Official UK Property Thread

[Paddington Bear]

Unoccupied properties strikes me as the 'close the tax loopholes' of the housing market. Sure, theoretically it could work, but it won't and it's a distraction from things that might.

[Biffer]

I would tax the fuck out of unoccupied properties tbh. Won’t affect property prices but at least you can get some tax income out of the fuckers.

A fine idea except they are all owned by non dom, non res money launderers. How do you propose to tax them? The only thing that might work is some sort of property surcharge based on value and % of time unoccupied with a recourse to (re)possession for failure to pay.

Reality is politicians are NOT going to shaft their billionaire, foreign cronies.

I know. It's one of the many things I would do that these fucking shysters will never contemplate.

[Torquemada 1420]

Unoccupied properties strikes me as the 'close the tax loopholes' of the housing market. Sure, theoretically it could work, but it won't and it's a distraction from things that might.

You are conflating 2 things
- tax evasion (& intl money laundering)
- the misuse or properties as investments to the detriment of the UK populace

HMRC dicked around with tax (e.g. NRCGT) and made the usual clusterf**k of it all resulting in no taxes raised from the intended whilst collaterally damaging many UK residents unintentionally.

[Yeeb]

I would tax the fuck out of unoccupied properties tbh. Won’t affect property prices but at least you can get some tax income out of the fuckers.

A fine idea except they are all owned by non dom, non res money launderers. How do you propose to tax them? The only thing that might work is some sort of property surcharge based on value and % of time unoccupied with a recourse to (re)possession for failure to pay.

Reality is politicians are NOT going to shaft their billionaire, foreign cronies.

I know. It's one of the many things I would do that these fucking shysters will never contemplate.

I also think some form of taxing this foreign owned ‘landbanking’ should be done. Either rent the places out, or tax them - just having them sit there benefits almost nobody.

Saw this, seems decent idea

https://www.google.co.uk/amp/s/beta.cp2 ... 93763.html

[shaggy]

A fine idea except they are all owned by non dom, non res money launderers. How do you propose to tax them? The only thing that might work is some sort of property surcharge based on value and % of time unoccupied with a recourse to (re)possession for failure to pay.

Reality is politicians are NOT going to shaft their billionaire, foreign cronies.

I know. It's one of the many things I would do that these fucking shysters will never contemplate.

I also think some form of taxing this foreign owned ‘landbanking’ should be done. Either rent the places out, or tax them - just having them sit there benefits almost nobody.

Saw this, seems decent idea

https://www.google.co.uk/amp/s/beta.cp2 ... 93763.html

Been a while since I last had to do a Canadian tax return and it covers properties held, however the need to complete is only triggered if you enter the country on business I recall. This would be an entirely new taxing mechanism and based on a form of local rates?

[Lobby]

A fine idea except they are all owned by non dom, non res money launderers. How do you propose to tax them? The only thing that might work is some sort of property surcharge based on value and % of time unoccupied with a recourse to (re)possession for failure to pay.

Reality is politicians are NOT going to shaft their billionaire, foreign cronies.

I know. It's one of the many things I would do that these fucking shysters will never contemplate.

I also think some form of taxing this foreign owned ‘landbanking’ should be done. Either rent the places out, or tax them - just having them sit there benefits almost nobody.

Saw this, seems decent idea

https://www.google.co.uk/amp/s/beta.cp2 ... 93763.html

Councils can impose of Council tax premium of up to 100% on properties that have been unoccupied for 2 years or more; this is intended to encourage landlords not to leave properties empty, however, I suspect that for many absentee owners, this represents loose change for them, and so is negligible.

[Yeeb]

I know. It's one of the many things I would do that these fucking shysters will never contemplate.

I also think some form of taxing this foreign owned ‘landbanking’ should be done. Either rent the places out, or tax them - just having them sit there benefits almost nobody.

Saw this, seems decent idea

https://www.google.co.uk/amp/s/beta.cp2 ... 93763.html

Councils can impose of Council tax premium of up to 100% on properties that have been unoccupied for 2 years or more; this is intended to encourage landlords not to leave properties empty, however, I suspect that for many absentee owners, this represents loose change for them, and so is negligible.

