Raising a deposit is seen as the biggest obstacle in buying a property for the first time in nine months, the Building Societies Association’s latest survey shows. Its quarterly property tracker describes 59% of the over 2,000 UK adults asked citing this as the main barrier, up from 54% in December 2020 and 40% in the preceding June. Previously, job insecurity was seen as preventing property purchases – in December, 65% of respondents gave this reply versus 45% in June – a figure the BSA says is nevertheless important to not downplay. Read more on the Mortgage Strategy website.
Deposit
returns as biggest worry for homebuyers: BSA | Mortgage Strategy
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