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Housing Association Gazumps Buyers – Change the rules

Submitted on Friday 23rd May 2014

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Housing Association Gazumps Buyers – Change the rules

Additional Information

On 19th May Wandle Housing Association contacted its buyers of Shared Ownership properties in the new Streatham Hub development and informed them that despite agreeing to a price and taking £500 deposit they would be increasing the prices for the properties. In some cases the increase was over 50%. Sadly this was completely legal despite being extremely unethical.
Gazumping is common amongst private sale but we thing this is the first time a Housing Association has done this. Sadly buyers have no protection from this unethical behaviour.
The ‘would be’ residents of Derry Court, ask that you sign this petition to stop this. The property laws in England should be reviewed and changed to protect buyers once an agreed offer has been formally accepted.


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This petition was rejected

The Government e-Petitions Team gave the following reason:

There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

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