Yeah, doubling a local council tax will be peanuts - make it 1000% of band H , irrespective of personally held or within a foreign company or trust or charity

[Torquemada 1420]

A fine idea except they are all owned by non dom, non res money launderers. How do you propose to tax them? The only thing that might work is some sort of property surcharge based on value and % of time unoccupied with a recourse to (re)possession for failure to pay.

Reality is politicians are NOT going to shaft their billionaire, foreign cronies.

I know. It's one of the many things I would do that these fucking shysters will never contemplate.

I also think some form of taxing this foreign owned ‘landbanking’ should be done. Either rent the places out, or tax them - just having them sit there benefits almost nobody.

Saw this, seems decent idea

https://www.google.co.uk/amp/s/beta.cp2 ... 93763.html

See above ^^^^^^^^^

[Raggs]

Just had an offer accepted on a flat. First time buyers. Rather exciting, but a long way to go yet!

[Line6 HXFX]

I reckon we should tax people 15% of their incomes for every spare bedroom they own.
Hey, if it is good enough for the poor, sick and unemployed and unpaid carers and the people at the bottom rung if society, it is good enough for the people who can afford it or who cheered this policy into being.

Your MP voted for the bedroom tax, congratulations, you get the bedroom tax.

[MoreOrLess]

I reckon we should tax people 15% of their incomes for every spare bedroom they own.
Hey, if it is good enough for the poor, sick and unemployed and unpaid carers and the people at the bottom rung if society, it is good enough for the people who can afford it or who cheered this policy into being.

Your MP voted for the bedroom tax, congratulations, you get the bedroom tax.

Could you clarify what would count as a spare bedroom in this system?

Is my home office (needed to WFH over the last year) with a fold-out sofa-bed for guests a spare bedroom or a home office? If I had a massive games room, would that still be tax free because it doesn't have a bed in it? If I move my kids into one room to make space for guests do I just pay tax on the nights they stay?

And why would you base it on income? That seems to be particularly harsh on aspirational younger generations stretching themselves to secure a long-term home for their growing family, compared to retirees in now-empty family homes living off savings. Aren't you punishing the people you're trying to help?

[inactionman]

I reckon we should tax people 15% of their incomes for every spare bedroom they own.
Hey, if it is good enough for the poor, sick and unemployed and unpaid carers and the people at the bottom rung if society, it is good enough for the people who can afford it or who cheered this policy into being.

Your MP voted for the bedroom tax, congratulations, you get the bedroom tax.

Let's make sure everyone hurts. That's good policy.

[inactionman]

Just had an offer accepted on a flat. First time buyers. Rather exciting, but a long way to go yet!

Good luck! I remember getting the keys on our first house and being initially disappointed at how wrecked it was, but very quickly getting excited about what we could turn it to. Without wishing to be Thatcher's Child, I do believe everyone should be encouraged to own their own homes - it puts all the responsibility on you, but gives you the freedom and ability to make it exactly how you want it. No more magnolia walls and polyester carpets. Also puts people less at the mercy of rental property squeezes.

And - assuming you're UK -based? - British Heart Foundation is your friend for second-hand furniture.

[Raggs]

Just had an offer accepted on a flat. First time buyers. Rather exciting, but a long way to go yet!

Good luck! I remember getting the keys on our first house and being initially disappointed at how wrecked it was, but very quickly getting excited about what we could turn it to. Without wishing to be Thatcher's Child, I do believe everyone should be encouraged to own their own homes - it puts all the responsibility on you, but gives you the freedom and ability to make it exactly how you want it. No more magnolia walls and polyester carpets. Also puts people less at the mercy of rental property squeezes.

And - assuming you're UK -based? - British Heart Foundation is your friend for second-hand furniture.

We'll get there eventually, right now there's a long way (and a lot of expenses) to go.

I'm not sure how much 2nd hand stuff I can get my missus to agree to. It's not that she necessarily minds, it's just if it's not what she wants, she won't agree to it.

