Every year Unusual Mortgages conduct research into the current status of the mortgage market in the UK and in particular how Mortgage Consumers are being effected. Mortgages have become very difficult to obtain for many groups of people, with money in short supply with lending criteria being tightened and restricted across all mortgage products.
This year we decided to ask Mortgage Consumers several key questions relating to their confidence and accessibility of the UK mortgage market. The results of our survey were very interesting and pose some serious questions about where the UK mortgage market is heading.
We are splitting the results into two parts with the “Part One” focused on Consumer Confidence and Perceptions. Part Two will be released very soon …
Employed Respondents
- 76%* of respondents to our Mortgage Survey were Employed
- 70%* of Employed respondents believe Mortgages have become more difficult to obtain for Employed people
- 65%* of Employed respondents were concerned that they may have difficulty arranging a Mortgage in the future
Self Employed Respondents
- 24%* of respondents were Self Employed
- 85%* of Self Employed respondents believe Mortgages have become more difficult to obtain for Self Emlpoyed people
- 67%* of Self Employed respondents were concerned that they may have difficulty arranging a Mortgage in the future
The survey respondents are absolutely correct that Mortgages in the UK have become more difficult to obtain across the board, with certain groups of people finding it more difficult than others. The great “Mortgage Squeeze” has been constant over this last 5 years with criteria being tightened nearly every year resulting in the short supply of mortgage money.
Unusual Mortgages have seen many changes effecting in particular Self Employed people, those with Adverse Credit against their name and more recently those seeking Buy to let finance. Unusual Mortgages regularly assist people who are finding it difficult to obtain Morgage finance and are specialists in finding Unusual or difficult to find mortgages.
Free 15 Minute Mortgage Assessment
Unusual Mortgages offer a free 15 minute Mortgage Assessment over the phone for anyone that has been turned down for a mortgage elsewhere. We will confirm if the decision you were given is correct and assess your options across 70 lenders on our manual research list, from which we tailor bespoke solutions for our clients.
If you have been turned down for a mortgage or are worried about approaching lenders due to the way you have been treated in the past, why not give us a call. Within 15 minutes you will know if your hopes and aspirations are a reality, with a sound opinion from the most experienced mortgage broker in the United Kingdom at placing “Unusual Mortgages”.
If you require more information on Complex Mortgages, Multiples Mortgages, Buy to let, Self Employed or Adverse Credit Mortgages you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at enquiries@unusualmortgages.co.uk
*The Unusual Mortgages Survey was completed by 100 existing clients and visitors to our websites and blogs between June 2016 and December 2016.