Streamlined Home Buyer Process Should Speed Up the Buying Process

Roughly 18% or 200,000 of all British house sales fall through each year, mostly due to ‘gazumping’, where an accepted offer is then rejected when the vendor receives a higher offer from another interested party.

The government wants to speed up the house buying process to reduce the possibility of gazumping and the Department for Business, Innovation and Skills has held talks with the National Association of Estate Agents to discuss how the process could be speeded up.

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You can protect your Buy to Let conveyancing fees as a result of gazumping by adding our Exchange Insurance to your conveyancing quotes here.