In 2022, a significant proportion of mortgage borrowers who changed their mortgages within the past three years in the UK were well-informed about the borrowing procedure. The share of respondents who felt like they understood what was happening at each step stood at 81 percent. About 60 perc, most of the borrowers did not have to chase the lending institutions for information, accounting for 60 percent of the total sample. Information overload was one of the problems that borrowers had during the process. Nearly half of individuals were unable to handle so much information and so many options to choose from.
Distribution of mortgage borrowers who made a change on their mortgage in the past three years in the United Kingdom (UK) in 2022, by opinion on the application process
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Financial Conduct Authority. (July 26, 2023). Distribution of mortgage borrowers who made a change on their mortgage in the past three years in the United Kingdom (UK) in 2022, by opinion on the application process [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1418678/uk-opinion-mortgage-change-process/
Financial Conduct Authority. "Distribution of mortgage borrowers who made a change on their mortgage in the past three years in the United Kingdom (UK) in 2022, by opinion on the application process." Chart. July 26, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1418678/uk-opinion-mortgage-change-process/
Financial Conduct Authority. (2023). Distribution of mortgage borrowers who made a change on their mortgage in the past three years in the United Kingdom (UK) in 2022, by opinion on the application process. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1418678/uk-opinion-mortgage-change-process/
Financial Conduct Authority. "Distribution of Mortgage Borrowers Who Made a Change on Their Mortgage in The past Three Years in The United Kingdom (Uk) in 2022, by Opinion on The Application Process." Statista, Statista Inc., 26 Jul 2023, https://www.statista.com/statistics/1418678/uk-opinion-mortgage-change-process/
Financial Conduct Authority, Distribution of mortgage borrowers who made a change on their mortgage in the past three years in the United Kingdom (UK) in 2022, by opinion on the application process Statista, https://www.statista.com/statistics/1418678/uk-opinion-mortgage-change-process/ (last visited December 23, 2024)
Distribution of mortgage borrowers who made a change on their mortgage in the past three years in the United Kingdom (UK) in 2022, by opinion on the application process [Graph], Financial Conduct Authority, July 26, 2023. [Online]. Available: https://www.statista.com/statistics/1418678/uk-opinion-mortgage-change-process/
