Homeowners falling behind on mortgage payments

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Homeowners are over-committing themselves with loans and other forms of credit, says a report from the Citizens Advice Bureau (CAB) today.

It says a survey of 2057 - which GfK NOP completed and the CAB commissioned - has found 4% of people missed one or more mortgage payments in the last twelve months - the equivalent of 770,000 mortgage borrowers throughout the UK when applied to the total UK adult population. The survey was designed to a reflective cross-section of the UK population, sand further findings show younger people are more likely to have missed a mortgage payment, as 13% of 21-24 year-olds surveyed saying they had missed one or more mortgage payments in the last twelve months. The CAB also says it has dealt wit...

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