[inactionman]

Just had an offer accepted on a flat. First time buyers. Rather exciting, but a long way to go yet!

Good luck! I remember getting the keys on our first house and being initially disappointed at how wrecked it was, but very quickly getting excited about what we could turn it to. Without wishing to be Thatcher's Child, I do believe everyone should be encouraged to own their own homes - it puts all the responsibility on you, but gives you the freedom and ability to make it exactly how you want it. No more magnolia walls and polyester carpets. Also puts people less at the mercy of rental property squeezes.

And - assuming you're UK -based? - British Heart Foundation is your friend for second-hand furniture.

We'll get there eventually, right now there's a long way (and a lot of expenses) to go.

I'm not sure how much 2nd hand stuff I can get my missus to agree to. It's not that she necessarily minds, it's just if it's not what she wants, she won't agree to it.

If it's any comfort when I've gone through the process it seemed like nothing was happening for a few months and then all of a sudden we had the keys in our hand. The searches take time, and the banks are being a bit arsey with lending, but it does gather momentum. As you're first time it'll be a lot simpler as well.

BHF and the like do sell a fair bit of tat, but there is some incredibly high quality stuff in there - we bought a couple of bookcases that were ex-council (they have regional labels on shelves I've preferred to leave) solid wood and I'd put pre-war, £100 the pair. You'd pay more than that for a single Ikea shelf of equivalent size. The real benefit is it gives a choice of design/style - otherwise it seems to be Ikea, the recently resurgent Ercol style or Oak Furniture Land. We rent out our 1850s converted coachhouse in Bath and when we were living there we picked up a few bits of reproduction furniture made in the 50s, mostly as the more modern stuff from our starter home just didn't fit/look right, they're incredibly well-made compared to current - all tongue and groove, inlaid wood, solid drawers and brass fittings. They're dirt cheap as everyone was going more modern. Essentially, be contrary and you'll get bargains

Also worth noting that John Lewis have brought out a cheaper range - almost as a poke in the eye to Boris and partner.

[Raggs]

Good luck! I remember getting the keys on our first house and being initially disappointed at how wrecked it was, but very quickly getting excited about what we could turn it to. Without wishing to be Thatcher's Child, I do believe everyone should be encouraged to own their own homes - it puts all the responsibility on you, but gives you the freedom and ability to make it exactly how you want it. No more magnolia walls and polyester carpets. Also puts people less at the mercy of rental property squeezes.

And - assuming you're UK -based? - British Heart Foundation is your friend for second-hand furniture.

We'll get there eventually, right now there's a long way (and a lot of expenses) to go.

I'm not sure how much 2nd hand stuff I can get my missus to agree to. It's not that she necessarily minds, it's just if it's not what she wants, she won't agree to it.

If it's any comfort when I've gone through the process it seemed like nothing was happening for a few months and then all of a sudden we had the keys in our hand. The searches take time, and the banks are being a bit arsey with lending, but it does gather momentum. As you're first time it'll be a lot simpler as well.

BHF and the like do sell a fair bit of tat, but there is some incredibly high quality stuff in there - we bought a couple of bookcases that were ex-council (they have regional labels on shelves I've preferred to leave) solid wood and I'd put pre-war, £100 the pair. You'd pay more than that for a single Ikea shelf of equivalent size. The real benefit is it gives a choice of design/style - otherwise it seems to be Ikea, the recently resurgent Ercol style or Oak Furniture Land. We rent out our 1850s converted coachhouse in Bath and when we were living there we picked up a few bits of reproduction furniture made in the 50s, mostly as the more modern stuff from our starter home just didn't fit/look right, they're incredibly well-made compared to current - all tongue and groove, inlaid wood, solid drawers and brass fittings. They're dirt cheap as everyone was going more modern. Essentially, be contrary and you'll get bargains

Also worth noting that John Lewis have brought out a cheaper range - almost as a poke in the eye to Boris and partner.

My fears at the moment is it's cutthroat out there. Gazumping is rife, people pulling out, chains breaking down etc. Also terrified that the mortgage company will end up saying they won't lend us enough (though if it's not too much of a drop, we may be able to cover it).

