Plans to end gazumping with binding agreements in house sales shake-up
Sales agreements will be legally binding sooner and making sellers provide more home information up front are part of the planned changes.
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Notable Quotes
"The reforms will make the system 'faster, fairer and more secure.'"
— Steve Reed , Politician
"We're turning the page. Our reforms will bring this outdated process into the modern age, saving people time and money, and giving them the certainty they deserve."
— Sir Keir Starmer , Politician
"It's important for buyers to have consistent high standards of upfront information before binding contracts could be introduced."
— Mark Evans , Executive
"Speeding up homebuying isn't just about convenience - it's about helping more people complete their purchases with less frustration and fewer surprises along the way."
— Henry Jordan , Executive
Key People
Nationwide's group director of mortgages.
President of the Law Society of England and Wales.
Leader of the Labour Party and Member of Parliament for Holborn and St Pancras.
Housing Secretary who advocates for housing reforms.
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Sales agreements will be legally binding sooner and making sellers provide more home information up front are part of the planned changes.
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