To ask the Scottish Executive what discussions it has had with the UK Government on reforming missives for housing.
Missives for the sale and purchase of property in Scotland consist of an exchange of formal letters framed by solicitors on behalf of the sellers and purchasers. The final formal letter concludes the bargain or contract between the parties. Scottish ministers cannot intervene in private disputes about missives between homebuilders selling new homes and individual purchasers.
The Office of Fair Trading published its report on homebuilding in the UK in September 2008. It found that homebuyers experience problems with issues around the sales process, including with missives. It concluded that homebuyers needed more protection when buying a new home. The Scottish Government welcomes OFT''s conclusions, and in particular, the commitment of the industry to developing a code of conduct by March 2010 that would address consumer protection issues including those about missives.
Of course, the regulation of the homebuilding industry is a reserved matter. I can confirm that the Scottish Government was fully involved in the development of the report and the UK Government response, which was published on 23 March 2009. The response is available at:
http://www.berr.gov.uk/whatwedo/businesslaw/competition/market-studies/page17610.html.