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A study by Quick Move Now indicates 31% of property sales in the second quarter of 2022 fell through. From the sales that failed to conclude satisfactorily, 30% failed because mortgage companies refused to provide funds to applicants. There is a growing feeling mortgage lenders are placing stricter controls on lending.
Other factors cited were gazumping, and the buyers’ circumstances changing before they finalised the purchase.
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More and more people are taking out lifetime mortgages as a way to release the equity in their homes. These mortgages have been increasing in popularity in recent years, due to the flexibility they offer and the fact that they can help borrowers stay in their homes for longer. If you're thinking about taking out a lifetime mortgage, it's important to understand how they work and what to look for before you commit. This blog post will give you all the information you need to make an informed decision.
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At Fraser Reeves, we know the importance of good quality listings for your home. We go above and beyond to make sure your home is listed in the most appropriate manner, and this is something our clients agree on.
We are pleased to say we have received many positive reviews regarding our work in listing and promoting property.
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The recent focus on rising energy bills has affected people all across the country, and it is a hot topic. It has even impacted the housing market, because people must take the cost of heating their home into consideration when looking for property.
It is likely energy efficiency will become a crucial factor in the property market, and at Fraser Reeves, we are here to assist you as best we can.
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According to a recent study, UK homeowners have spent £6.6bn on DIY projects that have gone wrong. The same study suggests 20% of UK homeowners have experienced problems with home improvement work.
Fraser Reeves Estate Agents Limited, Reg office: 103 High Street, Newton-le-Willows, WA12 9SL.
Reg.no: 13669543. Reg: England and Wales. VAT Registration No: 400 0985 37
Sales: sales@fraser-reeves.co.uk | Lettings: lettings@fraser-reeves.co.uk
Tel: 01925 222555
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