{"id":2575,"date":"2021-10-29T10:55:51","date_gmt":"2021-10-29T09:55:51","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=2575"},"modified":"2021-11-02T09:43:17","modified_gmt":"2021-11-02T09:43:17","slug":"mortgage-process-a-mystery-to-many-young-adults","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2021\/10\/29\/mortgage-process-a-mystery-to-many-young-adults\/","title":{"rendered":"Mortgage process a mystery to many young adults"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p>It is not only\nprohibitive house prices and stringent affordability criteria that are making\nit hard for young people to get on the property ladder. A new survey has\nrevealed that the mortgage process is poorly understood by more than half of\nall young adults.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>In the survey<sup>1<\/sup>,\n52% of 18 to 34-year-olds rated their understanding of the whole mortgage\nprocess as either fairly or very bad. This incomprehension was reflected across\nother financial products too: 53% said they had a fairly or very bad\nunderstanding of different types of insurance and when they might need them.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Lost in\ntranslation<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>For many young\nadults, the language used to explain financial products and services acts as a\nbarrier to their understanding. More than one in three 18 to 34-year-olds said\nthey were not very or not at all confident that they would understand the\nrelevant terminology.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>These results\nsuggest a significant proportion lack the required knowledge and understanding\nto make sensible and informed decisions about the best mortgage and protection\nproducts for their circumstances.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Here to help<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>When making\nimportant financial decisions, it\u2019s always a good idea to seek expert advice.\nWe\u2019ll guide you through the mortgage process from start to finish and explain\neverything you need to know in plain English. Get in touch \u2013 whatever your age!<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>PaymentShield,\n2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>As a\nmortgage is secured against your home or property, it could be repossessed if\nyou do not keep up mortgage repayments. Equity release may require a lifetime\nmortgage or a home reversion plan. To understand the features and risks, ask\nfor a personalised illustration.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>It is not only prohibitive house prices and stringent affordability criteria that are making it hard for young people to get on the property ladder. A new survey has revealed that the mortgage process is poorly understood by more than half of all young adults. In the survey1, 52% of 18 to 34-year-olds rated their [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":2576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/2575"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=2575"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/2575\/revisions"}],"predecessor-version":[{"id":2584,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/2575\/revisions\/2584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/2576"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=2575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=2575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=2575"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=2575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}