Timescale too long for homebuying reforms
Summary
The article reports that the government’s planned homebuying reforms, including sales packs, earlier binding agreements and digital tools, are intended to shorten transactions and reduce fall-throughs, but the main legislative changes are not expected until the end of Parliament. In the meantime, a new Code of Practice for property agents, improved listing information and further consultation on estate agent qualifications are due in phased stages from 2026 onward.
Why it matters
Residential property surveyors should note the likely gradual rollout of reforms affecting transaction processes, information quality and agent standards. These changes may influence due diligence expectations, the content of sales information and the wider efficiency of the conveyancing chain.
Key points
- Major homebuying reforms are planned, but full implementation is delayed until the end of Parliament.
- A new Code of Practice for property agents is due in 2026.
- The government also plans guidance to improve property listing information and a later consultation on estate agent qualifications.
- The reforms are intended to reduce fall-throughs, shorten transaction times and improve consumer outcomes.
- Industry figures in the article question whether the timetable is too slow and whether implementation will be effective.
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