Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repayments
Britain’s mortgage lenders fear a rise in the number of homeowners handing back their keys as the cost of living crisis forces more people to default on their loans.
The Bank of England said a survey of lenders showed they were braced for a steep rise in the number of customers who cannot pay their monthly mortgage bills during the first quarter of the year.
Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repaymentsBritain’s mortgage lenders fear a rise in the number of homeowners handing back their keys as the cost of living crisis forces more people to default on their loans.The Bank of England said a survey of lenders showed they were braced for a steep rise in the number of customers who cannot pay their monthly mortgage bills during the first quarter of the year. Continue reading…
