The Bank of England has warned that the mortgage squeeze is likely to get worse before it gets better. The number of mortgage deals available has declined significantly in recent months and the rates on many of those that are, are rising. Is the mortgage crisis affecting you?
Is the mortgage crisis affecting you?
Yes – I was hoping to buy/move house but have delayed my plans because I can’t afford to borrow the amount I need. (10.7%)
Yes – I am really worried that I won’t be able to remortgage when my current deal ends because I don’t have much equity in my house. (9%)
Yes – I don’t know how I’m going to afford my repayments when my current deal ends because mortgage rates have gone up so much. (12.7%)
No – I have plenty of equity in my home and don’t think I’ll have a problem remortgaging. (17.7%)
No – My current deal doesn’t end this year so I don’t need to remortgage. (23.6%)
No – I don’t have a mortgage. (26.4%)
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