The poll conducted by Opinium in January showed that more advisers were worried about this than in May last year when 43 per cent of respondents cited concerns.
The advisers put this down to rising interest rates and the increasing cost of living.
Meanwhile, a quarter of IFAs are worried about the impact of house price falls on their own business. Despite the concerns over the prospects for their own firms, over a quarter (27 per cent) of respondents said they have had a higher volume of calls about mortgages since the mini Budget.
More than two-thirds (68 per cent) of clients making enquiries have asked about the current state of the market, 64 per cent have enquired about remortgaging and 32 per cent asked about the types of mortgage they could afford.
First-time buyers despondent about market
According to the polled IFAs, first-time buyers have a negative outlook about the current housing market. Only a tenth of IFAs believe first-time buyers are optimistic.
More than a third of respondents get the feeling that first-time buyers are putting off purchases and are waiting for house prices to come down, while seven in 10 believe prospective homeowners are waiting more mortgage rates to drop.
As for buy-to-let borrowers, 73 per cent of IFAs feel fewer people are looking to purchase buy-to-let properties due to the changing circumstances of the housing market over the last 12 months.
‘A tricky time for many financially’
Alexa Nightingale, head of financial services research at Opinium, said: “As the cost of living crisis continues, and with interest rates and inflation still sky high, it’s understandable that advisers have concerns about their clients being able to afford their mortgages.
“It’s a really tricky time for many financially, so it’s important that advisers remain in close communication with their clients, to provide guidance wherever possible.”
