Web is most popular property search tool
Published: 21/01/2008
The average UK homebuyer would rather search for a property on the internet than use more traditional methods.
New research from Hot Property reveals that 86 per cent of buyers opt to use the net over looking in local newspapers and visiting estate agencies.
The ease with which a large number of properties can be looked at on the internet is thought to be behind the behavioural shift.
According to the Hot Property survey, only 4.6 per cent of buyers would rather use a high street office, 4.4 per cent use the local newspaper and just four per cent prefer to search using listings magazines.
"It comes as no surprise that people use the internet as their primary source for their property search. Online property services
offer real time data across the whole country and across a range of price ranges," said the firm's managing director Shawn Luetchens.
"It is a simple and concise way to get a whole of market view while also being able to specify exactly what you are looking for.
"However there is still a market for other mediums of advertising, with 14 per cent of people still using papers and high street offices over the internet," he added.
Related Articles
Affordability in London to be tackledFTB numbers rise in January
Repossessions fall slightly
| Please click here for a mortgage quote. Residential Lending: |
||
| Abbey | GMAC | Preferred |
| Accord | Halifax | Principality |
| Advantage | Infinity Mortgages | Progressive |
| Alliance & Leicester | Intelligent Finance | Royal Bank of Scotland |
| Bank of Scotland | Kensington | Scottish Widows |
| Bank of Ireland | Leeds | Skipton |
| Birmingham Midshires | Lloyds TSB | SPML |
| Bristol & West | Mortgage Express | Standard Life Bank |
| Buildloan | Mortgages Plc | The Mortgage Works |
| Capital Home Loans | Mortgage Trust | TMB |
| Chelsea | Nationwide | The Mortgage Business |
| Cheltenham & Gloucester | Natwest | The One Account |
| Coventry | Northern Rock | UCB Homeloans |
| Dunfermline | Norwich & Peterborough | Ulster Bank |
| Edeus | Paragon | West Bromwich |
| First Active | Platform | Woolwich |
| First Trust | Portman | |
Lenders accessible through The Packagers: |
||
| Amber | Future | Money Partners |
| Beacon | High Street Homeloans | Rooftop |
| DB Mortgages | I Group | Scarborough |
| First National | London & Scottish | Swift |
| Freedom Lending | London Mortgage Co | Unity and Victoria Mortgages |
Commercial Lenders: |
||
| BOI | Heritable | Northern Rock |
| BOS | Interbay | RBS |
| Chase UK | Natwest | TBMC |
| Fiducia | ||
Overseas Property: |
||
| Blevins Franks | Conti Financial Services | Fidentia Group |
Life Insurance Providers: |
||
| Axa | Friends Provident | |
| Bupa | Health-on-line and Standard Life | |
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
