It seems like only yesterday that getting a mortgage felt easy. It wasn't only yesterday. The latest figures - by MoneyExpert.com - reveal that a third of applications have been turned down in the last six months... that's three quarters of a million people turned away. Other stats: if you're aged between 25 and 34, you're most likely to get a rejection, which is probably not a surprise... although this is, arguably, the most important age group when it comes to keeping the property market moving. [A word of caution... those figures were extrapolated from a survey of 1,000.] Meanwhile - according to Estates Review - it's not all bad. Repossessions are up, up, up... with buy-to-let receiverships in particular keeping the wolf from the property receivers' doors.
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