Rejected petition Make an accepted offer on a house/property a legally binding contract.

The government urgently need to review the laws relating to buying and selling property Buying or selling a property is a very stressful experience. A change in the law would protect both parties against practices such as gazumping and attempts to drop the price by the buyer at the final hurdle.

More details

The current system gives neither party any security or confidence that the transaction will be completed, prior to exchange of contracts, which happens very late on in the conveyancing process. Should either party decide to withdraw prior to exchange of contracts, there are currently no penalties or requirement to reimburse the other party for any distress or financial loss incurred. The system in Scotland and in other countries protects both parties once an offer has been accepted. Why is there no such protection in England? Please sign this petition as a change in the law would prevent both parties from withdrawing without good reason, such as a survey revealing structural defects in the property, which can be months after an offer has been made and accepted.

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/231425

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

Date submitted 24 March 2019
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