reservation agreements
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Regulation & Law
Buyer who ‘withdrew unreasonably’ from property sale to pay £35,000
Landmark case brought by Gazeal is understood to the first of its kind in the UK and, the firm says, shows such agreements are legally sound.
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Latest property news
Agents accused of charging reservation fees up to £2K
The Property Redress Scheme says some estate agents are charging buyers £500 and upwards to reserve a home.
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Associations & Bodies
As industry awaits reservation agreements, Propertymark launches initiative to ‘prevent fall-throughs’
NAEA's three-document 'sales protocol' toolkit, which some might call 'HIPs lite', is designed to speed up the process by bringing forward the information needed to speed up a sale's progression.
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Latest property news
Reservation Agreements will help ‘build trust and confidence in our industry’ claims agent
London agent says his company's experience with Reservation Agreements in the new-build market has seen its sales process speed up significantly.
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Latest property news
Leading industry figure claims Reservation Agreements being ‘foisted’ on industry
Buying agent and media pundit Henry Pryor has also claimed that the agreements will not speed up the process as intended.
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Latest property news
EXCLUSIVE: Reservation Agreements move forward as final text is agreed
Kate Faulkner's Home Buying & Selling Group has worked with a cross-party group of industry representatives to nail down a version of the agreement which is due to be trialled next month.
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Latest property news
80% of home movers think gazumping needs solving – could Reservation Agreements do the job?
New research into gazumping shows that up to half of buyers have been gazumped and 40% have lost money after paying for surveys or legal work prior to exchange.
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Latest property news
Are ‘reservation agreements’ folly or farsighted?
Leading agent Trevor Abrahamsohn picks apart housing minister Heather Wheeler's new idea to stop transactions falling through - reservation agreements.
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