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The Guardian - UK
The Guardian - UK
Business
Simon Goodley

UK ministers aim to speed up homebuying by four weeks

A sign in front of a red brick house saying 'sold, subject to contract'
A property purchase is legally binding in England once contracts are exchanged, which can take more than six weeks. Photograph: Christopher Thomond/The Guardian

Ministers are attempting to cut the time it takes to buy a home by four weeks under new proposals aimed at overhauling the housebuying process.

The UK government will also consult on plans to shift costs from buyers to sellers, including compelling sellers and estate agents to provide buyers with vital information – such as the condition of the home and the scale of any leasehold costs – upfront.

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