Brits take longer to purchase sofas than properties
April 27, 2017 by Brendan
Home owners
According to a new study conducted by Zoopla, individuals in the UK take longer to buy a new sofa than they do when buying a new home. The Zoopla report also indicates that people spend more time watching an episode of their favourite soap than they do when buying a house.
The report states that a home buyer generally knows in less than 30 minutes of viewing a property, that they are going to buy it. However, it takes three times longer at 88 minutes, to buy a new sofa.
The fastest house hunters are in the East Midlands, taking just 26 minutes to decide that they are buying a property, while buyers in the East of England take the longest to decide whether they will go ahead with a purchase. However, this still only takes 32 minutes. People in West Yorkshire take around 30 minutes, while Yorkshire buyers take around 28 minutes.
Zoopla did discover that this wasn’t always an impetuous decision, as buyers in the UK have conducted lots of research prior to buying a home. The average house buyer spends 75 hours over 15 weeks carrying out research before buying a property. Buyers in Wales spend the longest time on research, with 83 hours over 4.5 months.
Mortgage advisers are professionally qualified to CeMAP level, so that they can offer advice on the most suitable mortgage products available, including the various types of mortgage and the varying interest rates.
Written by
Brendan
You may also interested in:
First-time buyers overpaying mortgages to speed up repayments
The latest research has found that a number of first-time buyers who bought during the last five years are overpaying their mortgages, with the aim of
Many mortgage holders set to need urgent advice
As their fixed five-year mortgage deals come to a close, hundreds of thousands of UK mortgage holders are likely to need advice from a mortgage professional in the very near
