The Property Logbook Workgroup was established to formalise the role of a digital logbook in the home buying and selling process. The initial focus being the provision of Up Front Information.
We believe that encouraging homeowners to keep detailed records of all activity around their home, will enable a faster and more secure sale. It will also help to reduce the fall through rate by ensuring the correct information is available earlier in The Home Buying & Selling process. Participants in the group include suppliers of ‘property logbooks’ and interested parties from various stakeholders in the HBSG.
Since the demise of HIPs, there has been an explosion of ‘digital data systems’ in the property landscape and in particular the sales process. Homes increasingly have a digital presence themselves now, with many core services online.
Relationships with utilities, insurance companies, local authorities and other service providers are increasingly managed through web sites and apps, meaning data can be captured and held digitally, for use during sale.
The Property Logbook Workgroup was established in 2020
Since then the work group has established the Residential Logbook Association (RLBA). with support from the then MHCLG. The RLBA are working to create a consistent and regulated basis for residential logbooks. This will then enable them to integrate with different aspects of the property industry throughout the life of the property. A long term objective of the RLBA is for all residential properties to have a regulated logbook and all transactions to be supported by them. The RLBA is focused on the lifetime of a logbook, while the HBSG workgroup is focused on assisting the transaction process from start to finish. The work streams of the RLBA include, the home buying and selling process, mortgages and loans, lettings and rentals, new build, net zero/green deals, Local Authorities, Utilities, certification bodies and Land Registry.
The HBSG Property Logbook Workgroup, generally members of the RLBA, are working with other HBSG working groups and the wider industry. Their two main focuses are:-
1. How logbooks can integrate with the general market and help improve the buying and selling process for consumers.
2. How logbooks are treated along with other digital assets in the conveyancing process and How all digital assets are transferred though the process.
For any queries, please contact the chair, Tim Main