Almost 50 % of potential first-time purchasers have now been refused for home financing, relating to research that is new Aldermore.

Over a third (35%) state they’ve been refused once for home financing and a further one out of ten (10%) state they are refused more often than once.

The main cause for a rejected mortgage application had been that the prospective first-time customer is self-employed or even an agreement worker (20%). This might be a big modification on Aldermore’s pre-lockdown research in March with regards to was just the 9th most typical basis for a credit card applicatoin being declined.