"The government has announced what it claims is the biggest shake-up to the homebuying system in history, promising to slash costs for buyers and cut transaction times. Proposed reforms include requiring property sellers and estate agents to provide more information when a home is listed. This aims to reduce extensive buyer searches and surveys. Binding contracts could also be introduced earlier, reducing chain collapse risk."
"Further proposals seek to offer consumers clearer information on estate agents and conveyancers, detailing track record and expertise. New mandatory qualifications and a code of practice would also drive up standards. Housing secretary Steve Reed said the reforms, which are the subject of a consultation, would help make a simple dream a simple reality. The plans could transform the process of buying and selling homes in the UK and make it a lot more efficient with less risk involved (PA Archive)"
The Independent covers subjects from reproductive rights and climate change to Big Tech while producing investigations and documentaries and maintaining free access without paywalls. The outlet seeks donations to fund reporters, support bipartisan coverage, and keep journalism available to all. The government has proposed a major overhaul of the UK homebuying system aimed at cutting buyer costs and transaction times. Proposals include requiring sellers and estate agents to provide more listing information, introducing binding contracts earlier to reduce chain collapse risk, offering clearer consumer information on agents and conveyancers, and imposing mandatory qualifications and a code of practice to raise standards. A full roadmap will follow consultation.
Read at www.independent.co.uk
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