We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Barclays mistake cost us 5.000!!!
Alessandra_2
Posts: 5 Forumite
After 1 year looking for a house to buy, we found the perfect one. Made an offer after 1st viewing then called Barclays Morgage guy to book the survey (essential to take the property out of the market). Our Barclays guy was on holiday: it took Barclays 2 weeks to arrange a survey. In the meantime there were (apparently) 2 new offers on the house (10.000 higher then ours). We had to add 5.000 pounds to the initial offer (accepted by the seller on paper) to not loose the house. We are now trying to get back at least our 500 pound fee for the survey but Barclays doesn't even admit their mistake. They offer us a bowl of food.....Really? We are now thinking to take more action against them. Any suggestions?
Many thanks
A
Many thanks
A
0
Comments
-
Barclays have done nothing wrong.
You were gazumped. Not the fault of anyone. The vendor was quite happy to play you and you went along with it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
How can you say gazumped is not a fault of anyone? Do you know that EVEN Estate agents need to follow rules? Or do you think gazumped is legal? Yes! the Estate Agent took advantage of the situation but, Barclays on the phone said that it will take 48 hours to book a survey and not 2 weeks. We already had all the rest in place. We are closing all our bank accounts with Barcalys.0
-
Or do you think gazumped is legal?
Its certainly not illegal.Barclays on the phone said that it will take 48 hours to book a survey and not 2 weeks.
Doesnt matter. If the vendor was still happy to take offers after accepting yours then it wouldnt make any difference when the valuation was done.We are closing all our bank accounts with Barcalys.
Fair enough if it makes you feel better. They wont care.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Alessandra, it's not necessary to wait for a survey before taking a place off the market. That the vendor wanted a delay means that from the start they were interested in seeing whether they could get a better offer.
Gazumping and gazundering are completely legal in England and Wales until a contract is exchanged, then it becomes a breach of contract that could cost the buyer their deposit and either of them the costs of the other party. Whether the buyer or seller do it is a matter for them to decide, having either made or accepted an offer. Many will view it as a word being their bond matter, many others won't.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards