UK Parliament home

This petition was submitted during the 2015 to 2017 Parliament

View other petitions from this Parliament

Closed Change laws on house buying/selling make "accepted offer" legally binding

Closed on

Currently there is no law or anything legally binding once an offer is accepted, if the buyer pulls out at any time. Which can cause the loss of survey fees and solicitors fees to the buyer. An there is nothing the buyer can do to recoup these costs or any impact on the seller currently.

If this happens a few times this can result in the buyer losing thousands of pounds. A house is one of the biggest expenses and outgoings we incur in our lives. With this uncertainly in can put new buyers off as a house in not guaranteed currently until contracts are completed. An existing home movers off as they just can't take the chance of losing that additional money. Plus the seller and pull out currently with no impact to themselves currently.

33 signatures

Show on a map

10,000

Petition progress

View all updates for this petition, with the most recent first.

  • Petition closed

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 20 April 2017.