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min answer › date of answer	2019-04-16
answer › question first answered	2023-10-24T10:53:23.357Z
hansard heading	Housing: Sales

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Search Results

registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1664650

registered interest

date

13/10/2023

answering body

Department for Levelling Up, Housing and Communities

answering dept id

211

answering dept short name

Levelling Up, Housing and Communities

answering dept sort name

Levelling Up, Housing and Communities

hansard heading

Housing: Sales

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Levelling Up, Housing and Communities, if he will bring forward legislative proposals to require buyers and sellers to be compensated when the other party withdraws from an agreement to purchase a residential property.

tabling member constituency

Warrington North

tabling member printed

Charlotte Nichols

uin

202503

answer

is ministerial correction

date of answer

24/10/2023

answer text

<p>If a buyer or seller pulls out of a transaction once contracts have been exchanged, they are often already legally obliged to pay compensation to the other party. The amount of compensation will depend upon the individual contract, but it is intended to go towards costs accrued in the transaction, such as legal costs and search fees. Home buyers and sellers are also able to voluntarily enter into reservation agreements in advance of exchange, which can provide protection when property transactions fall through.</p>

answering member constituency

Redditch

answering member printed

Rachel Maclean

question first answered

24/10/2023 10:53:23

answering member

4668

	label	Biography information for Rachel Maclean

tabling member

4799

	label	Biography information for Charlotte Nichols