Property News · October 26, 2023

‘Every night is sleepless’: the people falling behind on mortgage repayments


With interest rates still high and mortgage arrears at highest levels since 2016, we hear from three people struggling to payWith mortgage borrowers reeling from 14 consecutive Bank of England base rate rises, the number of households falling behind on payments is rising. Mortgage arrears jumped 13% in the second quarter of the year, and are likely to have increased since. Here, two homeowners and a buy-to-let borrower talk about the challenge of keeping up with the payments. Continue reading…

Source : theguardian.com
Read more…‘Every night is sleepless’: the people falling behind on mortgage repayments