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Gary Tyman

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In times where consumers do not have a lot of spare cash, and certainly when purchasing a property after having already paid for survey fees and search fees, this is just another fee to find and could deter a purchase. The majority of transactions don't fall through because someone changes their mind, its generally due to someone in the chain being unable to obtain mortgage finance, adverse survey or something revealed during the conveyancing process of which a reservation fee will not provide the answer.

From: Gary Tyman 21 October 2019 09:23 AM

The lack of property available on the market will not take away from the fact when someone finds a buyer, they then have to find a property to purchase, which is the main delay and often the sale is ready to exchange for 6, 8 weeks and more before the purchase is even found.

From: Gary Tyman 21 October 2019 09:17 AM

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