How Labour's latest housing reforms would affect homebuyers

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"Changes could include requiring property sellers and estate agents to provide more information when a home is listed for sale, reducing the need for buyers to carry out searches and surveys. Binding contracts could also be introduced at an earlier stage, reducing the risk of a chain collapsing. Housing secretary Steve Reed said the proposals, which are the subject of a consultation, would help make a simple dream a simple reality."

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A journalism outlet requests donations to fund reporters across issues like reproductive rights, climate change, and Big Tech while keeping reporting freely accessible without paywalls. Donations enable sending journalists to speak to both sides and produce documentaries spotlighting American women fighting for reproductive rights. Proposed government reforms aim to overhaul the homebuying system to slash costs for buyers, speed moves, and reduce chain collapse risk. Proposals include requiring sellers and estate agents to provide more information at listing, reducing searches and surveys, and introducing earlier binding contracts. The measures respond to falling buyer enquiries and speculation about property tax measures in the upcoming Budget.

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