The Law Society has today announced it will postpone the use of the TA6 Property Information Form (5th edition, 2024) for six months while it consults its members.
The news follows mounting criticism of the Law Society on the new form and lack of consultation with property lawyers.
Law Society of England and Wales chief executive officer Ian Jeffery, said:
“Having reflected on the strength of feeling expressed by members on this issue we have this week decided to postpone compulsory implementation of the TA6 Property Information Form (5th edition) (2024) for accredited CQS members for six months while we consult members further.”
He added that ‘Conveyancing work is at the heart of a larger buying and selling process for homes and that process is undergoing long term change, driven by technological advances and public policy’. He explained that the Society plays a key role in supporting members through this transformation, and added:
“In this vein, the recent updates made to our TA6 form were intended as a pragmatic response to the National Trading Standards Estate and Letting Agency Team (NTSELAT) guidance on material information. We know that many firms have been gearing up to go live with the new form, with thousands of copies having already been accessed.
“However, we have listened to recent feedback and recognise that we have not yet persuaded enough of our colleagues on those particular changes, so we need to do more to communicate with the profession about them.
“To clarify, for the period until 15 January 2025 members will be compliant with our Conveyancing Quality Scheme (CQS) if they use either TA6 (4th edition, second revision) (2020) or if they use the new TA6 Property Information Form (5th edition) (2024).
“In the coming weeks we will consult members further about the content of the TA6 5th edition to ensure we understand the full range of member views. In the meantime, we know some members are using the new form or readying themselves to do so, and we would encourage them to continue in that way,” said Jeffery.