Mortgage arrears and repossessions set to rise

Posted by & filed under Borrowing & debt, Business, Financial Services Authority (FSA), First-time buyers, guardian.co.uk, House prices, Housing market, Money, Mortgage arrears, Mortgages, Negative equity, News, Property, Repossessions, UK news.

Council of Mortgage Lenders’ forecast for 2012 predicts a deterioration in number of borrowers behind on their mortgages, and greater pressure on household budgetsRising unemployment and increased pressure on household budgets will lead to more borrowe…