Over half (53%) of UK adults with a credit blip reveal it has impacted their ability to get a mortgage, rising to 86% of those aged 18-34.

The figures come from the latest research from specialist lender Together. The survey also shows that among those who’ve had a mortgage application rejected, a fifth (20%) couldn’t secure the mortgage they needed in time so lost their ideal home and 16% gave up on purchasing altogether.

According to Together, others had to go back to the drawing board and resort to more drastic measures, with a quarter (23%) relying heavily on family and friends to act as a guarantor – opening themselves up to possible repayment anxiety in the future – and 17% draining all their savings just to be able to buy with a cash deposit.

For those rejected outright, there is also a significant emotional penalty. Among those who had been turned down, 32% say the result left them feeling worried for their future, 26% said it made them depressed and 23% said they felt like a failure.

Together’s head of personal finance intermediary Sales James Briggs says: “Our research clearly shows there is a trend in mortgage applicants, particularly amongst the younger demographic, continually facing issues securing mortgages due to having CCJs, or blips on their record.

He adds: “As the cost-of-living crisis puts more pressure on people’s finances, we know the proportion of applicants in this category is only set to rise – opening them up to possible rejection should they try pursuing a high street mortgage”.