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Make Gazundering illegal in England and Wales

Submitted on Sunday 29th January 2012

Published on Tuesday 31st January 2012

Current status: Closed

Closed: Thursday 31st January 2013

Signatures: 75

Tagged with

England ~ Scotland ~ Wales

Petition Action

Make Gazundering illegal in England and Wales

Additional Information

Gazundering is where a homebuyer demands an unjustified reduction on the agreed purchase price at the 11th hour just before contracts are signed.

It is the most despicable and unethical form of negotiation. It holds innocent family's to ransom as the buyer is acutely aware they have already committed themselves financially.

The practice (currently prolific) is causing mistrust between sellers and buyers causing a further slow down to an already slow housing market. The ramifications of these unethical negotiations will undoubtedly contribute to a slow economic recovery.

I would like the Government to make "gazundering" illegal in England and Wales in the same way it is in Scotland


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