Require home buyers pay a deposit to seller after mortgage approval

I think that the home buying process in England needs reform, to ensure that, once a sale has been agreed, buyers cannot easily pull out.

This petition closed on 30 May 2024 with 14 signatures

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Reticulating Splines

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If buyers were liable to pay a deposit after having a mortgage accepted, it could help stop time wasters. This is done in other countries and stops people from withdrawing from the sale.


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