Petition Mandate a deposit from buyers on an accepted property offer

Upon an offer on a property being accepted, the buyer must pay a deposit, held by the seller’s solicitor to ensure a better rate of commitment from the buyer. There can be pre-defined circumstances where a refund of that deposit is appropriate.

More details

Thousands of house sales fall through each year, causing sellers a great deal of stress and anguish in the process. In a buoyant market; buyers are not fully doing their due diligence before making an offer on a property and there is little to no recourse if they simply change their minds. This is the biggest purchase most people will make in their lifetimes and should be treated as such. A legally mandated deposit will aid buyers treating their decisions with a much greater deal of commitment.

This petition is closed This petition ran for 6 months

13 signatures

Show on a map

10,000

Date closed 30 September 2021
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.