Submitted on Saturday 26th September 2020
Rejected on Thursday 8th October 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Modernise the house buying process to protect participants prior to exchange
The process for how properties are bought and sold in England is outdated and doesn’t protect the Vendor or Buyer should anyone change their mind. There should be a condition in place, that once an offer has been accepted on a property, both parties should enter in to a pre-exchange contract
The way it works at the moment is simply not fair and offers no level of protection to either party, until the exchange has been completed, by which point a lot of money has already been spent! By implementing some protection prior to the exchange it would reduce the likelihood of a person withdrawing from a sale, and would also prevent individuals reducing their offer close to exchange, as the Vendor would be protected by the pre-exchange contract.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
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.
You may wish to sign this petition which calls for the same action: petition.parliament.uk/petitions/323521
3.138.174.195 Sun, 05 May 2024 07:12:14 +0100
