Consumers uninformed about mortgages - Unisys

Among the opinions expressed by respondents to its survey Unisys found 44% of people believe lenders require a 10% before they will let someone take out a mortgage with them and are not aware lenders will offer mortgages at 95% loan to value or greater. A further 42% of respondents believe lenders will only lend three times a borrower’s salary, when lenders are often prepared to lend up to five times the first borrower’s income and in some cases more than three times the second borrower’s income as well. Of those surveyed 63% did not have mortgages and of these 47% have no plans to tak...