If you’ve ever bought or sold a home, you’ll know the process can feel… well, a bit drawn out. Lots of waiting, endless paperwork, and the constant worry that something might fall through.
That might be about to change.
The government’s looking into new ways to modernise how we buy and sell homes in England and Wales, with the goal of making the process faster, clearer, and a lot less stressful for everyone involved.
Here’s what’s on the table, and what it could mean for you.
Making Information Available Sooner
One of the biggest ideas being explored is around transparency from the start.
At the moment, most of the key details about a property, things like searches and surveys, are only revealed after a buyer’s offer is accepted. Buyers usually pay hundreds of pounds for these checks, only to sometimes discover problems that put them off completely.
The proposed change would flip that on its head. Sellers would take care of those reports before listing their home, meaning buyers could see all the important details upfront, before making an offer.
It could make the early stages of buying a home far clearer and fairer, with fewer hidden surprises along the way.
Sellers Sharing More Upfront
Another part of the plan is to make sure sellers provide more key information at the start, things like service charges, lease details, or whether they’re part of a property chain.
It’s a simple idea: the more everyone knows early on, the fewer hiccups later. This could help buyers make confident offers and avoid last-minute changes or delays.
Embracing Digital Tools
When you’re ready to apply formally, collecting documentation in advance makes the process smoother. Lenders typically reqA big reason home moves take so long is the back-and-forth between everyone involved: solicitors, agents, lenders, and so on.
The government wants to make better use of digital systems to help speed things up. That could include digital property records, secure ID checks, and online access to conveyancing information.
They’re also considering publishing performance data for conveyancers and estate agents, so people can choose who to work with based on real results not just reputation.
It’s all about making the process more open, efficient, and accessible.
Earlier Binding Agreements
Right now, a home sale isn’t legally binding until the contracts are exchanged, usually right near the end. That means either side can pull out without serious consequences, which can leave buyers and sellers feeling frustrated and out of pocket.
The proposed changes would give both parties the option to make a sale legally binding earlier in the process. It’s hoped this would cut down on fall-throughs and give people greater confidence once an offer is agreed.
What It Could Mean for Buyers and Sellers
If these ideas move forward, the home-buying journey could look very different and a lot smoother. Buyers could save hundreds of pounds on moving costs. The average time to complete a purchase could drop by around a month. Everyone involved could enjoy a more open, reliable process from start to finish.
At UK Mortgage Centre, we’re here to help you make informed decisions about your mortgage. Our experts can guide you through the process, ensuring you find the best solution tailored to your needs.
Call us on 01925 573328
Email: hello@ukmc.co.uk
Or book your own appointment to speak with one of our friendly advisers.
Let us assist you in making your next move a smooth and successful one.
Disclaimer
UK Mortgage Centre is a trading style of Refresh Mortgage Network Limited. Refresh Mortgage Network Limited is authorised and regulated by the Financial Conduct Authority. FRN – 826982. Registered in England & Wales: 11614569. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages. The Financial Conduct Authority does not regulate will writing and taxation and trust advice.
