View 2 Images

The Government has claimed that the most significant overhaul of the homebuying system in history could reduce costs for buyers and expedite the moving process.

Potential changes may require property sellers and estate agents to provide more detailed information when a home is listed for sale, thereby reducing the need for buyers to conduct additional searches and surveys.

There's also talk of introducing binding contracts at an earlier stage to minimise the risk of a chain collapsing.

The proposals could also offer clearer information to consumers about estate agents and conveyancers, including their track record and expertise, along with new mandatory qualifications and a code of practice to elevate standards. View 2 Images

Housing Secretary Steve Reed said the p

See Full Page