Home Repossessions Set to Increase
A new report by Business Strategies (part of Experian), has forecast that even without any further interest rate rises, the level of home repossessions in the UK will double over the next 2 years to 38,900.The report estimates that a 0.5% rate rise in May will increase that number to 47,700.
If you're worried about your ability to pay your mortgage in the face of rising interest rates, call Quick Move Now on 01793 840 915 - we can help you.
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