Closed petition Make property offers legally binding like in Scotland

The Government should make the buying and selling of property fairer by making offers legally binding in England and Wales. This should put a stop to gazumping once an offer has been accepted.

More details

House prices are rising, along with the cost of living making it impossible for first time buyers and buyers with a budget. Schemes such as “help to buy” and “part ownership” are heavily flawed and do not do enough to support the buyer, particularly when you come to sell. It is currently legal for a buyer to have an offer accepted (in an already sparse market and usually above asking price) to then be heavily gazumped by a cash buyer who may not even plan on living there.

This petition is closed All petitions run for 6 months

44 signatures

Show on a map

10,000

Date closed 30 September 2022
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.