Mortgage UK: Wait times increase – how Britons could end up missing out | Personal Finance | Finance

0

“Agents complain about delays with searches, surveyors and lenders – which mean sales are taking months to complete and risk falling through.

“Mortgage availability is also becoming an issue for some agents. One said that lenders are very nervous, so if there is an issue at all with a property, they will pull out.

“First time buyers will small deposits are struggling to get mortgages. Meanwhile, second steppers are struggling to shift their city centre flats with no outdoor space.”

There is general concern, then, that the market could potentially grind to a halt.




Source

Leave A Reply

Your email address will not be published.