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Vendors face 50% chance of sale falling through

Property sellers face a one in two chance of their sale falling through, research from reveals.

The firms latest Fall Through Index (FTI) shows that fall-through rates have doubled since their records began in 2006. blames the current market conditions, for these failings.

Hywel Luke, managing director, said: “This gives us a real indication of how market conditions are affecting homeowners looking to sell their property and, as with most market indicators, the FTI outlook for the near future is poor.

“Back in 2006 and early 2007 the market was extremely competitive. Buyers’ would do anything to secure a property and were able to stretch mortgagees to the limit as well as get easy access to temporary bridging finance. Since August 2007 the market has hardened which has led to sales taking longer to agree and an increasing ratio of collapsed chains” explains Luke.


Stonehaven joins Paradigm’s equity release panel

Paradigm Mortgage Services has added equity release specialists, Stonehaven, to its equity release provider panel.Paradigm members will now be able to access Stonehaven’s range of lifetime mortgages.Stonehaven is a member of Safe Home Income Plans and distributes its products through intermediaries and advisers only.Stonehaven’s products offer flexible equity release solutions and come with a number […]

Mortgage approvals drop 18%

New mortgage approvals for house purchase dropped 18% in March compared with February, according to the British Bankers Association.

UKSA calls for backing to block Rock share terms

The UK Shareholders Association is calling on disgruntled Northern Rock shareholders to back its court battle to block the government’s valuation of shares in the nationalised bank.

Help clients see the bigger picture

Clients are increasingly in need of information on trends in the housing market and the wider economy and brokers should be able provide this, says Justine Tomlinson

The return of inflation

Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.


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