Things are beginning to show signs of positive change for home owners and buyers with the cost of new mortgages coming down and starting to show signs of mild recovery. However, we aren’t out of the woods just yet as the cost of living crisis and higher interest rates are still putting a strain on many households.
Both mortgage arrears and repossessions are currently on the rise. Arrears have increased by 7% compared to the last quarter and over 500 homes were reposessed in the last quarter.
If you are struggling or worried that this could affect you in the near future then please don’t hesitate to get in touch with us. We can speak to the lender on your behalf and come up with a plan that won’t effect your credit rating.
Call us today on 0800 975 0222 or
email themortgagedesk@gmail.com
