11th June 2015
Scottish Widdows: 2015 Protection Report - Mortgages
The Mortgage Market Review (MMR) has changed the house buying landscape. Greater scrutiny over lifestyle and expenditure means a new generation of homeowners are far more aware of the way they spend their money.
With the introduction of MMR our report found that people are struggling to get a mortgage due to affordability. As a result people’s financial priorities are changing and fewer people view owning a property as essential. Meanwhile communication networks are now so crucial that Brits place broadband access and owning a mobile phone above paying off debts and financial protection for their families in their list of essentials.
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