The “antiquated home buying process” in the UK is costing consumers and the economy at least £1.5 billion every year - more than the government’s own estimates - research suggests. A new report from Santander suggests almost one in four people will have experienced a property chain fail and the bank is calling on the government to take action to fix the UK’s broken housing market. What is wrong with the UK housing market? How to fix the UK housing marketThe main issue with the homebuying process is that the longer it takes, the more people get frustrated and potentially pullout or seek better offers. This antiquated system is an increasingly heavy anchor weighing on the economy and fixing it must be key.