{"id":904,"date":"2015-11-14T00:00:00","date_gmt":"2015-11-14T00:00:00","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/3-ways-to-avoid-your-house-purchase-falling-through\/"},"modified":"2018-02-19T08:49:46","modified_gmt":"2018-02-19T08:49:46","slug":"3-ways-to-avoid-your-house-purchase-falling-through","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/3-ways-to-avoid-your-house-purchase-falling-through\/","title":{"rendered":"3 Ways To Avoid Your House Purchase Falling Through"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><img style=\"float: left; width: 250px; height: 166px;\" src=\"http:\/\/www.pattyabass.com\/wp-content\/uploads\/2011\/03\/image_gallery.jpg\" alt=\"\" \/><\/p>\n<p>There is little more frustrating that a <a class=\"wl-entity-page-link\" title=\"houses\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/house\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/house;http:\/\/rdf.freebase.com\/ns\/m.03jm5;http:\/\/dbpedia.org\/resource\/House\" >house<\/a> purchase falling through.\u00a0 As well as the time that is wasted you can also be left hundreds of pounds out of pocket thanks to legal and <a class=\"wl-entity-page-link\" title=\"Valuation (finance)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/valuation-finance\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/valuation_finance;http:\/\/rdf.freebase.com\/ns\/m.01yv7p;http:\/\/yago-knowledge.org\/resource\/Valuation_(finance);http:\/\/dbpedia.org\/resource\/Valuation_(finance)\" >valuation<\/a> fees.<\/p>\n<p>However, new figures from a leading <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a> lawyer show that the number of aborted property transactions in the UK has fallen by 8 per cent in the last year.\u00a0 There are ways that you can help avoid your house purchase falling through, and we explain them here.<\/p>\n<p><strong>Get your <a class=\"wl-entity-page-link\" title=\"Mortgage loan\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/mortgage-loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/mortgage_loan;http:\/\/rdf.freebase.com\/ns\/m.0273t5w;http:\/\/dbpedia.org\/resource\/Mortgage_loan\" >mortgage<\/a> agreed first<\/strong><\/p>\n<p>The survey found that over one in ten house purchases fell through due to issues with the buyer finding a suitable mortgage.\u00a0 So, if you\u2019re <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/planning\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/planning;http:\/\/rdf.freebase.com\/ns\/m.0217bt;http:\/\/dbpedia.org\/resource\/Planning\" >planning<\/a> to buy, it\u2019s worth speaking to a mortgage broker or mortgage lender before you start searching for a property to make sure you can get the mortgage you need.<\/p>\n<p>Many <a class=\"wl-entity-page-link\" title=\"Loan\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/loan;http:\/\/rdf.freebase.com\/ns\/m.01dnzs;http:\/\/dbpedia.org\/resource\/Loan\" >lenders<\/a> will undertake an \u2018agreement in principle\u2019 <a class=\"wl-entity-page-link\" title=\"rental\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/renting\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting;http:\/\/rdf.freebase.com\/ns\/m.01y857;http:\/\/dbpedia.org\/resource\/Renting\" >to let<\/a> you know that the mortgage you need will be agreed.<\/p>\n<p><strong>Be sure about buying<\/strong><\/p>\n<p>Buying a house is likely to be your biggest commitment.\u00a0 So, make sure that you are certain about buying before going though with a purchase.<\/p>\n<p>Just under 4 per cent of house purchases fell through thanks to issues with the buyer\u2019s employment, so make sure you\u2019re in a stable position before you commit.<\/p>\n<p><strong>Exchange contracts as soon as possible<\/strong><\/p>\n<p>The most <a class=\"wl-entity-page-link\" title=\"Common land\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/common-land\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/common_land;http:\/\/rdf.freebase.com\/ns\/m.013c51;http:\/\/dbpedia.org\/resource\/Common_land\" >common<\/a> reason that house purchases in the UK fall though is that the seller pulls out of the transaction, with one in four house purchases aborted for this reason.\u00a0 So, if you\u2019re buying, it\u2019s vital that you keep the process moving swiftly and exchange contracts as soon as possible.<\/p>\n<p>Mark Montgomery, commercial director of 1<sup>st<\/sup> Property Lawyers, said: \u201cWhile it is difficult to control every aspect of your sale or purchase, one thing that buyers and sellers can do is appoint a proactive <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/conveyancer\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/conveyancer;http:\/\/rdf.freebase.com\/ns\/m.05dvbs;http:\/\/dbpedia.org\/resource\/Conveyancer\" >conveyancer<\/a> who is able to ensure the transaction goes through quickly and smoothly, leaving little <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/room\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/room;http:\/\/rdf.freebase.com\/ns\/m.06ht1;http:\/\/dbpedia.org\/resource\/Room\" >room<\/a> for people pulling out or getting cold feet.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is little more frustrating that a house purchase falling through.\u00a0 As well as the time that is wasted you can also be left hundreds of pounds out of pocket thanks to legal and valuation fees. However, new figures from<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/3-ways-to-avoid-your-house-purchase-falling-through\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[7,16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/3_ways_to_avoid_your_house_purchase_falling_through","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/904"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=904"}],"version-history":[{"count":3,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/904\/revisions"}],"predecessor-version":[{"id":14873,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/904\/revisions\/14873"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=904"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}