76.87% of people impacted by a property chain break in the last 3 years were first-time buyers - What were the top reasons for their chains breaking?

Tuesday 9th August 2022

17.14%

said
Down-valuation

14.31%

said
They were gazumped

11.81%

said
Issue unveiled in the property survey

7.65%

said
The seller of the property they wanted to purchase not being able to find a property

We asked…

What were the top reasons for property chain breaks for 1st time buyers?

Multiple Choice Answers(Randomly shuffled for each respondent) Answers % Count
Down-valuation
17.14% 103
They were gazumped
14.31% 86
Issue unveiled in the property survey
11.81% 71
The seller of the property they wanted to purchase not being able to find a property
7.65% 46
Someone in the chain had a change of heart
7.32% 44
Change in circumstances: You had a life event such as illness, redundancy or divorce
7.32% 44
Your buyer failing to obtain a mortgage on your property
5.16% 31
Gazundered: Your buyer reduced their offer to you prior to exchange
2.83% 17
Legal paperwork taking too long and you lost interest in the property you wanted to buy
2.33% 14
Other
1.00% 6

Copy Link To Data

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

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