Quarter of adults in the dark on what makes them ‘mortgage ready'

25% of UK adults admit they have no idea when they would be ready to apply for a mortgage, according to new research from The Mortgage Lender (TML).

Looking at what consumers think makes them ready to apply for a mortgage, having a steady and secure income came top (27%). This was closely followed by being full time employment (26%). 23% said saving enough for a deposit meant they knew they were or are ready to apply for and secure a mortgage.

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