There was quite in interesting article in the Metro today about an AXA insurance report on mortgages and mortgage repossessions.
The following is a link to a pretty similar article.
Whilst it seems that many people are making prudent plans to cut non essential expenditure the increase in prices of commodities such as fuel and food can only increase the number of possession cases as there are many home owners who don't have the luxury of cutting back on non essential expenditure as they don't have any!
One dreads to think about what will happen when those people who are already struggling to pay their fixed rate subprimes come off their fixed rate deal.
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