Do You Think Buying Property Is Unfair And Confusing?

Some 62% of British people find the UK property buying process confusing and 37% think it is unfair, according to new research.

The main reason buyers think it is confusing is the number of expensive and complicated processes they have to go through to buy a new home, the survey shows.

Almost a third, 27%, said the buying process is far too complicated and expensive, 21% think transactions take too long and 14% worry about the risk of a sale falling through prior to exchange when they've already forked out money on legal and survey fees.

35% think bidding above an already accepted offer shouldn't be allowed and almost 31% think that sellers should be responsible for paying for the survey on the house they are selling.

When buyers were asked whether they knew the meaning of key house buying terms, the results were surprising, with many not knowing what phrases like conveyancing, EPC and land registry fees mean.

Sales and Lettings Manager of Residential Estates said, “It is shocking to hear that so many people feel that buying a house in the UK is complicated and unfair. It is a process which is rather straight forward once people understand it, which only takes a bit of research.”