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The reasons why people get turned down for mortgages
It鈥檚 cheaper for young people to buy a home than to rent in every region of the UK. Santander, the bank and mortgage lender says that the average home for a first-time buyer would cost them more than 拢2000 a year less if they bought it rather than rented it. So if buying is cheaper than renting, why don鈥檛 more people buy? Graham Seller, Head of Business Development at Santander Mortgages, talks to Paul Lewis.
First broadcast on Money Box, 1 July 2018.
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