[Torquemada 1420]

I'm not sure how much 2nd hand stuff I can get my missus to agree to. It's not that she necessarily minds, it's just if it's not what she wants, she won't agree to it.

Then tell her she can go without.

1st world problems.

[Raggs]

I'm not sure how much 2nd hand stuff I can get my missus to agree to. It's not that she necessarily minds, it's just if it's not what she wants, she won't agree to it.

Then tell her she can go without.

1st world problems.

It'll be a lot more than 1st world problems then!

In truth, I agree with her. It's a place of our own, why get furniture we don't really want when it's hopefully going to be with us for a long time. I'd love to save some cash whilst I'm at it, and if there's something at BHF she likes (or on facebook marketplaces etc) we'll go for it, but if not, we'll not take something just because it's cheaper.

[MoreOrLess]

I'm not sure how much 2nd hand stuff I can get my missus to agree to. It's not that she necessarily minds, it's just if it's not what she wants, she won't agree to it.

Then tell her she can go without.

1st world problems.

It'll be a lot more than 1st world problems then!

In truth, I agree with her. It's a place of our own, why get furniture we don't really want when it's hopefully going to be with us for a long time. I'd love to save some cash whilst I'm at it, and if there's something at BHF she likes (or on facebook marketplaces etc) we'll go for it, but if not, we'll not take something just because it's cheaper.

Gumtree and facebook marketplace are good, if you're quick off the mark. Often people are replacing perfectly good furniture and can't be arsed / don't have the transport to get rid of it themselves so all they want is someone to pay a nominal sum and take it off their hands.

If it helps, I've been through this recently (although moving from a shoebox 1-bed flat to a house) and we took the view that buying cheap 2nd hand stuff now lets us a.) spread the cost of the expensive stuff, updating the rooms we use most often 1st, and b.) figure out what we like and how we actually want to use rooms, rather than doing it all up-front and deciding we don't like it in a years time (in particular, furniture that's too big / small for the room grates on me immediately and you're stuck with it for a while).

On the other hand, buying your 1st place is extremely exciting and that enthusiasm and energy goes a long way, so you should make the most of it. Congratulations!

[Raggs]

Fucking fuckity fuck fuck fuck.

Just got a call from the estate agent to say we've been gazumped. Someone who'd had an offer turned down before (I guess the same time ours was accepted), has now put in an offer more than £10k over the asking price. Not sure we're in a position to compete, or if we want to try, just to get further down the line again and have them do the same thing to us.

Wife is going to be pissed. I'm pissed off too.

[Globus]

Seen it all too often Raggs. I got absolutely stuffed at an auction when a bid came in at well over my allocated budget.

Sympathies.

[JM2K6]

Uh, that's how auctions work

[JM2K6]

Fucking fuckity fuck fuck fuck.

Just got a call from the estate agent to say we've been gazumped. Someone who'd had an offer turned down before (I guess the same time ours was accepted), has now put in an offer more than £10k over the asking price. Not sure we're in a position to compete, or if we want to try, just to get further down the line again and have them do the same thing to us.

Wife is going to be pissed. I'm pissed off too.

Shit news - sorry to hear it. Had some friends experience this and it's always been a huge blow to them - house buying is stressful enough without this shit.

[inactionman]

Fucking fuckity fuck fuck fuck.

Just got a call from the estate agent to say we've been gazumped. Someone who'd had an offer turned down before (I guess the same time ours was accepted), has now put in an offer more than £10k over the asking price. Not sure we're in a position to compete, or if we want to try, just to get further down the line again and have them do the same thing to us.

Wife is going to be pissed. I'm pissed off too.

Sorry mate, it's such a frustrating system - still amazed there can't be a pre-contract which prevents withdrawal unless for a specified set of conditions. Otherwise, acceptance means nothing and buyers lose a shedload due to surveys etc being for nothing. We've recently bough tin Scotland and you have to deal exclusively through solicitors and they are legally obliged to stop working for you if you try anything like this, a much better system for preventing gazumping. The only real issue with the Scottish system is that you can't 'chain' offers/contracts so if you've sold but purchase falls through you still have to move - this happened to us and we had to couch surf through covid, not ideal.

