We want the Government to impose financial penalties on property purchasers who pull out of a purchase after submitting a final offer, unless there is a good reason. The fine should be paid to the seller.
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Buyers pulling out after submitting an offer can have huge financial implications for sellers, and affect people's mental health.
Buyers should only be able to pull out of a sale if there is a good reason, such as serious faults being found following an inspection, not just because they change their mind or find another property.