Skip to main content

Masthaven Game of Loans

06 September 2017

Masthaven_Logo

Masthaven commissionedOpinium Research to ask UK adults aged 18+ about their experiences of the mortgage market. This paper doesn’t document every single UK housing trend; it serves to highlight notable societal shifts that have affected the mortgage market. Nor does it reflect the extreme ends of the financial spectrum: homeless or very wealthy individuals; it focuses on whatMasthaven considers to be mainstream groups of society, with ordinary financial needs. 

Here are some of the Key Findings:

  • 60% of people surveyed said they believe if they were to buy a home today, it would be hard to get a mortgage in their current circumstances.
  • 8% of people polled said they have either struggled to get a mortgage, or were refused an application in the last 10 years. The majority (93%) of these people were ‘confident’ they could make the monthly repayments.
  • UK householders sense a ‘computer says no’ mentality from mortgage lenders.
  • Three in four (74%) people surveyed believe that age should not affect your eligibility for a mortgage it should simply be about whether you can meet the monthly mortgage repayments – this rises to 79% among people aged 55 or over.
  • There is a lack of confidence that the UK housing gap will shrink in the next five years: a majority (61%) of those surveyed feel that the shortage of affordable homes will increase in the next five years.

To read the paper in full click here. 


Using an Ipad

Follow us on twitter

Follow Jeremy Duncombe for market and product updates on Twitter. You'll find him at @JeremyDuncombe.