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Third of aspiring first-time buyers say ‘finances improved during lockdown’

According to research from YouGov, 32% of aspiring first-time buyers in the UK feel they’re in a better financial position following the COVID-19 lockdown.

However, with widespread pay cuts and job losses, almost the same proportion (30%) of respondents said Covid-19 had made their financial situation worse.

People planning to sell a property within a year were particularly likely to say they had been negatively affected financially by the coronavirus crisis.

Among all buyers planning to buy within a year, 17% have already applied for a mortgage.

But 44% of buyers said the limited choice of mortgages currently available had made it harder to find a deal where they will be approved.

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