58% of first-time buyers believe debt blocks mortgage access

Almost three out of five first-time buyers believe that having existing debt will prevent them from obtaining a mortgage, according to new research from Lloyds. The survey of 1,000 prospective buyers found that 58% thought any borrowing would block mortgage approval, while 37% be

This article was originally published by Property Wire. To read the full piece, including all commentary, data and quotes, continue to the source below.

External link — opens in a new tab. Phillips Maison Developments UK is not responsible for the content of external sites.