Half a million to fall behind on their mortgages in 2009
December 19, 2008 by admin
Filed under Mortgage News
The economic downturn will lead to a huge rise in mortgage arrears in 2009, lenders have warned.
The Council of Mortgage Lenders (CML) said the number of households more than three months behind with their repayments would reach 500,000 – more than double this year’s expected figure of 210,000.