Submitted on Tuesday 10th January 2023
Rejected on Friday 13th January 2023
Current status: Rejected
Rejection code: duplicate (see below for details)
Change the law for being able to pull out of house purchases up to exchange date
We are currently attempting to purchase a house and sell a property at the same time. My partner and I were expecting to exchange any day now and instead, our chain fell through, as one buyer pulled out. There is no penalty to pull out at this late stage, and it results in losing a lot of money.
In some countries, for example Scotland, once the sale of a property is agreed, it then becomes a legally binding contract and the buyer is locked into the agreed deal.
In Norway, for example, there is a penalty fee which tends to be a percentage of the purchase price of a buyer is to pull out at the last minute.
We would like government to introduce a system/percentage fee that protects the seller from losing time and money through what is a very length and stressful process.
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.
We are sorry to hear about your experience, and hope you are able to move soon.
You may wish to sign this petition which calls for a similar action: petition.parliament.uk/petitions/624545
18.226.93.138 Thu, 21 Nov 2024 16:02:11 +0000
