Closed petition Make home sellers liable for costs incurred by buyers if they pull out

Buyers can spend hundreds of pounds thinking the property sale will go ahead.

More details

If the Seller pulls out before the exchange of contract, they should be liable for the these costs such as valuations and surveys which cost £100 or more and any other cost spent by the buyer thinking the sale will go ahead.

If 10 sellers pull out of the sale before contract exchange, a single buyer could potentially lose thousands on valuations, solicitors' and mortgage advisers fees etc. The buyer's bank lending the mortgage will also conduct a hard search against the buyer's credit file which can contribute to a lower credit score. It's not fair.

This petition is closed All petitions run for 6 months

51 signatures

Show on a map

10,000

Date closed 8 December 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.