82% of UK adults support government plans for estate agent regulation - Inside Conveyancing

  • Date: 10/04/2018

With the government announcing at the weekend plans to improve the home buying and selling process, the HomeOwners Alliance annual homeowner survey, sponsored by BLP Insurance and polled by YouGov, looks at whether homeowners and sellers agree with some of the government’s ideas on estate agent regulation.

  • 2018 Homeowner Survey finds four fifths (82%) of UK adults support the idea of a government backed license for estate agents
  • 80% would like to see buyers show proof of funds before being able to put in an offer to buy a property
  • Three quarters (75%) of UK adults support the idea of a reservation agreement requiring buyers and sellers to put down a non-refundable deposit to commit both sides earlier in the process
  • HomeOwners Alliance has been campaigning tirelessly for stronger regulation of estate agents and the introduction of reservation agreements

Kim Vernau, BLP CEO commented:

“Yesterday’s announcement from the government is a welcome first step towards improving the house purchasing process for consumers. As is evidenced by the results of the 2018 Homeowners Survey, consumers wish to see improvements across the selling and purchasing process. The use of voluntary reservation agreements to prevent sales falling through and a crackdown on gazumping will serve to ease the stress that purchasers have to endure. Clarifying the forms of redress available to purchasers post sale would also support purchasers in resolving issues swiftly and effectively.”

Visit the Inside Conveyancing website to read the full article

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