In September, 49 per cent of mortgage holders Citizens Advice gave debt advice to said they had more money coming out of their finances every month than going in. The stark findings highlight the risk around rising mortgage rates. Citizens Advice data paints a stark picture of a looming mortgage crisis if borrowers can't afford to pay their monthly bills. 'They can miss mortgage payments and go into arrears. You can get in touch with Citizens Advice or call Adviceline (England) on 0800 144 8848 or Advicelink (Wales) on 0800 702 2020.

Source: Daily Mail October 29, 2022 21:24 UTC