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1110557
star this property registered interest false more like this
star this property date less than 2019-04-09more like thismore than 2019-04-09
star this property answering body
Ministry of Housing, Communities and Local Government more like this
star this property answering dept id 7 more like this
star this property answering dept short name Housing, Communities and Local Government more like this
star this property answering dept sort name Housing, Communities and Local Government more like this
unstar this property hansard heading Housing: Sales remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Housing, Communities and Local Government, what estimate his Department has made of the number and proportion of residential property transactions that do not complete the legal purchase process in the latest period for which figures are available. more like this
star this property tabling member constituency Hendon more like this
star this property tabling member printed
Dr Matthew Offord more like this
star this property uin 242798 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-04-17more like thismore than 2019-04-17
star this property answer text <p>The Government does not collect data on the number of housing transactions which fall through. Anecdotal evidence suggests that the fall through rate is around 25 per cent, which is why the Government is working with industry to trial reservation agreements which will increase commitment between buyers and sellers and should reduce the failure rate.</p> more like this
unstar this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak more like this
star this property question first answered
less than 2019-04-17T13:15:07.897Zmore like thismore than 2019-04-17T13:15:07.897Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4006
star this property label Biography information for Dr Matthew Offord more like this
1110558
star this property registered interest false more like this
star this property date less than 2019-04-09more like thismore than 2019-04-09
star this property answering body
Ministry of Housing, Communities and Local Government more like this
star this property answering dept id 7 more like this
star this property answering dept short name Housing, Communities and Local Government more like this
star this property answering dept sort name Housing, Communities and Local Government more like this
unstar this property hansard heading Housing: Sales remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Housing, Communities and Local Government, what assessment his Department has made of the financial cost to vendors of residential property transactions failing to complete the legal purchasing process, in the latest period for which data is available. more like this
star this property tabling member constituency Hendon more like this
star this property tabling member printed
Dr Matthew Offord more like this
star this property uin 242799 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-04-16more like thisremove minimum value filter
star this property answer text <p>The Government does not collect data on the costs to vendors of residential property transactions which fall through. In a 2017 Business, Energy and Industrial Strategy survey, the average cost for a failed transaction for those respondents who only sold a property was £582, for those sellers who also bought a property it was £740 and for sellers who never successfully sold it was £650.</p> more like this
unstar this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak more like this
star this property question first answered
less than 2019-04-16T11:56:56.543Zmore like thismore than 2019-04-16T11:56:56.543Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4006
star this property label Biography information for Dr Matthew Offord more like this