Rejected petition Once a property offer is accepted, vendor or buyer couldn't pull out of choice

Currently buyer OR seller has the option to pull out even on the day exchange/ completion. I know many people who have lost their future homes and also lost money on searches, valuation, solicitors, planning causing them and their families a lot of anxiety and stress.

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I have seen in the last 2 years of my property investment journey that there is a need to regulate an area in our law of property buying & selling (within England/ Wales).

This regulation will not only help families & investors to make serious buying / selling and will eliminate any time wasters.

Also I spoke to few friends who tried buy homes / properties and at the very last minute vendor pulled out that caused them a lot of stress as they lost their hard earned money for nothing

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

https://petition.parliament.uk/petitions/229012

We only reject petitions that don’t meet the petition standards.

Date submitted 7 November 2018
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