{"id":127940,"date":"2022-07-23T13:00:32","date_gmt":"2022-07-23T06:00:32","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/second-mortgages-lending-soars-as-britons-struggle-to-pay-off-debt\/"},"modified":"2022-07-23T13:25:31","modified_gmt":"2022-07-23T06:25:31","slug":"second-mortgages-lending-soars-as-britons-struggle-to-pay-off-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/second-mortgages-lending-soars-as-britons-struggle-to-pay-off-debt\/","title":{"rendered":"Second mortgages: lending soars as Britons struggle to pay off debt"},"content":{"rendered":"


\nAs the cost of living crisis grows, homeowners are borrowing more on top of their existing loan. But it can be costlyPerhaps it\u2019s no surprise with a cost of living crisis raging, but growing numbers of homeowners are opting to saddle themselves with a second mortgage.Many people are using the money to pay off debts such as credit cards and personal loans. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Second mortgages: lending soars as Britons struggle to pay off debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As the cost of living crisis grows, homeowners are borrowing more on top of their...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-127940","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xhy","jetpack-related-posts":[{"id":64374,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/going-underground-number-of-britons-digging-basements-soars\/","url_meta":{"origin":127940,"position":0},"title":"Going underground: number of Britons digging basements soars","date":"August 23, 2017","format":false,"excerpt":"\r Halifax says loft conversions are also booming as homeowners seek to extend properties rather than moveBritain has seen a 183% increase in planning applications for basement extensions, as homeowners barred from climbing the housing ladder by high prices decide to burrow down instead.The number of loft conversions has also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/natwest-brings-back-90-mortgages-as-buyer-demand-soars\/","url_meta":{"origin":127940,"position":1},"title":"NatWest brings back 90% mortgages as buyer demand soars","date":"December 14, 2020","format":false,"excerpt":"\r UK banks and building societies more confident over riskier lending as fears over house prices ease\r \r Source : ft.com\r Read more...NatWest brings back 90% mortgages as buyer demand soars","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137918,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-how-to-cope-as-uk-interest-rates-hit-the-roof\/","url_meta":{"origin":127940,"position":2},"title":"Mortgages: how to cope as UK interest rates hit the roof","date":"June 24, 2023","format":false,"excerpt":"\r Options for homeowners and first-time buyers as they face maelstrom in marketFor Britons buying their first home or chasing a new deal the maelstrom in the mortgage market is the stuff of nightmares, with products being pulled right, left and centre, and no end in sight as the Bank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60824,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/britons-face-lifetime-of-debt-bank-of-england-warns-over-35-year-mortgages\/","url_meta":{"origin":127940,"position":3},"title":"Britons face lifetime of debt Bank of England warns over 35 year mortgages","date":"July 16, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Britons face lifetime of debt Bank of England warns over 35 year mortgages","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29965,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lending-and-business-borrowing-fall-as-britons-delay-big-decisions\/","url_meta":{"origin":127940,"position":4},"title":"Mortgage lending and business borrowing fall as Britons delay big decisions","date":"October 14, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Mortgage lending and business borrowing fall as Britons delay big decisions","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64528,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/software-update-leaves-samsung-tvs-unusable-plus-identity-theft-soars\/","url_meta":{"origin":127940,"position":5},"title":"Software update leaves Samsung TVs unusable, plus identity theft soars","date":"August 24, 2017","format":false,"excerpt":"\r Also, why British homeowners are burrowing down for space and ways to lighten the student debt burden\u2022 Sign up to receive Money Talks each weekHello and welcome to this week\u2019s Money Talks \u2013 a roundup of the week\u2019s biggest stories and some things you may have missed. 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