Change Property Purchase Legislation To Give People Better Guarantees

Reasons for signing

See why other supporters are signing, why this petition is important to them, and share your reason for signing (this will mean a lot to the starter of the petition).

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Dean Powell
Oct 26, 2020
the system is outdated and takes too long.

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Rowan Waller
Oct 20, 2020
Doesn’t have to be a big deposit - enough to cover legal and marketing costs would be a good start... not too much that it breaks a buyers they have to withdraw, but enough that a seller and their advisors are fairly compensated and enough that there buyer think twice before committing

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ray chaplin
Oct 20, 2020
This is needed and should already be in place!

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Karen Auld
Oct 20, 2020
It’s well overdue! People need to be protected- I work in the industry and see it happen all the time !

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Francis Mulleady
Oct 19, 2020
It needs to be improved.

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Tahir Saddiq
Oct 19, 2020
It makes sense to have a deposit in place and if any party pulls out then they lose the amount. There should be a legally binding agreement so it is fair.

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Nigel Harrison
Oct 19, 2020
Legislation overhaul is long overdue - I support Sarka on her initiative 100%

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Fran Lewis-Morgan
Oct 15, 2020
I have had sellers pull out at last minute. It happened three times when I was moving to a bigger house while pregnant. So stressful!

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Suzie Grantham
Oct 7, 2020
It makes complete sense. A non refundable deposit creates commitment.

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Mark Donald
Oct 6, 2020
this would be a marked improvement in the process. Taking out unnecessary wasted time and money. The current system leads to anxiety and also offers opportunity for gazumping and guzundering - the late reduction in price, which the proposal would also stamp out.