Tougher mortgage rules ‘slow sales’

House sales are now taking up to a month longer to go through than at the start of the year as lenders grow more cautious, surveyors have reported.

The Royal Institution of Chartered Surveyors (Rics) said that stricter rules around the way that lenders can hand out mortgages and shortages of conveyancers and other skilled staff as the market has generally picked up over the last year have been factors behind the delays.

(source Belfast Telegraph)