Half of Scots who don’t own a home doubt they ever will: Pepper – Mortgage Strategy
Almost half of Scottish adults who do not own a home believe they will never do so, new research suggests.
Pepper Money found that 47% of Scots who are not yet on the property ladder feel that home ownership will remain permanently out of reach.
The figure rises to 55% among those who have complex income, variable earnings, the self-employed and contractors.
The research also found that 11% of Scottish adults would like to buy a home but do not believe it is possible.
Pepper Money director of sales Paul Adams says: “These findings show a clear gap between the aspiration to own a home and what many people in Scotland feel is achievable.
“Those who are self-employed, have variable income or have experienced credit difficulties can feel particularly locked out of the mortgage market, but this shouldn’t be the case.
“As we launch our first charge mortgage proposition in Scotland, Pepper Money will work closely with brokers to help more customers understand what may be possible through specialist lending and what they need to do to take their next step towards homeownership.”
