Property News · October 25, 2019

Revealed: the plan to end gazumping in house sales


Homebuyers and sellers could be required to sign £1,000 reservation agreements to make it harder to walk awayCould this mean an end to the heartache and expense of a house sale falling through? A revolutionary new scheme that would require a homebuyer or seller who pulls out of a transaction without a very good reason to pay compensation is set to be trialled by the government early next year.Between a quarter and a third of all house sales fall through, resulting in huge amounts of stress and wasting hundreds of millions of pounds a year. Continue reading…

Source : theguardian.com
Read more…Revealed: the plan to end gazumping in house sales

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