Just 96 mins to choose a house
May 9, 2007 by admin
Filed under News, News-Mortgages
Home buyers are being warned to take more time over choosing the home of their dreams.
New research shows that many buyers spend just 96 minutes viewing a property before taking out a mortgage on it.
This period of time is vastly smaller than how long we spend deciding where we will take our annual holiday, with the average person spending 139 minutes choosing a destination.
In light of these figures, Abbey Mortgages is warning buyers that they should take more time when deciding on a new home or they may be stung by unexpected problems in the future.
“It really is crucial that home-buyers do as much research as possible before making an offer on a new property. Moving is stressful enough, without having to worry about nasty surprises when you arrive at your new home,” commented Nici Audhlam-Gardiner, head of mortgages at Abbey.
According to the mortgage lender, many homeowners have looked back at the buying process that they went through and have regrets.
Of those surveyed, 21 per cent said that they found the decor in the house had been fitted poorly, 14 per cent suffered from nasty neighbours and six per cent had difficulty finding a parking space.
Abbey is offering a mortgage which covers all upfront costs, meaning new homeowners do not have to worry about any nasty surprises.
This deal may benefit many buyers but anyone considering purchasing a property should ensure that they shop around to find the best deal for them and must not allow themselves to be rushed into a decision.
