Shelter... and the big mortgage repayment mountain
In a new report, Shelter demands that lenders offer help to homeowners struggling to meet repayments, and reveals that calls to the charity from the mortgage-stressed increased from 10,000 in 2006 to 80,000 in 2007. What a difference a few percentage points make. According to the report, too many borrowers are being forced into sale and rent-back schemes or further loans. More here.
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