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Make the acceptance of an offer to buy/sell a house legally binding.

Submitted on Thursday 8th July 2021

Rejected on Monday 12th July 2021

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Make the acceptance of an offer to buy/sell a house legally binding.

Petition Details

Vote to make the acceptance of an offer to purchase a property legally binding rather than waiting until the point of exchange.

Additional Information

The current system allows a buyer or seller to pull out of the chain between offer acceptance and exchange, leaving many people in limbo for a long period of time or financially out of pocket.
This leads to people and families being let down.
I believe this should be changed to ensure that once an agreement is made (property is sold STC) this should be legally binding. Ensuring protection for both buyer, seller and the full property chain.


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This petition was rejected

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.

petition.parliament.uk/petitions/580334

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