Thursday, July 24, 2008

40% of those that still attempt to enter the fray….fail.

More than 40pc of UK house sales are collapsing

Four in ten house sales are collapsing in some areas as buyers back out or fail to get a mortgage, the Bank of England has disclosed.....And this in an already slow market.....

Posted by whostolemyendowment @ 09:11 AM (696 views)
Please complete the required fields.



2 thoughts on “40% of those that still attempt to enter the fray….fail.

  • need-a-crash says:

    “The credit crunch has buried any chances most first-time buyers might have had of getting on the property ladder. But for landlords this is a cloud with a gold-plated lining.”

    Comments like this really make my blood boil. As has been pointed out on this site before, there really is no voice for FTB’s in the media at all.

    Once again we’re portrayed as victims at just the time when I’m starting to feel the clouds are starting to part.

    Reply
    Please complete the required fields.



  • I think we can also be seeing a trend in buyers backing out because of several factors.

    1. The mortgage they arranged is declined when the actually try to implement it.
    2. Property prices are falling so fast they fear the will be in negative equity before they have even moved in.
    3. With prices falling so fast they feel that their original offer is now to high.
    4. They know by removing their offer they are helping to bring the market down even further.

    Makes you feel like making a few offers on overvalued properties and backing out!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>