Revealed: the plan to end gazumping in house sales

Homebuyers and sellers could be required to sign £1,000 reservation agreements to make it harder to walk awayCould this mean an end to the heartache and expense of a house sale falling through? A revolutionary new scheme that would require a homebuyer or seller who pulls out of a transaction without a very good reason to pay compensation is set to be trialled by the government early next year.Between a quarter and a third of all house sales fall through, resulting in huge amounts of stress