Everyday Loans for Everyday Life



Affordability the biggest housing issue say Britons

homeThe difficulties associated with getting on the property ladder are among the primary concerns when it comes to housing, according to the results of a latest poll.

Affordability was listed as a key issue when respondents were asked to name the “biggest problem that needs to be solved” in a survey by The Guardian and ICM.

Almost a third of those to reply (29%) listed “homebuyers’ difficulties in getting a mortgage” to cover the cost of a home as the main issue.

A further 24% highlighted the lack of social and council housing while 15% said “excessive rents” were also cause for concern.

This means that 64% of those to respond listed some form of cost as the biggest problem whereas just 8% of people suggested the issue was down to poor housing stock.

Growing concern about price pressures on the property market were evident the last time the housing market crashed, making it a key issue.

Prices are picking up at pace – Nationwide suggest an 8.8% rise throughout 2013 and although prices are not yet at their pre-recession peak, they are still concerning.

Around 63% of those questioned wanted the market to stabilise and a further 20% wanted prices to drop.

Finances are an issue for many families, especially those with bad credit as it is very difficult to gain access to a mortgage.

Loans for people with bad credit can help the situation for those that are desperately in need of funds although other options should be considered first.

The Help to Buy schemes have helped some people to access the market, as less funding is required for deposits as the government provides a guarantee on part of the mortgage.

Solving housing issues will be viewed as a priority in the years to come and will likely influence the 2015 general election.

Related Posts

Lower debt could be a ‘cause for concern’ With the latest Credit Action figures revealing that UK families lowered their debts in December last year, the Credit Action CEO has warned that su...
Rising rents put strain on tenant finances Rents in the private rented sector across the UK have reached an all-time high, putting further strain on tenants’ finances. Research by property s...
How to build up a credit score from scratch – five...   Having a bad credit score can have a dramatic impact on your chances of getting a loan, credit card or even a mortgage. Having a good credit score...
Parental leave to be shared New mums and dads could have the option to share parental leave in a bid to give mothers the chance to return to work sooner after childbirth. The...
Andrew Wayland on GoogleAndrew Wayland on LinkedinAndrew Wayland on TwitterAndrew Wayland on Youtube
Andrew Wayland
Marketing Director at Everyday Loans
Andrew Wayland is a financial marketing expert and helped set up Everyday Loans back in 2006. Prior to his position as Head of Marketing for Everyday Loans he worked as the Head of Commercial Development for a tech start up and ran his own PR agency for around 5 years. LinkedIn: https://www.linkedin.com/in/andrew-wayland-9018074