{"id":133790,"date":"2023-01-19T20:03:47","date_gmt":"2023-01-19T13:03:47","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lenders-fear-spike-in-mortgage-defaults-as-cost-of-living-hits-home\/"},"modified":"2023-01-19T20:15:09","modified_gmt":"2023-01-19T13:15:09","slug":"uk-lenders-fear-spike-in-mortgage-defaults-as-cost-of-living-hits-home","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lenders-fear-spike-in-mortgage-defaults-as-cost-of-living-hits-home\/","title":{"rendered":"UK lenders fear spike in mortgage defaults as cost of living hits home"},"content":{"rendered":"


\nBank of England survey shows lenders expect steep rise in borrowers failing to make monthly repaymentsBritain\u2019s 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…
\n
\nSource : theguardian.com
\nRead more…UK lenders fear spike in mortgage defaults as cost of living hits home<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly...<\/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-133790","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-yNU","jetpack-related-posts":[{"id":130724,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-warns-mortgage-defaults-to-rise-in-months-ahead\/","url_meta":{"origin":133790,"position":0},"title":"Bank of England warns mortgage defaults to rise in months ahead","date":"October 13, 2022","format":false,"excerpt":"\r Survey of lenders paints gloomy picture of new deals drying up and end to \u2018golden era\u2019 of cheap mortgagesThe number of mortgage defaults are expected to rise in the coming months, according to Bank of England data released on Thursday, while the number of new loans will continue to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139281,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lenders-expected-to-make-further-mortgage-rate-cuts-next-week\/","url_meta":{"origin":133790,"position":1},"title":"UK lenders expected to make further mortgage rate cuts next week","date":"September 22, 2023","format":false,"excerpt":"\r Mounting optimism that home-loan costs have peaked after Bank of England keeps interest rates on holdUK lenders are expected to launch another round of mortgage rate cuts next week amid optimism home-loan costs have peaked after the Bank of England\u2019s decision to keep interest rates on hold.So far Nationwide\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-lenders-told-they-can-scrap-affordability-rules-for-buyers\/","url_meta":{"origin":133790,"position":2},"title":"UK mortgage lenders told they can scrap affordability rules for buyers","date":"June 20, 2022","format":false,"excerpt":"\r Bank of England feels other measures will play stronger role in guarding against household debtLenders will no longer have to check whether homeowners could afford mortgage payments at higher interest rates after the Bank of England ditched rules originally designed to avoid another 2007-style credit crunch.The rules, introduced in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weekly-mortgage-refinances-spike-37-in-one-week-as-rates-fall-further\/","url_meta":{"origin":133790,"position":3},"title":"Weekly mortgage refinances spike 37% in one week as rates fall further","date":"August 14, 2019","format":false,"excerpt":"\r Another sharp drop in mortgage rates sent even more homeowners to their lenders, hoping to save money on their monthly payments.\r \r Source : cnbc.com\r Read more...Weekly mortgage refinances spike 37% in one week as rates fall further","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122585,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lending-strengthens-despite-bank-of-england-base-rate-warning\/","url_meta":{"origin":133790,"position":4},"title":"Mortgage lending strengthens despite Bank of England base rate warning","date":"October 14, 2021","format":false,"excerpt":"\r Mortgage lenders continuing to offer lower interest rates amid price war sparked by stamp duty tax cutA mortgage price war that has brought the cost of monthly payments down over the last year is expected to continue until at least next month despite warnings that lenders\u2019 profit margins could\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lenders-slash-mortgages-as-bank-of-england-rate-cut-brings-relief-to-homeowners\/","url_meta":{"origin":133790,"position":5},"title":"UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners","date":"August 2, 2024","format":false,"excerpt":"\r UK lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut interest rates\r \r Source : cnbc.com\r Read more...UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners","rel":"","context":"In "Property 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