New research reveals the UK’s most searched for mortgage questions

Latest research by Comparethemarket.com has unveiled the most common mortgage questions through Google searches.

New research reveals the UK’s most searched for mortgage questions

The most commonly asked question is ‘how long does a mortgage application take?’ with over 20,000 annual searches, according to comparethemarket.com.

The price comparison site outlined that this varies from case-to-case, however as a result of the coronavirus pandemic, the time taken to process an application has increased.

‘How long does a mortgage offer last?’ came in second with 17,480 searches.

Mortgage offers typically last between three and six months from the date offered, however this varies from lender-to-lender, according to comparethemarket.com.

The proceeding top searches were ‘how to get a mortgage with bad credit?’ at 14,800, ‘what is an interest only mortgage?’ at 14,360, and ‘what is a lifetime mortgage?’ at 14,250.

Looking to bridging loans, the top search was noted as ‘what is APR?’ with 73,700 searches.

‘What is a bridging loan?’ followed with 23,500 searches, and ‘what is a bounce-back loan?’ with 20,510 searches.

There were also over 20,000 searches from people looking for support from the government’s bounce bank loan.

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