HC Deb 10 May 1978 vol 949 c549W
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.

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