This petition was submitted during the 2010-2015 parliament
Rejected petition Housing Association Gazumps Buyers – Change the rules
More details
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.
This petition was rejected
Why was this petition rejected?
There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
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