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