First-time Buyers
One in ten homebuyers suffer mortgage-related problems

Guest Author:
Owain ThomasOne in ten homebuyers had a problem or delay while getting a mortgage when purchasing a property, according to research by Which? Mortgage Advisers.
Two thirds of homebuyers suffered problems with their purchase, with a range of issues reported.
Alongside the 10% that had a problem or delay while getting a mortgage, 12% experienced problems on completion day, 8% were frustrated by conveyancers and 7% by surveyors.
Delays in the chain were the most common (19%) disruption along with failing to find a suitable property (18%).
Other sources of problems for the 2,000 surveyed were the property bought being left in poor condition or with unexpected furniture (13%), while the removals company disrupted 10% of purchasers.
The research comes after Which? previously found three in 10 property purchases fall through, emphasising the obstacles homebuyers and sellers face in the UK.

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David Blake, principal mortgage adviser at Which? Mortgage Advisers, said: “Moving home can be time-consuming, stressful and expensive. While there are some problems that are out of your control, there are some things you can do.
“Clearer communication and opting for well-respected mortgage advisers, removal companies and conveyancers who are able to work to your timescales can all help to give you a smooth move.”