This petition was submitted during the 2017–2019 Conservative government
Petition Protect house purchasers/vendors with a defined process/law & financial penalty
A few years ago I ‘sold’ my property 4 times but only the 5th sale completed.
A property purchase/sale is the single biggest transaction but there is no law to protect buyer or seller, the industry relies on morales.
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Purchasers need to be given a cooling off period and then after this there should be defined criteria or extenuating circumstances for pulling out.
Vendors should not be allowed to pull out of a sale except for extenuating circumstances.
There should be a financial commitment prior to exchange which reimburses loses.
This petition is closed This petition ran for 6 months