Government reforms to slash weeks off home-buying process

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleThe UK government is introducing reforms to streamline the home buying and selling process, aiming to make transactions faster and less complicated. Key changes include requiring sellers and estate agents to provide comprehensive 'sales packs' upfront, detailing property condition and costs, to enhance transparency for buyers. The reforms will also involve a shift to digital platforms, such as property logbooks and electronic signatures, to reduce delays and fraud risks. New measures will introduce earlier binding agreements to prevent deals from collapsing and establish a code of practice with mandatory qualifications for estate agents. These changes, welcomed by industry experts, are expected to reduce average sale times by approximately four weeks and will be phased in across England, Wales, and Northern Ireland by the end of Parliament. In fullBuying and selling a home in UK set to become ‘faster, fairer and more secure’ in new house market shake-upThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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