Conveyancing in Manchester - The Gazumping Issue

If one were to beleive the press Gazumping is common practice. The reality is that it affects less than three per cent of conveyancing transactions. Our Conveyancing in Manchester team has seen very little eveidence of gazumping in Manchester over the last 12 months although local agents indicate that it may be on the rise.

When gazumping does occur it is most unpleasant for a buyer. The gazumped buyer is caused considerable inconvenience, and is often left with a bill for legal fees and survey fees of several hundred pounds.

Conveyancers focused on conveyancing in Manchester or any other area should  be able to minimise the chance of gazumping by virtue of being quick and having a good line of communication with the seller’s conveyancing solicitor. In recent weeks as the property market has picked up there is increasing talk about gazumping in certain hot spots such as Wales and London. Our conveyancing in Manchester Team despite completing hundreds of conveyancing Manchester properties in recent months have only reported one gazumping case.