A property isn't sold 'till it's exchanged contracts .Encouraging Gazumping? I thought that was a no-no
Maybe England and Wales should look at the rules north of the border. Having been on googlefu, I see it's still not illegal to Gazump in Scotland but there's tighter rules to prevent it. As far as I'm concerned once a offer in good faith has been accepted it should stand.A property isn't sold 'till it's exchanged contracts .
Does the law prohibit the purchaser from viewing other properties after agreeing the purchase and changing their minds ?
What if the purchaser cannot get a mortgage ?
What if they are tied in a long chain ?
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