Saving for a deposit has been cited as a major barrier to purchasing a home by 59% of people, according to the latest survey from the Building Societies Association (BSA)1.

Climbing from 54% in December last year and just 40% last June, raising a deposit is currently the biggest obstacle. Head of Mortgage and Housing Policy at BSA, commented: “It remains clear that there are many people for whom the pandemic continues to have a negative financial impact.” 

The quarterly property tracker outlines lack of job security as a barrier to purchase by 45% of people, down from 59% in March. Access to mortgage finance is seen as a barrier by 37% of people, with worries concerning falls in property prices a barrier for 16%. 

Your home may be repossessed if you do not keep up repayments on your mortgage. 


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(Your home may be repossessed if you do not keep up repayments on your mortgage)

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For Lifetime Mortgages/Equity Release the fee will be £799.

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02380 224 925

South Coast Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 59 The Avenue, Southampton, Hampshire, SO17 1XS. Registered Company Number: 08414746 Registered in England & Wales.