Lend­ing is­sues cause con­cern

Yorkshire Post - Property - - PROPERTY -

MORE than one in ten peo­ple were turned down for a mort­gage with no rea­son be­ing given, while nine per cent say they were de­clined be­cause they were self-em­ployed.

A fur­ther 29 per cent say they were re­fused be­cause their earn­ings were too low and 24 per cent were re­jected be­cause of their credit scores.

The find­ings are part of YouGov re­search con­ducted for Coun­try­wide, which is look­ing into low lev­els of hous­ing trans­ac­tions.

Grenville Turner, chief ex­ec­u­tive of Coun­try­wide, said: “The short­age of ap­pro­pri­ate hous­ing at the right price cou­pled with lend­ing is­sues is cre­at­ing a per­fect storm for the hous­ing mar­ket.”

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