One in 10 mortgagors at risk of being trapped in ‘unaffordable’ borrowing finds new study

Published on

Housing, Wealth and Debt

One in ten of today’s mortgagors risk being imprisoned by borrowing deals which are likely to make their repayments unaffordable as interest rates rise over the next four years according to new research from independent think tank the Resolution Foundation. The study suggests that around 770,000 households fall into both of two potentially problematic categories … Continued