Insights
Why Financially Qualifying Buyers Matters
by Melisa Cindil
Recent research reported by The Negotiator highlights a growing issue in the UK property market. Many estate agents are not checking whether buyers have their finances in place before accepting offers.
According to the report, nearly 29% of buyers are making offers without having their finances in place, while 38% are never asked to prove their position at all. The result is simple. Delays, failed sales and unnecessary stress for everyone involved.
At Oakheart, we take a different approach.
The Risk of Unqualified Buyers
The data shows many buyers are making offers without being properly prepared. In many cases, they are not asked to prove their financial position at all.
This leads to:
This leads to:
- Sales falling through
- Chains breaking down
- Delays that could have been avoided
For sellers, this often means losing valuable time and starting again.
How Oakheart Does It Differently
Every buyer is financially qualified before they are in a position to proceed. We work with Zest Money Group, an independent mortgage broker, to ensure each applicant is fully assessed before making an offer.
What This Means for Buyers
Buyers have a clear understanding of:
- Their budget
- Their deposit
- Their borrowing position
- The full costs involved
This puts them in a stronger position when making an offer.
Why It Matters
For sellers, it means greater confidence and a smoother transaction .For buyers, it means fewer surprises and a clearer path to completion. For the market, it helps raise standards and reduce fall through rates.
At Oakheart, qualifying buyers is not an extra step. It is a standard that protects every transaction from the very beginning. If you are thinking of buying or selling, contact the Oakheart team today.
