§ 50. Mr. Jessel
asked the Secretary of State for the Environment if he will seek to prevent gazumping.
§ Mr. Shore
The Law Commission Report No. 65, published in January 1978 on gazumping, showed the great difficulties of legislating against this practice. It is clear that gazumping becomes a serious problem when there is instability in the housing market. The recent agreement with the building societies on lending levels was aimed at restoring stability.