Over 5% of UK homes branded un-mortgageable
Summary
The article reports a claim that around 1.5 million UK homes, or just over 5% of the housing stock, may be unable to secure a mainstream mortgage. It suggests a significant portion of the market could be affected by mortgageability concerns, although no underlying causes are detailed in the excerpt.
Why it matters
Mortgageability is central to valuation, saleability and transaction risk, so surveyors may encounter more properties that are difficult to finance. This can affect comparable evidence, client advice and the likelihood of sales falling through.
Key points
- Claim that 1.5 million homes may be unable to obtain a mainstream mortgage
- Equivalent to just over 5% of UK homes
- Potential implications for property saleability and valuation
- May increase the importance of identifying defects or issues affecting lender appetite
Organisations:
Estate Agent Today
Locations:
UK
Read the original article
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