Latest research from MINTEL shows that in the wake of the recent sub-prime crisis, as many as one in three (33%) or some 5.5 million British mortgage holders could now face serious financial difficulties. MINTEL estimates that of the 16.5 million mortgage holders nationwide, 1.5 million (9%) are considered sub-prime. But worryingly, a further 4 million (24%) are also seen by lenders as high risk because they are self-employed, do not have a regular income, have frequently moved house or have fallen behind with household bills. In today’s more conservative lending climate, the unconventional financial situation of these home owners means that they will now face higher repayments and increased lenders’ fees when remortgaging or moving house.

MintelAdmin
More from Mintel
  • Mintel Store Reports
    Discover your next big breakthrough
    Get smart fast with our exclusive market research reports, delivering the latest data, innovation, trends and strategic recommendations....
    View Reports
  • 2025 Trends
    2025 Global Trends
    Understand what’s new and next in consumer behaviour and the impact on marketing and innovation strategies....
    Discover trends
  • Mintel Consulting
    Are you after more tailored solutions to help drive Consumer Demand, Market Expansion or Innovation Strategy?
    Ask for a customised strategic solution from Mintel Consulting today....
    Find out more
Subscribe to Press Releases
Contact Press Office
Related articles
May 28, 2025
Consumer
Article
From gourmet chicken with customised spice levels to a banquet of dipping sauce choices, chickenshops are proving particularly appealing to the better-off £75k plus household income group whoare far more…

Free market intelligence downloads