According to a recent report in the Times newspaper, as many as one in five homes in the UK have been placed on the property market because the owners are unable to afford mortgage repayments .
Known as ‘forced downsizers’ this bracket of the housing market is large and growing, according to estate agents throughout the UK. Further indications of property market strife – repossessions and mortgage arrears – have also soared.
Many banks have withdrawn their mortgage deals from borrowers, leaving many unable to find a competitive mortgage . The chief executive of the National Association of Estate Agents, Peter Bolton King, was reported as commenting: "It is those homeowners who were on cheap fixed-rate mortgage deals who cannot replace them and are struggling with the rise in repayments ."
Mortgage debt forcing sales for many
Mortgage Quote Line
0845 108 0505
Mortgage debt forcing sales for many
Fri, 21 Nov 2008
Recommended links
Mortgage enquiry formFirst-time buyers
Mortgage arrears
Mortgage repossession
Warning over interest-only mortgages
Council could offer mortgages
Current first time buyer mortgage deals
Compare mortgage rates and offers
Mortgage lenders directory
Find a mortgage broker
Mortgage debt help
Mortgage debt advice
Credit crunch and mortgage guide
Buying freehold property
Buying leasehold property
Changing your mortgage lender
Mortgage protection insurance
Mortgage arrangement fees and costs guide
Stamp duty bands and calculator
Mortgages and interest rate changes
Fixed rate mortgages
Compare fixed rate mortgage offers and rates
Variable rate mortgages
Tracker rate mortgages
Current tracker rate mortgage deals
Lifetime mortgage guide
Getting a mortgage with a friend
Mortgage Petitions - Sign Up Now!
Face up to mortgage and other debt, consumers warned
Mortgages used to pay other debt
First-time buyers already burdened by debt
Expert: Student debt does not impact on first-time buyers
Mortgage debt problems climbing
OAPs still saddled with debt
Clear mortgage debt while rates are low, expert says
Mortgage lenders' debt fees unfair, expert claims
Avoid facing mortgage debt in old age
Debt mountain blamed on mortgages
Rising mortgages linked to growing debt issues
Remortgages to cover university debt?
Debt crisis linked to mortgages
First time buyers "in favour of debt test"
First-time buyers still have debt, study shows
Expert: Student debt should not burden first time buyers
Mortgage lender doubles debt management team
Mortgage debt no problem, expert states
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage