Buying and selling a home in UK set to become ‘faster, fairer and more secure’ in new house market shake-up

The process of buying and selling a home is set for an overhaul, with government plans aiming to make transactions faster and less complicated. Ministers believe the reforms could shave approximately four weeks off the average sale time, potentially boosting confidence in the housing market and saving buyers and sellers from unexpected financial pitfalls that often lead to deals collapsing. Central to the proposed changes is a requirement for sellers and estate agents to provide comprehensive "sales packs" upfront, at the point a property is listed. These packs will detail crucial information such as the home’s condition, any leasehold costs, and the property chain status. This initiative is designed to empower prospective buyers with vital information earlier in the process, fostering a more transparent and equitable system for all parties involved. Additionally, the government intends to transition from traditional paper-based systems to more efficient digital platforms. Digital property logbooks and sales packs will help information to be shared securely between professionals and accessed , cutting out “back and forth” information sharing that can hold up sales. The Government said it will also back digital identity checks, electronic signatures and AI-assisted conveyancing to strip out duplication, reduce fraud risk and accelerate transactions. open image in gallery Ministers believe the reforms could shave approximately four weeks off the average sale time (Getty/iStock) Get a free fractional share worth up to £100. Go to website Get a free fractional share worth up to £100. Go to website The changes will also see earlier binding agreements, to stop parties walking away months into negotiations without a legitimate reason. A new code of practice will also raise standards for estate agents, alongside proposals for mandatory qualifications for the sector which could ensure agents are properly equipped to support efficient transactions. Prime Minister Sir Keir Starmer said: “Getting the keys to a home you can call your own is one of the biggest events in anyone’s life. “But right now, the system that should provide support instead turns it into a battle, leaving people in limbo and putting that opportunity out of reach. “We’re turning the page. From next year, moves will include a consultation on estate agent qualifications and expanded digital tools. Legislation to require sales packs, binding contracts and digital systems is expected . The phased approach will give the sector time to adapt, the Government said. open image in gallery A new code of practice will also raise standards for estate agents (Alamy/PA) Housing is a devolved policy area, and the UK Government anticipates that the majority of measures will apply in England, Wales and Northern Ireland.