buyers sellers pets families

No go for Government’s ‘reservation agreement’ similar to Home Information Packs.

Reservation agreements have been proposed by the Government as a way of trying to prevent property transactions falling through.

The reservation agreement is still in draft form, but has been compared with Home Information Packs as being well-intentioned, but incapable of actually delivering.

At present in draft form, the Government’s proposed ‘reservation agreement’ has come under sharp criticism by a conveyancing firm which recently had access to the draft. It considers that the draft as it stands falls “way short” contains fundamental and obvious flaws against what is needed.

The draft is designed to reimburse either the seller or the purchaser to offset their wasted costs, in the event of one of them pulling out. Should either party withdraw from the transaction, then the party responsible would hand over money to the other party who had lost out.

In the draft document, sellers are apparently given only one exemption – if they cannot buy a replacement home.

David Knapp, solicitor at Hart Brown in Surrey said: “The fact is that that every seller would claim that. These proposals seem rushed and badly thought out. Much like Home Information Packs, the concept of a seller having to pay up-front sounds good but does not work in practice.”


Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT