Research
Buyers keen to go green for more favourable mortgage rates
A fifth (22%) of prospective homebuyers plan to make their homes more energy efficient in the hope of securing more favourable mortgage deals, according to our research.
One in three delay their property purchase as the goalposts continue to move
Nearly a third (32%) of prospective buyers are delaying their property purchases, with the number rising to 36% for first time buyers, according to our research.
Prospective buyers expect to spend £35,000 retrofitting their homes
Prospective homebuyers are preparing to invest substantial amounts in retrofitting and renovating their properties, with the average expected expenditure exceeding £35,000 (£35,523). Notably, 39% of respondents plan to spend even more than this amount.
A good EPC rating could boost property sales, as 61% of future buyers would be more inclined to make an offer
Six in ten (61%) prospective homebuyers are more likely to make an offer on a property if it has a good EPC rating (C and above), highlighting the rising importance of energy efficiency to buyers, finds our research.
Rising mortgage rates leave first time buyers locked out of homeownership
50% of first time buyers and 45% of all prospective buyers believe it will be harder to be accepted for a mortgage within the next two years, according to our research.