In England we had an estate agency look to get us into a bidding war, we gave it up for lost but the higher bidder couldn't eventually raise funds - if the gazumper is paying over asking price they may not be actually able to get funds, so might be worth just saying you'll honour your bid unless and until you find an other flat to offer on? (eta: apols, to be clear - we got a call about 3 weeks after we wrote it off from estate agent offering us the house at our original offer)

[Raggs]

Fucking fuckity fuck fuck fuck.

Just got a call from the estate agent to say we've been gazumped. Someone who'd had an offer turned down before (I guess the same time ours was accepted), has now put in an offer more than £10k over the asking price. Not sure we're in a position to compete, or if we want to try, just to get further down the line again and have them do the same thing to us.

Wife is going to be pissed. I'm pissed off too.

Shit news - sorry to hear it. Had some friends experience this and it's always been a huge blow to them - house buying is stressful enough without this shit.

Really liked the place, but worse, my wife started making plans etc. Tried to keep her from going too far, and getting too invested, still hit her hard though. Back to checking listings I guess, not much out there though. The worst thing is we had a property that was OK, and we were happy enough with, that we had first refusal on. After finding this new placed and having the offer accepted within hours of viewing, we refused. I've gone back to the owner to ask if it's still available, but I'm not expecting it to be.

[Raggs]

Fucking fuckity fuck fuck fuck.

Just got a call from the estate agent to say we've been gazumped. Someone who'd had an offer turned down before (I guess the same time ours was accepted), has now put in an offer more than £10k over the asking price. Not sure we're in a position to compete, or if we want to try, just to get further down the line again and have them do the same thing to us.

Wife is going to be pissed. I'm pissed off too.

Sorry mate, it's such a frustrating system - still amazed there can't be a pre-contract which prevents withdrawal unless for a specified set of conditions. Otherwise, acceptance means nothing and buyers lose a shedload due to surveys etc being for nothing. We've recently bough tin Scotland and you have to deal exclusively through solicitors and they are legally obliged to stop working for you if you try anything like this, a much better system for preventing gazumping. The only real issue with the Scottish system is that you can't 'chain' offers/contracts so if you've sold but purchase falls through you still have to move - this happened to us and we had to couch surf through covid, not ideal.

In England we had an estate agency look to get us into a bidding war, we gave it up for lost but the higher bidder couldn't eventually raise funds - if the gazumper is paying over asking price they may not be actually able to get funds, so might be worth just saying you'll honour your bid unless and until you find an other flat to offer on?

My wife is used to a similar system to the Scottish one, so she really didn't like the idea we could be gazumped before we got started with all this.

I'm not interested in sticking with the property to be honest, nothing stopping them from failing to get the funds in a month or two, then coming back to us, then dropping us again for another higher offer. Fuck that. I'd rather try and find somewhere else to be honest.

[Happyhooker]

Fucking fuckity fuck fuck fuck.

Just got a call from the estate agent to say we've been gazumped. Someone who'd had an offer turned down before (I guess the same time ours was accepted), has now put in an offer more than £10k over the asking price. Not sure we're in a position to compete, or if we want to try, just to get further down the line again and have them do the same thing to us.

Wife is going to be pissed. I'm pissed off too.

I'm hearing about this happening a lot raggs. In one case a client who'd arranged for me to do some work immediately after completion was gazumped under 2 days beforehand. You've got to factor in a) how much you want the place b) how competitive is the property market round your way and c) how much have you already sunk in in legal/survey fees. Best of luck.

A few of the more ethical agents around here (using the term loosely here) are moving towards sealed bids.

Oh, and globus, being outbid at auction is in no way the same as being gazumped.

[Raggs]

Fucking fuckity fuck fuck fuck.

Just got a call from the estate agent to say we've been gazumped. Someone who'd had an offer turned down before (I guess the same time ours was accepted), has now put in an offer more than £10k over the asking price. Not sure we're in a position to compete, or if we want to try, just to get further down the line again and have them do the same thing to us.

