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With mortgage and interest rates at some of their highest rates in 15 years and a notable contraction in mortgaged house purchases, it’s a troubling time for home buyers.

2023 has been a tough year for the property market so far, in the main due to increases in interest rates, and the knock on effect this has had on mortgage deals.

‘Leasehold’ properties can be confusing when buying, as the legal structure of ownership isn’t as simple as buying a freehold property.

The UK Finance Household Finance Review for Q1 2023, has shown the cost of living and increases in interest rates are having a very much demonstrable effect on household affordability limits.

Find out more about how Home Information Packs could help speed up your property transaction and reduce the possibility of a sale falling through.