New research has shown that an alarming number of property sales fall through each year, potentially costing homebuyers thousands of pounds in lost fees.
The research from LV= Legal Services found that:
27% of property sales in the past five years have fallen through
Lawyers holding up the property buying process were to blame for 48% of all purchases which failed to complete, equivalent to 96,000 transactions in 2015
Of the others, 21% of buyers were gazumped and in 15% of cases the buyer pulled out ...