It is one of the practices that the government consultation into the property buying process is investigating in an attempt to make it “cheaper, faster and less stressful for those involved.”
Communities Secretary Sajid Javid said he wants to hear from everyone with an interest in home buying including estate agents, solicitors and mortgage lenders.
He is seeking views on;
- Building trust and confidence between parties
- Informing customers
You can read and respond to the Government consultation here
The consultation closes at 11:45pm on 17 December 2017
Read the homes&Property article here