UK ministers aim to speed up homebuying by four weeks
The UK government is proposing an overhaul of the house purchase process to speed up the homebuying process by up to four weeks. The proposed changes aim to shift some of the costs from buyers to sellers, such as compelling sellers and estate agents to provide buyers with essential information about the property, including its condition and any leasehold costs, upfront. This is expected to streamline the process and reduce the time it takes to buy a home. The government plans to launch a consultation on these proposals, which are part of its efforts to address the challenges in the UK housing market and make the homebuying process more efficient for buyers and sellers.
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