Today’s sensitive property market is creating longer chains and making the buying and selling process extremely delicate.
The Telegraph has released a new article this week that has revealed how UK families, couples and first-time buyers are being caught up in long property chains. Dominic Heath, Buying Consultant at Black Brick, featured in the piece to share his knowledge into how the mortgage rates and current economic climate is affecting how quickly people are able to move homes this year:
“If a seller is lucky to have a lower rate from pre-2022, they would rather port that lower-rate mortgage than break the chain and have to take out a new mortgage at a high rate in the future,” he commented.
Read the article here.
