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The UK government has unveiled major reforms to the house-buying system, aiming to reduce costs, delays, and failed sales. Key changes include mandatory upfront property information for sellers and estate agents, potentially saving buyers hundreds of pounds and weeks in transaction time. The proposals also introduce binding contracts to halve the number of collapsing deals, which cost the economy £1.5 billion annually. A new Code of Practice for estate agents and conveyancers is also planned, with performance data to help buyers choose professionals.

Prepared by Christopher Adams and reviewed by editorial team.