Big increase in property sales falling through

Posted: 16/12/2020

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One property marketing service is claiming a massive increase in sales falling through this year. Whilst this may be connected to Covid, the cladding rules on apartments may also likely have had a major impact on figures. In addition, it appears that surveyors are being even more cautious, and lenders are in turn setting so many conditions on buyers that they withdraw. For instance, buyers can now be expected to have to obtain additional reports costing hundreds of pounds, without any guarantee of a mortgage offer. But at Key One Property our highly successful Buyer Bond Scheme has proven to reduce sales falling through, and where they do, the vendor is compensated. If you are thinking of selling and want to find out more just get in touch. We will also tell you about our 0.5% sale fee - half the price of most of estate agents!

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Data on property sales falling through is from BriefYourMarket.com

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