BBC News·3 min read·medium

'My buyers dropped their offer by £15,000 the day before exchange': Gazundering and how to avoid it

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'My buyers dropped their offer by £15,000 the day before exchange': Gazundering and how to avoid it
AI Summary

A homeowner shares her experience of 'gazundering,' a practice where buyers lower their offer just before exchanging contracts. The Conveyancing Association is calling for urgent government reform to prevent this issue in the UK property market.

Image source, Getty Images By Dan Whitworth Radio 4 Money Box reporter Published 5 hours ago Sarah was excitedly packing up to move out of the terraced house her family had outgrown to a four-bedroom home in the countryside.

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