Sale of Property (Sealed Bids) Bill

Key Points

• Prohibits selling property by sealed bids.
• Aims to promote openness and fairness in property transactions.
• Includes connected purposes that would be defined in the Bill.
• Affects people and organisations involved in selling or bidding for property (sellers, buyers, auction houses, estate agents, conveyancers).
• At an early stage in Parliament (first reading in the Commons).

Progress

The Bill has been introduced and is at the first reading in the House of Commons; it will move to the second reading if it progresses.