More than 1m were gazumped in London last year

3rd February 2017

New research suggests more than 1m people in London trying to buy property were gazumped by a rival buyer in 2016. The survey of almost 2,000 people by bridging lender Market Financial Solutions indicates that over £4.4bn in intermediary fees were lost last year as a result of property deals falling through at the last minute.

Evening Standard (31/01/2017)