Require home buyers pay a deposit to seller after mortgage approval

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Petition Action

Require home buyers pay a deposit to seller after mortgage approval

Petition Details

I think that the home buying process in England needs reform, to ensure that, once a sale has been agreed, buyers cannot easily pull out.

Additional Information

If buyers were liable to pay a deposit after having a mortgage accepted, it could help stop time wasters. This is done in other countries and stops people from withdrawing from the sale.

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