Over one in five people have made a mistake in buying property.
Insurer Partnership asked 2,000 people about their financial mistakes, with 23% regretting choices made about property.
Some 7% said that delaying buying a house was their biggest mistake, while 5% said they had bought a property which was not good value and 2% regretted not remortgaging when they should have.
For 9% of people, investing money in something – including property – which did not perform well was their worst mistake.
Out of the biggest eight financial mistakes, delaying buying a property was in seventh place.
Comments (4)
“…in short completely the wrong house for me… The wife loves it !!!!!!!”
Then it was completely THE RIGHT house for you! ;o)
Actually I bought a house I didn’t like, been there 15 years.
It’s not increased in value as much as other houses. It’s not easy to maintain because of the narrow lane accessing the property, in short completely the wrong house for me.
The wife loves it !!!!!!!
Sorry but I’m confused here…
“…23% regretting choices made about property…”
“Some 7% said that delaying buying a house was their biggest mistake, while 5% said they had bought a property which was not good value and 2% regretted not remortgaging when they should have…For 9% of people, investing money in something – including property – which did not perform well was their worst mistake.”
So – not even ONE PERCENT of these people who made these alleged “mistakes” did so by choosing the WRONG property? One they didn’t actually LIKE?
Call me an ol’ sceptic – but I just don’t buy it…
Hardly surprising given that it is generally the most important and most expensive purchase a person will make in their entire life and the majority of them have not a clue what they are doing. At least you take the car for a test drive before buying.