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Mortgage Help Soaring

Posted in Mortgages/Remortgages, Repossession by OneAdvice on the September 7th, 2009

The number of homeowners seeking help with repaying their mortgage has soared by 35% in the last year. Research by the Citizens Advice Bureau suggests that more and more households are struggling to meet the basic costs of living, leading to fear over an increase in the number of repossessions.

This figure reflects recent research by The Royal Institution of Chartered Surveyors (RICS) who estimate that there will be an average of 123 homes reposed everyday as people struggle with their payments.

Increases in the cost of fuel, household bills and mortgage payments are stretching people to the limit, with 215,000 new debt problems being reported in the first two months of 2008 alone.

Mortgage Help From One Advice

If you find that you are struggling with your mortgage payments then it is important that you seek expert advice as soon as possible. One Advice can offer you free advice on your finances and try and help you get your debt in order, as there are ways to reduce your monthly outgoings without risking losing your home as a consequence of missing mortgage payments.

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  1. on October 19th, 2009 at 3:18 pm

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