A source close to the deal said: "The
gazumpers would probably have increased their offer beyond the asking price but when they heard they were bidding against the Queen they tactfully withdrew."
A source close to the deal said: "The
gazumpers would probably have increased their offer beyond the asking price, but when they heard they were bidding against the Queen, they tactfully withdrew."
Parish councillor and village hall trust fund chairman, Mr Gerald Brewer, said: "As we understand it, the
gazumper has offered three times the pounds 12,000 we were offering.
Buying a property will never be like the virtually instantaneous transactions that occur when we buy groceries, but if the process is greatly accelerated potential higher bidders -
gazumpers - simply won't get a look-in.
A spokesman for the Department for the Environment, Transport and the Regions said that housing minister Nick Raynsford is intent on passing legislation that will 'close the window on
gazumpers'.
But a survey by pollsters MORI has discovered that one in three homeowners would renege on a deal if
gazumpers offered them an extra pounds 5,000 before contracts were exchanged.
He started building a nest of grass and feathers weeks before she moved in, spinning round and round with his wings outstretched to make a bowl shape, and fighting off any
gazumpers.
CONCERNS that government plans for Home Information Packs to beat
gazumpers could bury the market in red tape deepened this week with news that overworked town hall staff could be drawn into property sales.
No, it's a fast track house sale, pushed through so quickly there is no time for
gazumpers to get in on the act.
LAMBETH Building Society has launched an insurance policy against
gazumpers. For pounds 30 it covers up to pounds 300 in legal fees, pounds 400 of mortgage arrangement, valuation and survey fees, and up to pounds 300 for any wasted household insurance on the property.
MINISTERS declared war on
gazumpers yesterday with new laws to speed up home buying.
The measures are designed to slash the time it takes to buy a house, currently an average 10-12 weeks so
gazumpers will not time to make a better offer.