STRESS IMPACTS MORTGAGE APPLICANTS

A new study¹ has highlighted that almost two thirds (64%) of mortgage applicants in the UK have struggled with feelings of stress and anxiety over the last year. This figure increases to 80% amongst first time buyers who are clearly finding the process challenging.

With product withdrawals, altering rates and a fast-moving market, there’s no wonder this backdrop, prompted by the ‘mini-Budget’ last Autumn, has caused high levels of stress for mortgage applicants, especially set amongst a cost-of-living crisis, which has weighed heavily on everyone’s finances.

To limit stress, consult an expert who will focus on your unique circumstances and make the process as straightforward as possible. Please do get in touch.

Your home may be repossessed if you do not keep up repayments on your mortgage 

¹ MFS, 2023