Failure to secure a mortgage in order to buy a house remains among the biggest financial regrets for individuals in the UK.
This is according to new research by First Direct, which found 12 per cent of people believe they should not have remained in rented property throughout 2011.
Instead, these UK adults felt they would have been better served using a mortgage in order to purchase a place of their own.
Bruno Genovese, head of savings at the organisation – which is a division of HSBC Bank – noted January can be a great time for individuals to consider their monetary outlook for the year ahead.
The industry figure stated: “The earlier people start to plan their finances and look to the future, the better their long term financial position will be.”
Considering their mortgage options may therefore be something prospective homeowners choose to do sooner rather than later.
Other financial regrets cited for the past 12 months include not saving enough, failing to pay off a greater amount of debt, not adding to a pension pot and spending too much money on a partner or loved one.
