Petition · past parliament
Create financial penalties for property buyers who pull out of purchases
Closed
47 signatures
What the petition asks
We want the Government to impose financial penalties on property purchasers who pull out of a purchase after submitting a final offer, unless there is a good reason. The fine should be paid to the seller.
Buyers pulling out after submitting an offer can have huge financial implications for sellers, and affect people's mental health.
Buyers should only be able to pull out of a sale if there is a good reason, such as serious faults being found following an inspection, not just because they change their mind or find another property.
Buyers should only be able to pull out of a sale if there is a good reason, such as serious faults being found following an inspection, not just because they change their mind or find another property.
Timeline
| 10 Oct 2022 | Petition opened for signatures |
| 10 Apr 2023 | Closed to new signatures |
Key facts
Signatures
47
Status
Closed
Opened
10 Oct 2022
Closed
10 Apr 2023
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Source: the official petition page. Last checked 15 Jul 2026.