How We Calculated Your Potential £7,000 Loss

1

According to The Land Registry the average UK property is £282,776. They confirm in one month alone (March 2024), prices changed by 0.7% (£2,000 price change in just one month). No one has a crystal ball and as property prices can go up or down, even on a low 1.8% price change risks you in a £5,000 loss. A modest 3.8% price change could mean you losing £10,000 over your 12 months wait to move. 

2

£1500* in wasted average legal fee lost (data from PropertyMark) on each failed move, plus £500 in lost disbursements and VAT.