Blog Post

The usual housing market rules are starting to bend

TomS - Head Tom Simper May 15, 2020, 09:30 AM


153_Dataloft_inform_Insight

Sellers would usually be reluctant to leave their properties on the market too long. However, at the moment the majority of vendors are continuing to market their homes, despite little likelihood of a sale, in the hope that armchair purchasers are spending lockdown browsing the market.


153_Dataloft_inform_Insight2

Usually, the average time between exchange and completion is 1 to 2 weeks but this looks set to increase. Mortgage providers are offering customers who have exchanged contracts the option to extend their mortgage for up to 3 months to enable them to move at a later date.

153_Dataloft_inform_Insight3
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Supported throughout Service"

- Mrs Latham

"Very professional and reassuring"

- Charles

"I called a number of agents before deciding who to use & due to her personal attention & good communication skills I decided on Peter Anthony."

- Navin

"Great Communication"

- Terry Barker

"Thank you team."

- Chauke

"Quick, easy and reasonably priced"

- Tom

"Energetic Sales Performance"

- Caroline Wilde

"Thank you very much Laura for all your work"

- Pascal