16% of Homeowners 'Find It Hard to Keep Up Mortgage Payments'

Western MailMarch 02, 2011

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Summary


ONE in six homeowners are finding it harder to keep up with their monthly repayments, despite mortgage affordability reaching its best level for 10 years.

The average homeowner spent 15.4% of their take-home pay on mortgage repayments in December, the lowest level since Barclays started doing the analysis in 2002.

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16% of Homeowners 'Find It Hard to Keep Up Mortgage Payments'

The group, which analysed transactions from 1.3 million current accounts, said the hi...

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