One in four property sales falls through, costing homebuyers thousands

Handshakes with customer after contract signatureNew 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 ...