City Fears 400,000 Will Default On Their Mortgages [Edition 3]

Evening Standard - London (August 05, 2009)

Author: Hugo Duncan

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Summary


CITY experts today warned that Britain was on the brink of a mortgage crisis as tens of thousands of households struggle to repay home loans.

Figures suggest as many as 400,000 households could be failing to make mortgage repayments on time by the end of the year.

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Extract


City Fears 400,000 Will Default On Their Mortgages [Edition 3]

The grim warning came as Lloyds Banking Group became the latest high street bank to report a surge in the number of borrower...

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