- 60% of those with a mortgage do not plan to make any changes
- A quarter will consider seeking help from their mortgage lender to reduce costs
- Lower proportions are considering selling their house (12%) or moving in with friends or family (4%)
Behaviour change for property owners
Summary
Are you considering any of the following options in the future to help with unaffordable mortgage payments?
Weighted base: W5 sample, all those who have mortgage payments: 688
This chart shows the options those making mortgage payments are considering in future to help with unaffordable payments
60% Not planning to make any changes
24% Seeking help from mortgage lender to reduce mortgage costs
12% Selling their house
4% Moving in with friends/family
9% Something else
Age
Those aged 25-44 and over 64 are more likely to seek help from their mortgage lender to reduce mortgage costs
Those aged over 64 are much more likely to sell their house
Household income
Those earning less than £20k are much more likely to seek help from their mortgage lender to reduce mortgage costs (43%), sell their house (44%) or move in with friends and family (23%)
As with those renting, residents earning £60k are least likely to make any changes (66%)
Ethnic group
Those from an ethnic minority group are more likely to move in with friends or family (12%)
