Introducing Our First Article and Webinar Fortnightly Series from Pepper Money on Market Themes

BY: Caroline Mirakian, Head of National Accounts at Pepper Money

We are now at the stage where we can start to look forward and consider what shape the market might take beyond the COVID-19 crisis. The pandemic has impacted many areas of life, particularly people’s finances – and so it is likely that it will play a part in carving out what tomorrow’s mortgage market looks like.

Just prior to the pandemic, in March, Pepper Money worked with YouGov to conduct research amongst a nationally representative sample of more than 4,000 UK adults to gain a better understanding of their credit history and future homebuying aspirations. We found that 15% of respondents, or 7.86m people, had experienced credit problems, including missed payments, CCJs, defaults, unsecured arrears and secured arrears, in the previous three years. And, of these, 17% were thinking about buying a property in the next 12 months – resulting in a potential adverse credit mortgage market of 1.34m.


Read the full article here.

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