Becoming a homeowner is a huge and happy milestone in most people’s lives. But the journey there has never been more difficult. If trying to keep up with soaring house prices wasn’t hard enough, aspiring homeowners often face a painful and fractured experience trying to secure a mortgage. This is not going unnoticed by policy-makers. Communities secretary Sajid Javid recently threw his hat in the ring, announcing plans to make buying and selling homes “cheaper, faster and less stressful”. The move comes after a wave of research highlighting the difficulties faced by homebuyers. This includes our own recent study, which found that one in 10 first time buyers are actually reduced to tears by the mortgage application process.

http://www.cityam.com/275117/addressing-mortgage-nightmare