Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of whether buyers should be warned of fees likely to be incurred when purchasing real property through the modern method of auction, including stamp duty; and what steps he is taking to ensure that the parties to any transaction agreed under that method are fully aware of their liabilities and responsibilities beforehand; and if he will make a statement.

It is important that both buyers and sellers who use Modern Methods of Auction take the time to understand the process before they enter into a transaction. We would expect them to understand the fees that are payable and the timescale for payment before they make a commitment to buy or sell. Agents should help them by making this information clear at the outset.