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Cost of living affecting mortgage applicants

It is no secret the cost-of-living crisis is affecting more and more people and in different ways. Data analysis have revealed that back in August 75% of mortgage enquiries were affordable, but this is predicted to drop to around 63% after lenders have considered rising energy costs, meaning thousands of mortgage customer could be turned down for the opportunity to access a loan of this size.

Our friendly team at pioneer Mortgage can advise and help you in these difficult circumstances. Read more about this situation here: Thousands could miss out on mortgages due to rising energy costs | Financial Reporter

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