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Financial Reporter warns that '30,000 mortgages could be at risk of arrears'

Financial ReporterReporting on HML's findings in a recent report, Financial Reporter led with the headline "30,000 mortgages could be at risk of arrears after base rate increase", raising fears of increased debt and repossessions if the base rate rises even modestly.

They quote HML's John Grimbaldeston who says, "HML’s forecast also doesn’t take into account increased buyer demand – and potentially even higher house price rises – as a result of Help To Buy II. This too could force the Bank to act earlier than planned and households should start planning now for potential monthly repayment increases."

If you are struggling with mortgage arrears and need help or advice to work out the best way to solve your debt problems then give our team a call for a confidential review of your options. We can advise and support, and may be able to offer finance to assist you with getting our of mortgage debt problems.

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