposed Gov ernment changes designed to speed up the process of buying and selling process, says a survey by Legal & General.

Major changes to the process are likely to come into effect in three years. The idea of seller&#39s packs for all potential buyers has yet to register with the public, according to L&G.

The company is urging IFAs to inform their clients about these potential changes because of the impact they would have on the homebuying process and has published a leaflet to aid advisers called the Government&#39s Review of the Home Buying and Selling Process.

Director (housing market) Stephen Smith says: “Estate agents and IFAs will play a key role in raising awareness of the new process.”

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