Buying and selling a home is exciting, but few would call it straightforward. From long waiting times to unexpected costs and deals falling through, the process can test anyone’s patience.
The government has now launched a consultation to review how people buy and sell property in England and Wales. The goal is to make the process faster, simpler, and more transparent for everyone involved. If the proposed changes are implemented, the average homebuyer could save hundreds of pounds and complete their purchase around a month sooner.
So what exactly is being discussed, and how might these changes affect buyers and sellers in the years ahead?
Searches and Surveys Before a Listing Goes Live
Under the current system, buyers usually pay for searches and surveys after their offer has been accepted. These reports, which can cost several hundred pounds, often reveal key details about a property’s condition.
The new proposal would shift this responsibility to sellers, who would need to make this information available before the property is even listed. Buyers would then have access to essential details from the outset, helping them make informed decisions before making an offer and avoiding unpleasant surprises later in the process.
Sellers to Provide Key Information Up Front
Another key suggestion is that sellers should provide important details about their property and circumstances early in the process. This could include information on service charges, leasehold length, or details about any property chain.
Having this information upfront would help buyers understand exactly what they are considering before making an offer. It could also reduce the number of transactions that collapse after an offer has been accepted, saving both sides time, money, and frustration.
Greater Use of Digital Tools
At present, moving home takes an average of seven months, with much of this time spent in the conveyancing stage. The government hopes to use digital technology to speed things up.
Tools such as digital property logbooks, online ID verification, and shared data systems could make it easier for all parties to access the information they need quickly and securely. There are also plans to make performance data on conveyancers and estate agents more widely available, helping buyers and sellers choose who to work with based on transparent metrics.
Legally Binding Agreements Earlier in the Process
One of the most significant changes being considered is allowing buyers and sellers to enter into binding contracts earlier. Currently, neither party is legally committed until contracts are exchanged, which happens near the end of the process.
This flexibility means either side can walk away without penalty, which often leads to wasted time and money. By introducing legally binding agreements earlier, the government hopes to cut down on fall-throughs and make transactions more secure.
What the Industry Thinks
The proposed changes have been well received by many in the property industry. Rightmove’s CEO, Johan Svanstrom, said the move represents “much-needed change and modernisation” and highlighted the potential to reduce the current seven-month moving time.
He also pointed out that estate agents play a crucial role in making the process work efficiently in practice, and their insight will be essential in shaping the final version of these reforms.
When Could the Changes Take Effect?
As this is still a consultation, it will take some time before anything is confirmed. The government is expected to release a full roadmap for the reforms at the beginning of 2026.
They are also inviting feedback from members of the public who have recently bought or sold a home, to help ensure any future changes are based on real experiences.
Looking Ahead
While the details are still being finalised, these proposals could mark a major step towards a smoother and more transparent home-moving process. For buyers, it could mean greater clarity and fewer surprises. For sellers, it might require a bit more preparation before listing, but could ultimately lead to quicker and more reliable sales.
At Chelton Brown, we welcome initiatives that make the moving process more efficient and less stressful. Our team stays up to date with the latest developments so that our clients always have the right information when planning their next move.
If you’re thinking about buying or selling, contact us today to speak with one of our property experts.
Northampton Office: 01604 603433
Daventry Office: 01327 879431