Wife is going to be pissed. I'm pissed off too.

I'm hearing about this happening a lot raggs. In one case a client who'd arranged for me to do some work immediately after completion was gazumped under 2 days beforehand. You've got to factor in a) how much you want the place b) how competitive is the property market round your way and c) how much have you already sunk in in legal/survey fees. Best of luck.

A few of the more ethical agents around here (using the term loosely here) are moving towards sealed bids.

Oh, and globus, being outbid at auction is in no way the same as being gazumped.

Yeah, property market here is crazy right now. There's agents in one of the most sort after areas that have literally run out of properties. We're not quite looking in that area, but not too far off. It was close to our limit anyway, and without necessarily being able to quickly get hold of funds in Israel (banks there giving us trouble), I don't think we could prove to have access to the required funds to even make a higher offer right now. Don't want to anyway.

[inactionman]

Fucking fuckity fuck fuck fuck.

Just got a call from the estate agent to say we've been gazumped. Someone who'd had an offer turned down before (I guess the same time ours was accepted), has now put in an offer more than £10k over the asking price. Not sure we're in a position to compete, or if we want to try, just to get further down the line again and have them do the same thing to us.

Wife is going to be pissed. I'm pissed off too.

I'm hearing about this happening a lot raggs. In one case a client who'd arranged for me to do some work immediately after completion was gazumped under 2 days beforehand. You've got to factor in a) how much you want the place b) how competitive is the property market round your way and c) how much have you already sunk in in legal/survey fees. Best of luck.

A few of the more ethical agents around here (using the term loosely here) are moving towards sealed bids.

Oh, and globus, being outbid at auction is in no way the same as being gazumped.

I'm wondering if any given estate agent may be more honourable than others? I'd avoid Hoxtons etc like the plague, although beggars can't necessarily be choosers. Seeing as they're on commission of usually a percent or so, 10k difference is only £100 so surprised agents will run with it (noting the agent can take place off market and not communicate any further bids, in most cases they're complicit in gazumping).

[Raggs]

Fucking fuckity fuck fuck fuck.

Just got a call from the estate agent to say we've been gazumped. Someone who'd had an offer turned down before (I guess the same time ours was accepted), has now put in an offer more than £10k over the asking price. Not sure we're in a position to compete, or if we want to try, just to get further down the line again and have them do the same thing to us.

Wife is going to be pissed. I'm pissed off too.

I'm hearing about this happening a lot raggs. In one case a client who'd arranged for me to do some work immediately after completion was gazumped under 2 days beforehand. You've got to factor in a) how much you want the place b) how competitive is the property market round your way and c) how much have you already sunk in in legal/survey fees. Best of luck.

A few of the more ethical agents around here (using the term loosely here) are moving towards sealed bids.

Oh, and globus, being outbid at auction is in no way the same as being gazumped.

I'm wondering if any given estate agent may be more honourable than others? I'd avoid Hoxtons etc like the plague, although beggars can't necessarily be choosers. Seeing as they're on commission of usually a percent or so, 10k difference is only £100 so surprised agents will run with it (noting the agent can take place off market and not communicate any further bids, in most cases they're complicit in gazumping).

I believe agents are legally obliged to tell sellers about higher bids, even when it's STC. They can remove it from market websites etc, but if an offer is made (say someone who'd seen it previously) they have to pass it along.

[Happyhooker]

Hoxtons are cunts of the highest order with most of the national chains coming in just behind

Around my way the best to deal with are the smaller agencies that tend to specialise in a relatively local area with only a few branches.

For instance, on the east of London felicity j lord

[Happyhooker]

I'm hearing about this happening a lot raggs. In one case a client who'd arranged for me to do some work immediately after completion was gazumped under 2 days beforehand. You've got to factor in a) how much you want the place b) how competitive is the property market round your way and c) how much have you already sunk in in legal/survey fees. Best of luck.

A few of the more ethical agents around here (using the term loosely here) are moving towards sealed bids.

Oh, and globus, being outbid at auction is in no way the same as being gazumped.

