The chains, they are collapsing?
Hello Everyone, Some house prices are weakening area-dependent, and as a consequence, the mortgage lenders are being more cautious and marking down house values for new loan applications.
This means, as a consequence, that borrowers need a higher percentage loan-to-value (LTV) than they originally thought was necessary.
Therefore, there are more buyers that are forced to pull out, dashing the plans of vendors and whole chains of transactions.
I know of four collapsed chains at present!
This is only evidence from one person, and I was wondering what other readers have found from their experiences?
Many thanks
David
1 comment on this article
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Member Since September 2022 - Comments: 216
2:55 PM, 3rd November 2025, About 11 months ago
Well David
I can only speak for myself but we put our Ex rental property on the market recently.
Had 10 viewings over 3 days and received 3 offers over asking price within 2 weeks of marketing the terraced property in Manchester.
Fingers crossed we complete by the 25th of November ( just in case )
Red hot market in parts of Manchester and we are selling a lovely fully refurbished Victorian home.
expensive properties in many parts of the UK are not selling due to Budget worries