We asked people in the UK that had been impacted by a property chain break in the last 3 years what was the reason for their break
Tuesday 9th August 2022
19.97%
said
Down-valuation
19.13%
said
They were gazumped
14.98%
said
Issue unveiled in the property survey
11.15%
said
Someone in the chain had a change of heart
We asked…
What was the reason for your property chain breaking in the last 3 years?
Multiple Choice Answers(Randomly shuffled for each respondent) | Answers % | Count | |
Down-valuation | 19.97% | 120 | |
They were gazumped | 19.13% | 115 | |
Issue unveiled in the property survey | 14.98% | 90 | |
Someone in the chain had a change of heart | 11.15% | 67 | |
The seller of the property you wanted to purchase not being able to find a property | 10.32% | 62 | |
Change in circumstances: You had a life event such as illness, redundancy or divorce | 8.82% | 53 | |
Your buyer failing to obtain a mortgage on your property | 6.49% | 39 | |
Gazundered: Your buyer reduced their offer to you prior to exchange. | 3.99% | 24 | |
Legal paperwork taking too long and you lost interest in the property you wanted to buy | 3.99% | 24 | |
Other | 1.16% | 7 |
A randomised sample of 601 respondents aged 18+ throughout the UK’s 68,592,949 population (worldometer)
95% confidence. 4% margin of error. Dated: 29.06.22
Source: Finbri Survey