Gazumping is when a seller accepts an offer from one buyer, but then suddenly decides to accept a higher offer from another.
This leaves the first buyer out of pocket and without the property they wanted. It’s a common tactic used in competitive markets where there is a shortage of desirable properties, as sellers can often find themselves receiving multiple offers at once.
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
This website is not authorised or regulated by the Financial Conduct Authority and the published content does not constitute financial advice. Any information you use or guidance you follow is at your own risk. We work with a fully authorised independent mortgage broker who is able to offer you expert advice for all types of mortgages. By making an enquiry you agree that your information will be passed to a qualified mortgage broker.
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