🔥 Imagine saving for years… …only to lose £30,000 in a flash because your lender said “No.” That’s what happened to homebuyers in the Leeds development see BBC news: https://bbc.com/news/articles/c0kgr0y6e10o 📉 And it's a hard lesson in off-plan property risks. 🧱 What Went Wrong? Despite having mortgage offers in principle, buyers were refused at the last hurdle. Here’s why: 🔻 Valuations came in too low Lenders said the properties were worth less than the agreed price. That means smaller loan offers — or no mortgage at all. 🚫 Developers weren’t ready Some flats were incomplete or failed to meet quality standards. Lenders saw risk. No keys without confidence. 💥 Buyers couldn’t cover the gap When mortgage offers fell short, buyers had to find tens of thousands — fast. Most couldn’t. Deposits gone. Dreams shattered. 🧠 What You Can Learn From It Whether you’re an investor, first-time buyer or developer — this matters. 📌 1. Always stress test the deal Assume your valuation could drop by 10-15%. Could you still complete? 📌 2. Know your developer’s track record Off-plan buying = trust. Check build quality, past performance, funding. 📌 3. Use deposit protection schemes You can structure your deal to protect your money if things go wrong. 🧬 My Take as a Developer + NHS Cost Optimisation Expert In both healthcare and housing, I’ve seen how the wrong decisions cost more than money — they cost security. We combine: ✔️ Financial stress testing ✔️ Real-world scenario planning ✔️ Safe hands-off investing for clients Because whether it’s medicine or mortgages — outcomes matter. 📣 Want Early Access to Safer Property Deals? ✅ Join the discussion for upcoming projects (waiting list now open) ✅ Or get my Risk Checklist to learn how we protect investor capital 👇 Comment "JOIN" or "CHECKLIST" and I’ll send you the details. Let’s build smarter in 2025. Not just bigger. 📈 #MortgageRefused #PropertyInvestment #DueDiligence #ValuationGap #HomebuyerTips #RealEstateEducation #HandsOffInvesting #SmartMoneyMoves #LinkedInProperty #NHSLeadership #FinancialResilience #WomenInProperty #MarketVolatility #UKHousingCrisis

Posted by Lily Claudia HammarlundSim at 2025-04-11 07:09:26 UTC