A clampdown on gazumping and other tactics that cause
misery to housebuyers and sellers is being drawn up by the government as part
of a renewed attempt to reduce the stress of buying a home. New rules to stop
people from cutting their offer at an advanced point in a sale, and “time
wasting” by bidders with no realistic hope of completing a purchase, will also
be examined as part of a review of the rules.
Previous attempts by ministers to improve the process have come to
little. However, Sajid Javid, the communities secretary, is now launching an
eight-week call for evidence from estate agents, solicitors and mortgage
lenders in an attempt to make house buying “cheaper, faster and less
stressful”. Read more on the Observer website.
Sunak claims defence spending plan won’t affect government’s ability to cut
taxes – as it happened
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