The home buying process remains slow and uncertain for all too many. On average, it now takes around 120 days to complete a property purchase in the UK, a sharp rise since 2007, and around one in three deals still falls through. The cost of failed property transactions runs into billions each year and creates stress for buyers, sellers and mortgage intermediaries alike.

In this episode of the Mortgage Insider podcast, host Phil Spencer is joined by Justin Young, CEO of the Royal Institution of Chartered Surveyors (RICS), and Claire Beardmore, Director of L&G Mortgage Club, to look at why the home buying process takes so long and what could help improve outcomes across the market.

The discussion looks at how poor timing and late checks add delay, why repeating property surveys and searches wastes time and money, and how doing more work upfront could allow steps to run side by side rather than one after the other. They also explore what England can learn from Scotland’s home report system, as well as other countries with shorter timelines and far fewer fall-throughs, and why confidence in digitisation, reliable data and clear standards will be essential if change is to stick.

With reform work under way and more focus on upfront information, the episode sets out why mortgage intermediaries have such a key role in getting buyers ready early and staying close to developments that could shape how homes are bought and sold in the years ahead.

The home buying process remains slow and uncertain for all too many. On average, it now takes around 120 days to complete a property purchase in the UK, a sharp rise since 2007, and around one in three deals still falls through. The cost of failed property transactions runs into billions each year and creates stress for buyers, sellers and mortgage intermediaries alike.
In this episode of the Mortgage Insider podcast, host Phil Spencer is joined by Justin Young, CEO of the Royal Institution of Chartered Surveyors (RICS), and Claire Beardmore, Director of L&amp;G Mortgage Club, to look at why the home buying process takes so long and what could help improve outcomes across the market.
The discussion looks at how poor timing and late checks add delay, why repeating property surveys and searches wastes time and money, and how doing more work upfront could allow steps to run side by side rather than one after the other. They also explore what England can learn from Scotland&rsquo;s home report system, as well as other countries with shorter timelines and far fewer fall-throughs, and why confidence in digitisation, reliable data and clear standards will be essential if change is to stick.
With reform work under way and more focus on upfront information, the episode sets out why mortgage intermediaries have such a key role in getting buyers ready early and staying close to developments that could shape how homes are bought and sold in the years ahead.

The evolving role of the mortgage broker is becoming increasingly complex. The performance and potential of the housing market is an ever-changing landscape, but help is here.

The award-winning Mortgage Insider Podcast – brought to you by Barclays – is back and better than ever. Renowned TV presenter and property expert Phil Spencer guides you through the trials and tribulations of the housing world.

Phil, along with industry-leading guests from the world of economics, financial services, and of course housing, takes you beyond the headlines to help you navigate the world of mortgage markets.

This is an in-depth plunge into the world of mortgages, so listen and follow to find out moreabout the current mortgage market, how rates are set, the insider take on housing, changes to buy-to-let, marathon mortgages and helping clients plan for a worst-case scenario. 

The Mortgage Insider Podcast – you can’t afford to miss it.

 

The evolving role of the mortgage broker is becoming increasingly complex. The performance and potential of the housing market is an ever-changing landscape, but help is here.
The award-winning Mortgage Insider Podcast &ndash; brought to you by Barclays &ndash; is back and better than ever. Renowned TV presenter and property expert Phil Spencer guides you through the trials and tribulations of the housing world.
Phil, along with industry-leading guests from the world of economics, financial services, and of course housing, takes you beyond the headlines to help you navigate the world of mortgage markets.
This is an in-depth plunge into the world of mortgages, so listen and follow to find out more about the current mortgage&nbsp;market, how rates are set, the insider take on housing, changes to buy-to-let, marathon mortgages and helping clients plan for a worst-case scenario.&nbsp;
The Mortgage Insider Podcast &ndash; you can&rsquo;t afford to miss it.
&nbsp;

Mortgage Insider

This is the award-winning Mortgage Insider from Barclays. Renowned property expert and TV presenter Phil Spencer MBE guides you through the trials and tribulations of the housing world.

Every month, Phil is joined by industry leaders from the world of economics, financial services, house buying and home building. They take you beyond the headlines to help you navigate the evolving world of mortgage markets, sharing practical tips along the way.

Listen to find out more about the trends and developments in today's mortgage market, including the latest on changes to the housing buying process, what's new in new-build and how consumers are using AI.

This is the award-winning Mortgage Insider from Barclays. Renowned property expert and TV presenter Phil Spencer MBE guides you through the trials and tribulations of the housing world.
Every month, Phil is joined by industry leaders from the world of economics, financial services, house buying and home building. They take you beyond the headlines to help you navigate the evolving world of mortgage markets, sharing practical tips along the way.
Listen to find out more about the trends and developments in today's mortgage market, including the latest on changes to the housing buying process, what's new in new-build and how consumers are using AI.