Buyer Walks Away Early
A buyer used PropM8 before instructing solicitors on a property they were considering.
Situation
A buyer used PropM8 before instructing solicitors on a property they were considering.
Issue
The report identified flood risk, restrictive covenants limiting alterations, and limited lender appetite for the property type.
Action taken
Faced with three separate red flags, the buyer chose not to proceed with the purchase.
“No legal or survey fees were incurred, no mortgage application was wasted, and the buyer's time and budget were preserved for a better opportunity.”
Same property, two paths
Without early intelligence
The same hidden issue surfaces late in conveyancing, after solicitors, surveys and mortgage fees are already committed.
Typical fees at risk by this stage: £1,500 to £3,400.
By then the choice is renegotiate under pressure or walk away from sunk costs.
With PropM8
Faced with three separate red flags, the buyer chose not to proceed with the purchase.
No legal or survey fees were incurred, no mortgage application was wasted, and the buyer's time and budget were preserved for a better opportunity.
The only difference between them is when the issue was found.
How PropM8 helped
Running the checks before instructing solicitors meant the deal-breakers surfaced at zero cost, instead of after thousands in fees.
More case studies
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A family agreed to buy a semi-detached home on a quiet residential street.
How it played out
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