Agents and conveyancers call for binding pre-sale contracts

A group of agents and conveyancers has called for a legally binding preliminary contract to reduce the risk of fall-throughs.

The E-Homebuying Forum, a group set up to improve the house buying and selling process, is now to work on the development of such a contract.

Currently, 31% of house transactions in England fall through, with high-price and mid-price properties being particularly affected.

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