When the buyer lowers their offer to buy a property at the last minute, just before contracts are exchanged.
Gazundering is a term used to describe when a buyer reduces their offer on a property just before contracts are exchanged. This can leave the seller in an uncomfortable position, as they may have already accepted another offer or spent money on searches and surveys, but now find themselves facing a lower price.
Respect Mortgages enables borrowers at all stages of life to better understand their mortgage options.
We aim to publish useful articles and content that explains your mortgage products and options, without the normal jargon.
Office 3357 - 321-323 High Road,
Chadwell Heath, Essex RM6 6AX
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Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. Respect Mortgages is a trading style of Respect Digital Limited. Registered office: Office 3357 321-323 High Rd, Romford, England, RM6 6AX