Friday, 18 May 2012

As the Eurozone crisis deepens more than 100,000 people could lose their homes if mortgage repayments rise by just £20 a month - a leading charity has revealed today.
The Bank of England has warned that as UK lenders are hit by higher borrowing costs families should prepare to pay more as the increase is passed down to consumers.
This could lead to thousands losing their homes if the hike results in mortgage rises of £20 a month because people are already struggling with overdue bills and cards.
The Consumer Credit Counselling Service (CCCS) say that many already struggling with overdue bills and cards were just about coping with house repayments and that any more expense could tip them over the edge.


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