I'm wondering if any given estate agent may be more honourable than others? I'd avoid Hoxtons etc like the plague, although beggars can't necessarily be choosers. Seeing as they're on commission of usually a percent or so, 10k difference is only £100 so surprised agents will run with it (noting the agent can take place off market and not communicate any further bids, in most cases they're complicit in gazumping).

I believe agents are legally obliged to tell sellers about higher bids, even when it's STC. They can remove it from market websites etc, but if an offer is made (say someone who'd seen it previously) they have to pass it along.

Hence the move to sealed bids.

[Globus]

Well, I felt gazumped. It was Capability Brown's former house.

https://www.parksandgardens.org/places/ ... fenstanton

I spent a lot of money on research with a local architect.

The bloke who bought it destroyed some of the original architecture and was threated with prosecution which never came to pass.

It had a fantastic inglenook fireplace.

[Sandstorm]

UK property market is worse than a Banana Republic during coup season. It’s a national embarrassment and should be overhauled completely.

[Happyhooker]

UK property market is worse than a Banana Republic during coup season. It’s a national embarrassment and should be overhauled completely.

Indeed. It needs tearing down and rebuilding on so many levels.

Globus, you may have felt gazumped, but you weren't. You know how to use language well enough to understand this.

[Globus]

UK property market is worse than a Banana Republic during coup season. It’s a national embarrassment and should be overhauled completely.

Indeed. It needs tearing down and rebuilding on so many levels.

Globus, you may have felt gazumped, but you weren't. You know how to use language well enough to understand this.

I understand the observation and I'm talking about the emotion rather than the literal definition.

I bought a nice house in Hemingford Abbots with a river view and a landing stage.

[robmatic]

UK property market is worse than a Banana Republic during coup season. It’s a national embarrassment and should be overhauled completely.

The system in Scotland is at least better than the one in England. Seller pays for the Home Report, no gazumping etc, although there is also the daft 'offers over' thing where you have to offer more than the value.

The main problem is that people are flipping bonkers about property.

[inactionman]

UK property market is worse than a Banana Republic during coup season. It’s a national embarrassment and should be overhauled completely.

Indeed. It needs tearing down and rebuilding on so many levels.

Globus, you may have felt gazumped, but you weren't. You know how to use language well enough to understand this.

I understand the observation and I'm talking about the emotion rather than the literal definition.

I bought a nice house in Hemingford Abbots with a river view and a landing stage.

The emotion is one having though the bid was accepted and the deal was complete, in good faith and usually involving considerable blood, sweat, tears and treasure to conclude, and then having the buyer/seller totally recant with further implications for significant blood, sweat, tears and treasure.

Losing an auction is the exact same thing - literally - as not having a bid accepted.

[JM2K6]

Indeed. It needs tearing down and rebuilding on so many levels.

Globus, you may have felt gazumped, but you weren't. You know how to use language well enough to understand this.

I understand the observation and I'm talking about the emotion rather than the literal definition.

I bought a nice house in Hemingford Abbots with a river view and a landing stage.

The emotion is one having though the bid was accepted and the deal was complete, in good faith and usually involving considerable blood, sweat, tears and treasure to conclude, and then having the buyer/seller totally recant with further implications for significant blood, sweat, tears and treasure.

Losing an auction is the exact same thing - literally - as not having a bid accepted.

Sorry to hear your family was callously tortured then brutally murdered. I know exactly how you feel - my granddad died in his sleep at the age of 103.

[Happyhooker]

Indeed. It needs tearing down and rebuilding on so many levels.

Globus, you may have felt gazumped, but you weren't. You know how to use language well enough to understand this.

I understand the observation and I'm talking about the emotion rather than the literal definition.

I bought a nice house in Hemingford Abbots with a river view and a landing stage.

The emotion is one having though the bid was accepted and the deal was complete, in good faith and usually involving considerable blood, sweat, tears and treasure to conclude, and then having the buyer/seller totally recant with further implications for significant blood, sweat, tears and treasure.

Losing an auction is the exact same thing - literally - as not having a bid accepted.

Thank you. I couldn't be arsed