LONDON: ‘ GAZUNDERING MAY BECOME COMMON-PLACE ACROSS UK WITH HOME BUYERS ‘

#AceFinanceNews – LONDON:Falling demand for homes in the run up to the general election has fueled fears that "gazundering" – the practice whereby buyers make a last-minute, lower offer on the day of exchange – could become more commonplace in 2015.

Miles Shipside, head of research at Rightmove, told Anna White: "Some sellers could find their buyers getting the jitters [in the run
up to the general election
], especially if the financial markets do not like the outcome.

Markets and buyers do not like uncertainty, so a twitchy buyer may decide to drop their agreed offer price."

Telegraphs Business Editor: Denise Roland.

#AFN2015