The UK’s largest credit referencing agency Experian claim that home owners and those looking to get on the ladder alike are “confused” by the process of getting a mortgage.

They have some pretty eye opening statistics that I would like to share with you:

  • 24% of those in the market to buy a property (whether a first time buyer or home mover) say “The mortgage process is a bigger challenge than getting hold of a deposit.”
  • 29% of borrowers are underestimating the costs involved with moving.
  • Finally, 37% of homemovers has said that knowing what mortgage products they qualify for before applying would have eased the process.

It is totally understandable that the general public are feeling confused by the process of getting a mortgage. Without the help of a competent, experienced adviser you are entering a world where, quite literally, there are thousands of options available. That’s where we are here to help, if you feel you’re in the same boat then get in touch today for a free, no obligation initial chat. Just go to our “Contact us” page and get in touch, we’d love to help.

Homeowners “confused” by mortgage process: Experian