Government's Major Home Buying Overhaul

PRESS RELEASE - 6th October 2025

The Rt Hon Steve Reed OBE MP

Hundreds of thousands of first-time buyers are set to save £710 on average when buying a home, along with vital time and energy, thanks to the biggest shakeup to the homebuying system in this country’s history.

Proposals unveiled by the government on Monday 6 October will speed up the long-drawn out and costly process of buying a home by four weeks, saving people money and unnecessary stress, alongside wider reforms to rewire a chaotic system which has become a barrier to homeownership.

It will see sellers and estate agents required under the plans to provide buyers with vital information about a property upfront, including the condition of the home, leasehold costs, and chains of people waiting to move. This will help end nasty surprises which result in last-minute collapses and give greater confidence to first-time buyers making one of life’s most important decisions.

• The Home Buying and Selling Reform consultation can be found here:- Home buying and selling reform - GOV.UK.
• The Material Information Consultation can also be found here: Material information in property listings - GOV.UK.

This further consultation will support estate agents with their legal responsibilities, including requirements under the Digital Markets, Competition and Consumers Act. This will aim to help provide explicit guidance for estate agents on what information they should include in property listings.

Read more here >> Families to save hundreds of pounds in major homebuying overhaul - GOV.UK

Credit; Susie Crolla GLM