Being accepted for a mortgage is a common worry among home buyers - but even some of the UK s wealthiest people are turned down by banks.
Nearly one in five high net worth individuals have had their mortgage application declined in the last decade, according to research by Butterfield Mortgages Limited, which provides mortgages to prime property buyers.
The situation appears to be getting worse. Last year, 18 per cent were turned down - this is an increase of 6 per cent compared to results of a similar survey commissioned by BML in early 2019.
Getting a home loan is a struggle for nearly two thirds of high net worth individuals