Owners report drop in mortgage repayments

According to the report, two in three mortgagors said payments remained level or fell over the last 12 months with only 16% of respondents seeing repayments increase by more than £50 a month. However, the BoE says households have found it more difficult to service their existing debt due to higher household bills leaving borrowers with less disposable income. More than half the households surveyed reported that their monthly 'available' income had fallen since last year. While an increasing proportion of households reported experiencing some financial difficulty, just 3% admitted actu...