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The Consumer Code for Home Builders can protect buyers from house purchasing pitfalls
Posted 11 June 2021 | JoTS Online
Content Tags: Analysis|Property and Housing|National
ANALYSIS: Gazumping remains a frustrating reality for buyers in England and Wales. This guide examines the legal position, practical safeguards available during a property purchase and the steps buyers can take to reduce the risk.
The pandemic has prompted a spike in property sales, with demand outstripping supply in some areas. Reports suggest gazumping is on the rise and the Stamp Duty holiday period is adding pressure on buyers to move quickly.
However unpleasant, gazumping is still legal in most parts of the UK, though not in Scotland where a verbal offer represents a legally binding agreement. While there are ...
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