Homeowners falling behind on mortgage payments


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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes



Already a Professional Adviser member?


More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read