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Repossession fear grips Britain

20/03/2024

Posted by:
AJ Williamson

One in three Britons is worried their home may be repossessed, with three-quarters of people claiming the government should do more to help struggling homeowners. Consumer group Which? found that 35 per cent of people with a mortgage say they are worried to some degree that they may lose their property, while six in 10 workers said they were concerned they or their partner may lose their job, with 43 per cent saying they would be unable to keep up with their mortgage. A further quarter is fearful of going into negative equity during the year. Which? also argues that the government should force lenders to take part in it homeowner mortgage support scheme.

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