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Almost 10% of purchases fail due to mortgage problems

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  • Almost 10% of purchases fail due to mortgage problems

    A survey of members of the Royal Institute of Chartered Surveyors (RICS) has found that nearly 1 in 10 property sales falls through due to mortgage problems. This has led to some Estate Agents demanding financial health checks of potential buyers.

    This statistic underlined the importance of using a mortgage broker. By using a professional mortgage service you can be certain of what your borrowing capabilities are, and this could save considerable time and expense when compared to finding yourself 2 months into the buying process only to have your mortgage fall through.
    Independent Mortgage Advisor, expert in residential, buy to let, holiday let, and refinance mortgages