Gazumping
The question
To ask the Secretary of State for Housing, Communities and Local Government, what steps his Department is taking to tackle the practice of gazumping; and whether she has made an assessment of the effectiveness of voluntary reservation agreements in residential sales.
Answered by Matthew Pennycook
The government recognise that the home buying and selling process in England and Wales is inefficient and costly for consumers and professionals. We continue to review evidence from other jurisdictions, including on reservation agreements, as we consider next steps.
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