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Gazumping costing £300 million each year

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  • Gazumping costing £300 million each year

    After you’ve agreed a price for a property and the seller accepts a higher offer from another buyer, this is known as Gazumping and according to research by personal finance website Fool.co.uk., it is costing homeowners almost £300 million annually. When a sale is gazumped at the last minute, the costs of surveys, legal fees, [...]

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  • #2
    It's a shame that we can't find a balance between both systems used in Scotland, as well as England and Wales. Neither is ideal, but I'm sure there must be decent grounds for an in-between solution, taking the best from both and removing the less preferable aspects, such as offers over and gazumping.