{"id":21734,"date":"2018-10-24T15:02:39","date_gmt":"2018-10-24T14:02:39","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=21734"},"modified":"2018-10-24T15:02:39","modified_gmt":"2018-10-24T14:02:39","slug":"millennials-rate-getting-a-mortgage-in-their-top-three-fears","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/2018\/10\/24\/millennials-rate-getting-a-mortgage-in-their-top-three-fears\/","title":{"rendered":"Millennials rate getting a mortgage in their top three fears"},"content":{"rendered":"

A survey by\u00a0<\/b>online mortgage broker Habito has revealed that\u00a0<\/b>mille<\/b>n<\/b>nials<\/b>\u00a0(<\/b>25<\/b>–<\/b>34<\/b>-year-<\/b>olds<\/b>) ar<\/b>e<\/b>\u00a0the most fearful of getting a mortgage.<\/b>\u00a0<\/span><\/p>\n

The\u00a0broker\u00a0conducted the survey to\u00a0highlight\u00a0how\u00a0the\u00a0British mortgage processes\u2019\u00a0antiquated\u00a0and\u00a0archaic\u00a0approach\u00a0strikes fear into the heart of the average\u00a0borrower.\u00a0Getting a mortgage,\u00a0ranked third place on a list of the most stressful scenarios, behind the\u00a0death of a pet and being fired\u00a0from\u00a0your job.\u00a0\u00a0<\/span><\/p>\n

With 28.10% of people surveyed\u00a0listing getting a mortgage in their top three fears,\u00a0it\u2019s not surprising that the one in 20 homeowning\u00a0millennials\u00a0would\u00a0rather\u00a0break a bone than go through the mortgage process ever again, 23% would prefer to get an injection,\u00a0and\u00a015% would rather brave the dentists\u2019 chair for a filling.\u00a0\u00a0<\/span><\/p>\n

Millennials make up\u00a0about\u00a0a quarter of the\u00a0UK population, and in 2017 became the largest generation in the workforce as the baby boomers\u00a0head\u00a0into\u00a0retirement. If nothing else,\u00a0Habito\u2019s survey\u00a0should\u00a0help kick the mortgage industry into touch,\u00a0encouraging\u00a0action\u00a0to\u00a0take the stress and anxiety out of applying for\u00a0a mortgage\u00a0for this significant consumer group.\u00a0\u00a0<\/span><\/p>\n

Millennials drive the\u00a0<\/b>digital\u00a0<\/b>mortgage revolution<\/b>\u00a0<\/span><\/p>\n

The\u00a0fears and\u00a0demands of the millennial generation\u00a0are\u00a0undoubtedly driving the surge in\u00a0the availability of\u00a0online mortgage applications and brokers.\u00a0The term\u00a0robo-brokers is becoming\u00a0more\u00a0common place\u00a0with the likes of Habito, Dynamo, Mojo\u00a0and Hagger\u00a0all vying to improve the complicated jargon-strewn mortgage process most customers have\u00a0experienced.\u00a0\u00a0<\/span><\/p>\n

For a generation that has\u00a0grown up attached to\u00a0a mobile phone and\u00a0with\u00a0online shopping\u00a0as\u00a0the norm, not a novelty,\u00a0every mortgage lender\u00a0should be\u00a0overhauling, digitalising\u00a0and simplifying\u00a0the mortgage application process\u00a0if they want\u00a0to compete for\u00a0their business.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A survey by\u00a0online mortgage broker Habito has revealed that\u00a0millennials\u00a0(25–34-year-olds) are\u00a0the most fearful of getting a mortgage.\u00a0 The\u00a0broker\u00a0conducted the survey to\u00a0highlight\u00a0how\u00a0the\u00a0British mortgage processes\u2019\u00a0antiquated\u00a0and\u00a0archaic\u00a0approach\u00a0strikes fear into the heart of the average\u00a0borrower.\u00a0Getting a mortgage,\u00a0ranked third place on a list of the most stressful scenarios, behind the\u00a0death of a pet and being fired\u00a0from\u00a0your job.\u00a0\u00a0 With 28.10% of people surveyed\u00a0listing… Read more »<\/a><\/p>\n","protected":false},"author":3380,"featured_media":21735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[82],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/21734"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/comments?post=21734"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/21734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media\/21735"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media?parent=21734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/categories?post=21734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/tags?post=21734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}