Survey shows many ill equipped for property market
MANY people wishing to climb onto the
property ladder are hampering their hopes of finding a home due to poor
preparation, warns a Wirral law firm.
A survey commissioned by QualitySolicitors has shown 72% of would-be purchases
failing to check their credit rating, 59% not bothering to secure a mortgage in
principle, whilst another 74% fail to get a solicitor in place beforehand.
David Roberts of QualitySolicitors David Roberts & Co said that with the
property market in a healthy position following the election, buyers need to be
sharp to ensure they stay ahead.
"Many are making mistakes, which leave them missing out on the homes of
their dreams. The market has reacted favourably to the General Election result and the
wide spread message from a range of experts and analysts is that we are in a
period of steady house growth, with bricks and mortar once again seen as the
safest investment. However, there is a naivety by many people who need a little help at what
is a stressful time. Getting the three components of top credit ratings, a mortgage in
principle and a reliable solicitor in place certainly gives an edge to a buyer
because the number of sellers who suffer from time wasters and delays is
substantial." said Mr Roberts, whose firm is based in New Brighton.
The survey by QualitySolicitors was conducted in March and involved 500 people
across the country who had bought a property in the past two years for their
views.
