Some 19% of consumers believe they will be unable to obtain a mortgage because of a lack of mortgage funding, according to YouGov research commissioned by Precise Mortgages.
The survey also reveals that 30% of borrowers will be looking for a new mortgage over the next 12 months, and in the 35 to 44 age bracket this increases to 40% of borrowers.
Alan Cleary, managing director of Precise Mortgages, says: “Many people believe that banks have a funding problem but things have moved on significantly in the last 12 months.
“The big banks are paying back the government-led special liquidity scheme ahead of schedule because liquidity has improved more quickly than expected.
“Many mortgage lenders, including Precise Mortgages, want to lend more money to customers.”