08/10/2025
Breaking News!!!
Its looking like we will be seeing what is likely to be the biggest overhaul to the housing market in our country’s history! Today it was announced that buying or selling a home will be faster, cheaper and easier under common sense changes!
Some of the things proposed are:
- Estate Agents needing mandatory qualifications and Code of Practice to ensure high standards are met (at the moment they are unregulated, yet they form a vital role in the home buying process)
- Property information upfront - to stop any nasty surprises! This is so needed as it’s often a cause of chains breaking down and people wasting money, time and effort.
- Binding contracts to stop people walking away from agreements! This is a BIG one! And could help halve the number of failed transactions, avoiding heartbreak and stress for hard working people
- Families could see clear side by side information on estate agents and conveyancers including their track record and experience
- Digital tools and tech will be enabled to speed up the home buying process 💻
This follows the Housing Secetary’s latest pledge to “Build baby build” 🏡 which has seen a 29% increase in housing starts compared to this time last year.
It’s believed that these changes could shave around a month of the process and add further protection for both buyers and sellers
Your home may be repossessed if you do not keep up with your mortgage repayments.
