The government is planning a shake-up of the home-buying process that could shave a month off completion times and save buyers around £700, in what ministers describe as the biggest reform in decades.
The proposals, now out for consultation, would require sellers and estate agents to provide far more information upfront, reducing the need for lengthy searches and surveys.
Buyers could also see greater security through earlier binding contracts, aimed at cutting the risk of collapsed chains and gazumping, where a higher offer trumps an agreed sale.
Officials estimate that sellers may face about £310 in extra costs for upfront checks, but that those moving within a chain would still save roughly £400 overall.
Digital identity checks and wider use of online platforms are expected to streamline the process, drawing inspiration from faster systems in Finland and Scotland.
Housing Secretary Steve Reed said the reforms would “fix the broken system so hardworking people can focus on the next chapter of their lives”. A detailed plan is due early next year.