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Existing customers can still contact us on 01174 566027

Read the Mortgage and Property advice from Which? to help you find the best solution for your needs or use Money Compare to find the best mortgage for you.

Buying a house more stressful than having a child

Which? Mortgage Advisers has revealed that buying a house is viewed as one of the most stressful life experiences, with nine in 10 people considering it taxing.

The dream of getting a foot on the property ladder – one of life’s most momentous occasions – is actually one of life’s most stressful events, according to research we recently conducted.

The process of buying a house topped the stress list at 91%, above other major milestones including having a child (81%), changing jobs (87%) and retiring from work (43%).

Buying a house stress infographic

In spite of Government initiatives such as Help to Buy helping first-time buyers onto the property ladder, many are unprepared for how long the house-buying process will take. Moving day (87%) and finding the right house (80%) were identified as two of the most demanding moments closely followed by securing the right mortgage, with three-quarters (73%) of people saying they think it is stressful.

Consumer trust in the mortgage industry is low with just a quarter (25%) of people with mortgages saying they trust the industry to act in their best interests. Over-complicated language and terminology is also a problem for consumers, with over half (52%) saying they found all the language and terminology used in the process of arranging a mortgage confusing.

Seven in 10 (68%) people with a mortgage want to see the process of arranging a mortgage simplified, which is how a dedicated mortgage adviser can help.

To help guide people through the process, Which? Mortgage Advisers offers a handy mortgage calculator for people to work out how much they can borrow. Our independent, friendly advisers are on hand to help take the stress out of applying for a mortgage guiding people through the process step by step.

Mike Lawton, Managing Director of Which? Mortgage Advisers, said:

“Buying a house should be a happy occasion, but many people say it’s more stressful than having a child or changing jobs. At Which? Mortgage Advisers, our independent advisers are on hand to help ease the headache of home buying and find the right mortgage for you.”

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