Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repaymentsBritain’s mortgage lenders fear a spike in the number of homeowners handing back their keys as the cost of living crisis forces more people to default on their loans.The Bank of England said a survey of lenders showed they were braced for a steep rise in customers that cannot pay their monthly mortgage bills during the first quarter of the year. Continue reading…
Source : theguardian.com
Read more…UK lenders fear spike in mortgage defaults as cost of living hits home