Millions regret not buying in 2012

Around 3.6% of UK adults said their biggest financial regret of 2012 was not moving or buying a home for the first time according to research by first direct.

This is the equivalent of around 1.5m people – and the figure rose to more than 8% amongst 25-34 year olds, amounting to almost 600,000 people.

Andy Forbes, head of retail products at first direct, said: “It’s worrying that such a large number of people regretted not buying a home in 2012.

“Buying a home is understandably a daunting prospect especially in these financially uncertain times.”

Despite a 1% increase in property sales in England and Wales last year, only 640,000 properties were sold which is only half the number of homes sold when the market was at its peak in 2006.

If you are looking to buy in 2013 and would like to know more about the purchase process or would like some professional mortgage advice to help you choose the right product why not give us a call on 01489 580020 to arrange a mutul meeting or email us on info@parkgate.net

 

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