Make property buying fairer in England and Wales

Rejected 12 signatures

What the petition asks

Buyers and sellers can pull out of the property buying process at any stage prior to exchange. The innocent party/parties will then be liable for solicitor's costs and disbursements, which will often be large sums if matters have gone all the way to near exchange. They cannot reclaim these costs.

There are often delays caused by solicitors, managing agents or freeholders and these can impact on the process, often meaning it cannot proceed. Mortgage offers only last 6 months and often these cannot be renewed, causing the chain to collapse.

The law needs to be re-looked at to prevent the possibility for people pulling out at any time or to at least make it possible for the affected party to claim back their financial loss from the person who caused it.

Why it was rejected

It was not clear what the petition asked the UK Government or Parliament to do.

Petitions need to call on the Government or Parliament to take a specific action. You could start a new petition explaining clearly how you'd like the law on property sales to be changed.

Timeline

24 Mar 2017	Petition opened for signatures
4 Apr 2017	Rejected by the Petitions Committee

Key facts

Signatures 12

Status Rejected

Rejected 4 Apr 2017

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