If you’re buying a new home, whether you’re a first time buyer in Newcastle or looking to move, you might have come across the term “gazumping”.

It’s something many buyers hear about during their property search, and it simply describes what happens when a seller accepts a higher offer from another buyer before contracts are exchanged.

While gazumping isn’t part of every home move, it’s useful to understand how it works and what you can do to reduce the risk.

How does gazumping happen?

Gazumping happens when an offer on a property is accepted, but the deal isn’t legally binding until contracts are exchanged. This means that even after your offer is agreed, the seller can still accept a better offer from another buyer.

This is more likely to happen when the property market is especially busy, or when buyers are competing for the same homes.

Although it’s disappointing, gazumping is a legal part of the buying process in England and Wales until both sides have signed contracts.

Is gazumping legal?

Many people are surprised to find out that gazumping is legal. In the UK, property purchases aren’t legally binding until contracts are exchanged, so sellers are within their rights to accept a new offer at any time before this stage.

Why might gazumping happen?

Gazumping tends to occur most often in a “seller’s market,” where there are more buyers than properties available. In this situation, sellers sometimes receive multiple offers and may choose a higher bid, a buyer who can move faster, or someone who isn’t caught up in a property chain.

Even if you have an accepted offer, another buyer might come along with a higher price or be in a stronger position to complete the sale. For the seller, it’s often a simple business decision.

Can you protect yourself against gazumping?

While it’s not always possible to prevent gazumping, there are steps you can take to help protect your interests:

  • Get your mortgage agreement in principle early: This shows you’re a serious buyer and ready to move quickly, which can make your offer more attractive to the seller.
  • Find a conveyancer in advance: Having your solicitor ready to go can help speed up the legal process and reduce delays.
  • Ask the seller to take the property off the market: Once your offer is accepted, you can ask the estate agent or seller to remove the listing. This isn’t a guarantee, but it can lower the chances of other offers coming in.
  • Move quickly with paperwork: Provide all requested documents promptly, keep in close contact with your solicitor, and respond quickly to any questions.

What should you do if you’re gazumped?

If you are gazumped, it’s understandable to feel disappointed, especially if you’ve invested time and money.

Although there’s no legal comeback before exchange of contracts, you can sometimes negotiate with the seller or keep in touch in case the new offer falls through.

How can a mortgage broker in Newcastle help?

Working with a mortgage broker in Newcastle like us can help you stay organised and give you an edge in a busy market. Our advisors can arrange your mortgage agreement in principle quickly, often within 24 hours, so you’re ready to make an offer as soon as you find the right property.

If you’re a first time buyer in Newcastle, we know the whole process can feel overwhelming, so we’ll keep you updated throughout your purchase, help you prepare your paperwork, and support you at every stage.

If you have questions about gazumping or want advice on how to give yourself the most suitable chance of a smooth purchase, just get in touch with our team, we’re here to help!

Date Last Edited: July 30, 2025