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Repossessions up again. The amount of mortgage customers who are having difficulty maintaining their repayments increased for the first time in two years.

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Repossessions up again.

March 16, 2011 at 2:56 PM

The amount of mortgage customers who are having difficulty maintaining their repayments increased for the first time in two years.

In the last quarter of 2010 the number has increased to 38,800.

The Financial Services Authority released the figures which make grim reading. With the banking crisis and unemployment rising we here at MortgageMap do not see this situation getting better anytime soon.

People who are struggling now or have struggled in the recent past are finding it difficult to either pay their mortgage or get accepted for one. In fact people with many years track record are even finding it difficult to get accepted for a remortgage when their current fixed rate deal finishes.

We have a bad credit section on the website especially for people who are finding it difficult to get a mortgage, and if you speak to one of the advisers by filling out the "free quote" request form a mortgage broker with the sort of experience you need will be able to have a chat with you about your options.

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Tags: Bad Credit Mortgage
Category: Bad Credit

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