s0luti0n's Blog

Many mortgage borrowers face the risk of going into arrears on their mortgage this year. The credit crunch with higher costs of borrowing and rising energy and fuel costs are starting to hurt homeowners. Whatever you do, your mortgage needs to take preference but if you are struggling you should look at your current mortgage and address the situation. With rates on unsecured loans and credit cards rising, the servicing of these debts is pushing many budgets to breaking point. Repossessions are on the rise and this looks set to continue in 2008. They are at the highest number since 1999. You need to act fast if you think that you are going to struggle to cope with these rising costs. Many peoples low-rate fixes from 2002 and 2005 are due to expire soon and most will receive a payment s...