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Home reservation agreement aims to end gazumping

Home reservation agreements are to be trialled in England early next year in a bid to end the practices of gazumping and gazundering. The Government wants to make it harder for buyers and sellers to pull out of a deal to buy a property. Harder for both parties to pull Read more…

Reservation agreement could improve property buying process

Home buyers in England may soon have to sign a reservation agreement when a seller accepts their offer on a property. In the current system, an offer can be withdrawn until contracts are exchanged. That puts transactions at risk of collapsing, which happens to a third of all sales in Read more…