First-time buyers could save hundreds in sales plan, government says

The government has unveiled a new plan aimed at assisting first-time buyers in the housing market. The proposal requires sellers and estate agents to provide key details about a property upfront, which could save potential buyers hundreds of pounds. This move is intended to address the issue of buyers spending money on surveys and legal fees for properties that end up falling through. By having more information available from the outset, buyers can make more informed decisions and potentially avoid these unnecessary expenses. The government claims that this change will create a more transparent and efficient housing market, ultimately benefiting first-time buyers who often face significant financial hurdles when attempting to enter the property market. While the details of the plan are still being finalized, the government believes it will be a positive step in making home ownership more accessible for those taking their first step on the property ladder.