Why do buyers fail to complete, post-exchange of contracts, and what are the main reasons?

Few people intentionally walk away from a 10% deposit and so the reason would have to be significant for a property buyer to do this.

Few people intentionally walk away from a 10% deposit and so the reason would have to be significant for a property buyer to do this.

These include:

1. Buyers’ own property sale falls through.
2. Withdrawal of mortgage or credit.
3. Death, accident or sudden illness.
4. Criminal charges, fraud or imprisonment.
5. Job loss or job offer withdrawn.
6. Other deterioration in the buyer’s financial circumstances.
7. Change of mind due to sudden fall in property market, rise in the cost of borrowing or, in the case of foreign buyers, significant currency fluctuations.