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Housing concerns are on the rise

September 24, 2010

Housing concerns are on the rise

People are becoming increasingly concerned over housing issues, new research has found.

A survey carried out by the Council of Mortgage Lenders (CML) found that 96 per cent of those surveyed were worried out problems affecting the housing sector.

It was found that that the most pressing concerns were those related to first-time buyers trying to secure a mortgage and find a foothold in the property market.

Consumers also expressed concern over the fluctuations in the housing sector, the high cost of moving houses and the lack of proper housing being available on the market.

CML chief economist Bob Pannell said: "The survey found that, on balance, people expressed support for tighter lending criteria. But their high level of concern about would-be first-time buyers sits very uneasily with this."

Earlier this week, Helen Adams, managing director of FirstRungNow.com, urged the government to bring in measures to ease the pressure felt by young house-hunters looking to buy their first homes. 

This article is intended as generic information only and is not intended to apply to anybody’s specific circumstances, demands or needs. The views expressed are not intended to provide any financial service or to give any recommendation or advice. Products and services are only mentioned for illustrative rather than promotional purposes.


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