Financial considerations: income, affordability and risk assessment
Financial considerations: income, affordability and risk assessment
Financial factors are extremely significant in the housing and disability relationship, yet these have been relatively overlooked in UK research. This chapter looks at this, from factors arising from wider social disadvantage, such as income and employment to lender perceptions of benefits in mortgage applications. It looks at the income and employment situations of disabled people, as evidenced in existing literature. It is well known, for example, that disabled people experience disadvantage in the labour market, and this may have a negative impact on opportunities for exercising choice within housing. It also examines how the mortgage industry might play a role in creating and reinforcing the barriers encountered by disabled people through risk assessment practices for mortgage application. It is shown, for instance, that when risk is assessed, disabled people's circumstances in relation to employment and income might be viewed negatively.
Keywords: housing, disability, social disadvantage, mortgage applications, risk assessment, financial barriers
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