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Majority Of Homeowners 'have Mortgage Fears'

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Only a third of homeowners wanting to move or remortgage are confident they would be able to during the coming 12 months. The other two-thirds of respondents say they are worried they would fall foul of banks' tough lending criteria on mortgages.

But just a third of these people are confident they would qualify for a new loan, with 25% concerned they do not earn enough to borrow the amount they want, while 20% think they do not have a big enough deposit.

A further 10% said they thought bad credit issues would stop them from getting a loan, including 3% who had defaulted on non-secured debt and 2% who had fallen behind with their mortgage during the past year.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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