Gazundering: buyers slashed offer by £15,000 the day before exchange

Gazundering occurs when a property buyer drops their offer at the last moment — just before contracts are exchanged — forcing the seller to accept less or lose the deal entirely. One seller described losing £15,000 the day before exchange. The practice is a small but growing problem in the UK property market, and sellers can protect themselves through reservation agreements and faster conveyancing.

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📈 Business UK Mortgage Rates Hit One-Month High as Middle East Tensions Drive Up Costs BBC Business · 1d ago 📈 Business Montpelier Square mansions halved in price — still no buyers in London's Knightsbridge Bankier.pl · 11d ago 📈 Business Three in Five UK Homes Listed for Sale Remain Unsold BBC Business · 25d ago