Sarah Nuttall No Comments

Property Purchases Continue to fall through

https://www.which.co.uk/news/2016/06/three-in-10-property-purchases-fall-through-442589/

A recent survey of homebuyers conducted by Which reported that nearly a third had experienced the collapse of their purchase after their offer was accepted. In an unprecedented 27% of cases this was down to the seller changing their mind about selling the property. Property chains continue to be a big problem as there are so many variables that can derail the transaction. Avoiding property chains can save you a lot of time, hassle and money.

Sarah Nuttall No Comments

Mortgage Approvals Fall

https://www.theguardian.com/business/2017/mar/29/mortgage-approvals-fall-uk-consumers-rely-credit-keep-spending

The number of mortgages approved for house purchases fell to a three-month low in September and leading economists predict this to continue. This is a combination of many factors including tighter credit lending facilities by UK banks and heightening consumer fears on the economic outlook weighing on their willingness to continue with property transactions. The UK housing market is feeling the pressures of Brexit.