If Mortgage to Sink You Debt Threatens &Start Talking ; As Debt Charities Report a Big Increase in Calls, Struggling Homeowners Are Urged to Get in Touch with Lenders

Summary


GROWING numbers of households are reporting difficulties paying their mortgage as the credit crunch bites harder and home loan interest rates continue to rise.

Advice charity National Debtline says it has seen a 30 per cent increase in the past year in the number of worried callers who have fallen into arrears on their mortgage.

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If Mortgage to Sink You Debt Threatens &Start Talking ; As Debt Charities Report a Big Increase in Calls, Struggling Homeowners Are Urged to Get in Touch with Lenders

Many mortgage rates climbed last week (see below) in response to the latest financial crisis in the banking sector on both sides of the Atlantic.

Brokers expect more will follow soon. 'Falling into arrears and facing the possibility of losing the roof over your head is a terrifying experience,' say...

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